[Curve] Ownership DAO Vote ID: 1457
AI summary
This proposal seeks to update several key parameters for the TricryptoUSDT liquidity pool on Curve, which includes USDT, Wrapped Bitcoin (WBTC), and Wrapped Ethereum (WETH). The changes involve significantly reducing the 'A' parameter and 'gamma' over 14 days, which are factors influencing the pool's sensitivity to price changes and impermanent loss. Additionally, it proposes substantial reductions in 'mid_fee', 'out_fee', and 'fee_gamma', which are related to the trading fees within the pool. The 'allowed_extra_profit' will be decreased, while 'adjustment_step' will be increased.
If passed, these changes will alter the trading dynamics and fee structure for the TricryptoUSDT pool, potentially making it more efficient for traders and adjusting profitability for liquidity providers. The specific impact on profitability for liquidity providers or the volume of trades cannot be precisely determined without further analysis of the proposed parameter values.
Voting results
Votes over time
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🐳 Whale votes
5 votes > 5% VPFull proposal
Quorum: 6.67m CVX
[OWNERSHIP] Update TricryptoUSDT (USDT/WBTC/WETH, 0xf5f5...e2b4) parameters. Ramp A 1,512,000 -> 344,520 (0.228x) and gamma 507,150,000,000,000 -> 126,562,100,000,000 (0.250x) over 14 days. Commit new fees: mid_fee 22,000,000 -> 207,000 (0.0094x), out_fee 296,800,000 -> 69,314,000 (0.234x), fee_gamma 72,000,000,000,000 -> 4,920,000,000,000 (0.068x). allowed_extra_profit 100,000,000 -> 48,200,000 (0.482x) and adjustment_step 100,000,000,000 -> 1,004,800,000,000 (10.048x). apply_new_parameters() callable by anyone after the 3-day delay.
Action 1
To: Unknown …