Summary
As described in LlamaRisk: Concluding Our Curve Engagement, our active engagement with Curve ends June 30, 2026. This proposal implements the crvUSD portion of the funding wind-down we committed to in that post.
The vote calls revoke on the LlamaRisk crvUSD vesting escrow with a clawback timestamp of June 30, 2026 23:59:59 UTC. The effect is to stop the stream at the end of June and return the unvested crvUSD to the Curve DAO Treasury. LlamaRisk retains only the amount vested up to that date.
The intent, consistent with our prior post, is that the DAO pays for what it received through June 30 and nothing more.
What is changing
The crvUSD vesting escrow currently holds 288,411.66 crvUSD. The revoke call splits this at the June 30 cutoff:
- Returned to the DAO Treasury (clawback): ~270,246.59 crvUSD. This is the portion that would have vested after June 30. It is transferred to the Treasury at the moment the vote executes.
- Retained by LlamaRisk: ~18,165.07 crvUSD. This is the portion vested up to June 30. It remains claimable by the recipient address after the cutoff and is not affected by this vote.
After execution, the stream is permanently frozen at the June 30 cutoff. No further crvUSD vests, and the escrow’s owner is renounced. LlamaRisk claims the retained portion separately; this proposal does not claim on our behalf.
The CRV stream is handled separately, as noted in the engagement-conclusion post: it cannot be cut early without burning the unvested portion, so any CRV vesting beyond June 30 will be returned to the Treasury as tokens vest, within reasonable timelines.
Actions in this vote
The Curve DAO Ownership Agent executes a single call:
| Field | Value |
|---|---|
| Target contract | 0xD0760552EeC8Aca4C6B0312A8dFFDF8aF553337d (crvUSD vesting escrow) |
| Function | revoke(uint256 ts, address beneficiary) |
ts |
1782863999 (June 30, 2026 23:59:59 UTC) |
beneficiary |
0x6508eF65b0Bd57eaBD0f1D52685A70433B2d290B (Curve DAO Treasury) |
revoke sets the escrow’s clawback time to ts, transfers the unvested balance (the amount that would vest after ts) to beneficiary, and renounces ownership of the escrow. The recipient’s already-vested balance is untouched.
Relevant addresses
| Role | Address |
|---|---|
| crvUSD token | 0xf939E0A03FB07F59A73314E73794Be0E57ac1b4E |
| Vesting escrow | 0xD0760552EeC8Aca4C6B0312A8dFFDF8aF553337d |
| Curve DAO Treasury (clawback beneficiary) | 0x6508eF65b0Bd57eaBD0f1D52685A70433B2d290B |
| Vest recipient (LlamaRisk) | 0xE8555F05b3f5a1F4566CD7da98c4e5F195258B65 |
| Ownership Agent (executes the call) | 0x40907540d8a6C65c637785e8f8B742ae6b0b9968 |