Summary:
Kill CRV gauge emissions to pools tat include CVG token, including:
Abstract:
Killing gauges will prevent additional CRV emissions to the pool gauges included in this proposal. It will have no direct impact on the pool operation.
Motivation:
Convergence experienced a hack in August 2024 that essentially killed the CVG token. It now has a near 0 valuation and near 0 volumes.
However, the CVG/ETH pool continues to receive vote incentives and has maintained gauge weighting despite being an essentially dead token.
While the emissions are relatively small to this gauge, it’s entirely inappropriate for a dead token to receive CRV emissions and furthermore to be offering vote incentives to such a token. There will be an immediate vote to kill the CVG gauges.
Specification:
TWO_CRYPTO_ADMIN = '0x5a8fdC979ba9b6179916404414F7BA4D8B77C8A1'
ACTIONS = [
# kill CVG/WETH
("0x16A3a047fC1D388d5846a73ACDb475b11228c299", "set_killed", True),
# kill TriCVG
("0xeA63247e831f870160896A29F5240EfD7EeE44a5", "set_killed", True),
# kill CVG/FraxBP
(TWO_CRYPTO_ADMIN, "set_killed", '0x8A111B47B31bBa40C2F0D2f9a8Cf6B6C4B50114E', True),
]