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closedEnded 3 years ago ยท Snapshot (Offchain)

[GIP-72] WETH CM additional configuration

By 0xb9b7...6CceeA

The dev team has identified some additional changes that need to be done in order to finally re-launch the new WETH CM with Curve Crypto farming:

  1. Curve CRV/ETH and Convex CRV/ETH pool adapters need to be forbidden to avoid borrowed funds going into these pools. While LT=0 should prevent any borrowing against these poolsโ€™ LP tokens, we want to completely remove any possible attack vectors.
  2. LT = 0 and ZeroPriceFeedโ€™s will be set for cvxcrvCRVETH, stkcvxcrvCRVETH, in addition to the Curve token
  3. Without the old CRV pool, the users wouldnโ€™t have any option to swap their reward CRV into the underlying WETH, since the new CM doesnโ€™t support Uniswap. Therefore, we need to add an adapter for the new TriCRV pool to the new WETH CM. This pool will only support swaps - there is currently no readily available price feed for crvUSD, so the LP token canโ€™t be safely priced. The LP token itself will also be added (this is needed for compatibility), but will have LT=0 and ZeroPriceFeed set for it.
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Votes 62
VoterCast PowerVote & Rationale
0xeEEC...3665a3
54.404M

Yes, configure and relaunch

0xC4CA...43153B
33.333M

Yes, configure and relaunch

0x81E8...Fd2c08
32.582M

Yes, configure and relaunch

0xb9b7...6CceeA
19.883M

Yes, configure and relaunch

0x6D52...ceA2d7
13.856M

Yes, configure and relaunch

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Proposal Status
  • Thu August 17 2023, 06:45 amVoting Period Starts
  • Sun August 20 2023, 06:45 amEnd Voting Period
Current Results

1-Yes, configure and relaunch

230.614M

2-No (explain rationale)

2,626.973

0%
Quorum 230.616M/200M
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