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

Proposals YIPs
106

Do you know that the tokens are vested and they are not locked in curve right? because you sound like you don’t know that.

107

I am curious what you mean. What situation at Curve?

108

I don’t think you understand the situation but I’m more than happy to help you understand.
around 567k CRV were acquire by preCRV LP. YFI voted to keep these CRV (that are on a vesting period) to boost the gauge for ypool. With the actual voting situation at Curve, it most likely will be hard to keep our boost using the CRV. Therefore bringing the YIP37 advantage lower. :slight_smile:

109
3 Likes
110

New strategy StrategyCurveYCRVVoter is up for review:

Comparison with StrategyCurveYCRV:

2 Likes
111
  • CurveVotingEscrow doesn’t allow deposits from non-whitelisted smart contracts . Curve DAO needs to create a smart wallet registry contract, commit_smart_wallet_checker and apply_smart_wallet_checker on the voting escrow and we need to vote our controller to the whitelist. We need to work with Curve community to do this.

Aren’t contracts going to be whitelisted with all this curve drama? One thing less.

1 Like
112

How are they useless? I’m sure the dao vote share will return to normal levels sooner or later.

113

We’ll probably have to charge a fee, ‘vote-boost’ fee, that will be kept as CRV to go towards vote-locking for reward boost.

114

I noticed that this “StrategyCurveYCRVVoter” is deployed currently according to Feel the yearn - Vaults (feel-the-yearn.app), however the only code difference between it and the old strategy is the keepCrv parts. It does not have the vote escrow and locking parts.

Will the vote locking be deployed later? Also, will this Voter strategy be applied to the sBTC vault as well? I noticed it also has the same keepCrv code.

2 Likes
115

Yeah, I’m noticing this as well. 10% of CRV generated is going to the treasury, 90% swapped and going back into the vault. I was interested in making a proposal for how YFI governance should interact with Curve DAO but couldn’t find out how much if any CRV we have locked up.

Edit: the 10/90 split I’m seeing is on newly earned CRV, not the vested CRV from preCRV LP.

116

Can you add more rewards booster in new vault please ?
Thank you

1 Like