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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% -> 47%
- 3pool: 26% -> 22%
- 3CRV-MIM: 18% -> 15%
- 3CRV-LUSD: 13% -> 16%
- 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.