Due to demand from community members, we have decided to revisit how trading fees should be distributed to veCRV holders. Governance originally voted for CRV.
Whilst buying and distributing CRV was positively received, some community members suggested a stable coin or an LP token made more sense to avoid volatility.
CRV implementation is the hardest due to front running concerns when buying on the open market.
Stablecoin option in the form of an LP token would have the benefit of compounding whilst unclaimed
Currently, around $756k of fees has been collected in 23 days with the veCRV holder APY standing at 75%
Please note if the stablecoin option wins, a secondary signal would be offered with multiple options (LP tokens and stable coins likely to be 3CRV/yCRV/USDC/DAI). You may suggest other options below.