closedEnded 3 years ago ยท Snapshot (Offchain)
[GIP-72] WETH CM additional configuration
By 0xb9b7...6CceeAContinue Reading
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:
- 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.
- LT = 0 and ZeroPriceFeedโs will be set for cvxcrvCRVETH, stkcvxcrvCRVETH, in addition to the Curve token
- Without the old CRV pool, the users wouldnโt have any option to swap their reward CRV into the underlying WETH, since the new CM doesnโt 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 canโt 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.
Connect Wallet to Add Note
0Votes 62
| Voter | Cast Power | Vote & 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 |
VOTE POWER
0
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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
Quorum 230.616M/200M
