YIP 37: Participate in CRV governance and 2.5x CRV reward boost

My yCRV stablecoins were in the yVault during StrategyYfii under the informed expectation they would be earning CRV. I absolutely want the CRV I was promised.

And, I want the spirit of this proposal to move forward. Hell yeah I want to boost our yVault generation by 2.5x and for YFI holders to have a major stake in Curve governance.

I think we can do both: give early LPs their CRV and pass this proposal (with modification):

Why not pass this proposal, take all the CRV, vote-lock them, boost our CRV generation, and then use the first unlocked CRV we earn to pay all early LPs 100% of their earned CRV.

Win-win. Early LPs have to wait a bit to get their CRV and it’s not exactly what they expected, but it’s even better since it’s 100% vested. And we get to pass this proposal.

Update: as this vote is already running it can’t be modified. If it passes, we could make a new proposal to pay back LPs as I’ve described. Or with a normal allocation of vested vs unvested if that’s preferable.

11 Likes