Liquidity Allocation Vote (LAV)

During a LAV, vlCNC holders can vote on the new Curve pool weights for each Omnipool. The weight of a Curve pool determines how much of an Omnipool's liquidity the Curve pool should receive. In order for a Curve pool to be eligible to be part of a LAV, it must be whitelisted prior to the start of the LAV.

For example, a LAV could update the weights as follows for the USDC Omnipool:

  • FRAX+USDC: 43% -> 45%

  • USDC+crvUSD: 26% -> 31%

  • DAI+USDC+USDT: 31% -> 24%

Voting rules and information

  • Voting will be done via Snapshot

  • LAVs will be bi-weekly, starting Thursdays at 00:00 UTC and ending on Tuesdays 00:00 UTC.

  • Each Omnipool will have its own LAV. All LAVs will run in parallel.

  • LAVs have a quorum of 15%.

  • The outcomes of each LAV take effect 12 hours after voting has concluded.

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