Summary: Problem of Gas cost for small veCRV holder and veCRV dilution
Describe what this proposal is about
Abstract: Small veCRV holders doesn’t have an impact on votes, only whales have an impact on Curve Governance decision.
Small veCRV holders are paying a lot of gas fees for voting.
If small veCRV holders doesn’t vote, their veCRV power is reducing and they are losing fees on 3pool rewards.
A short description of the proposed change.
Motivation:Propose change could be :
-vote on layer 2 with fewer gas fees e.g. OMG or Matic Network (same ETH public key)
-vote delegation on selected people (like COMP,UNI, BZRX…)
-no penality for veCRV holder below 5000 CRV
Explain why you think this proposition is worthwhile.
Specification: Delegation to a specific wallet or L2vote or no penalities for lack of vote
Technical details if applicable
Reasons why this proposal should be voted for
DeFi is heavily centralized according to this research paper Decentralized Finance , Centralized Ownership.
If small veCRV holders doesn’t vote, they will be continuously diluted and the governance will be heavily centralized.
According to this study (CRV token distribution), 20wallets have 89% of veCRV token
Possible reasons why this proposal should be voted against
Post a link to your proposal if it’s already been created