CVX Acquisition fund 2nd vote.
So with 3.9m yes votes and 2.5k no votes, seen here > https://snapshot.org/#/frax.eth/proposal/0x2fcc989e459a21253e8067bd2833effcb3468d35aeb5fa5c4aeefc0ad05d689e
The first vote on this proposal idea fell short of the quorum rules that started being enforced in the middle of the vote. But the general feedback was positive so i feel with a few tweaks to the proposal we could make it more attractive to all parties involved.
I would like to propose a $10m OTC swap with convex, based on a 14 day average price. If a deal is agreed then FRAX protocol will use its CVX to gain more voting power (via vlCVX)
the discussion thread can be found here Please see proposal thread here > https://gov.frax.finance/t/25m-cvx-acquisition-fund/730
FOR = make contact with convex and table the OTC offer
AGAINST = do nothing.
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xE026...b54f89 | 1.582M | FOR |
 0x8df9...144385 | 430,608 | FOR |
 0x3c28...4997A6 | 306,128 | FOR |
 0x40bb...36c17e | 119,782 | FOR |
 0x281d...dc7d66 | 67,618 | FOR |
VOTE POWER
Proposal Status
- Wed February 23 2022, 01:08 amVoting Period Starts
- Tue March 01 2022, 12:00 pmEnd Voting Period
Current Results
1-FOR
2.772M
2-AGAINST
4,814.085