@fiyadefi@crypto_condom Peter has 500 CRV locked as sdCRV and is able to vote with 500 veCRV. He kept his voting power. Boost of Paul comes from accessing mary’s LP’d sdCRV that can’t vote.
@fiyadefi@crypto_condom No you don’t need to buy SDT to keep your voting power. There will be a 30 day time weighted average before you get 100% of your voting power. With locked SDT you can get even more voting power which comes from the people whi lock sdtokens but LP them
@bneiluj Relying on veSDT to be guardians against malicious sdCRV voting is kicking the can down the road, someone could build a veSDT liquid locker without a timelock
@crypto_condom@StakeDAOHQ@Tetranode A flashloan attack on curve governance can be thwarted by the stakedao multisig that can overrule votes. It is the same power held by the convex multisig that could choose to not respect vlcvx holder’s votes.
@ZeWhite_Rabbit@StakeDAOHQ On the stakedao fuse pool people had borrowed against SDT. Market downturn caused some liquidations but since liquidity of SDT is very low it also caused the price to collapse, causing further liquidations
@StakeDAOHQ@fraxfinance@AngleProtocol Awesome, I was waiting for this! You can now get a 60+% yield on angle without locking for 4 years and it’s much more capital efficient to communalize boosts instead of going solo (because you boost every gauge at once). Very bullish for Angle
🥳 Claim are now up on https://t.co/e83ONbsc2U !
🔥 ~$5m in rewards deposited for $CVX lockers for their vote this round!
💰 Votium delegators got ~$0.44 per vlCVX!
@DefiantNews@CurveFinance@ConvexFinance@BradyDale Great article. What happens to curve in 3 years when emissions are drastically reduced? Why would LPs put their funds on curve where 50% of the fees go to the dao? Doesn’t seem capital efficient