Summary:
Halt CRV emissions to the CNC/ETH AMM pool and the old WETH and wstETH LlamaLend Markets by setting gauge killed as True.
Abstract:
Markets to kill gauge include:
| Market | Gauge Address | CurveMon |
|---|---|---|
| CNC/ETH CryptoSwap AMM pool | 0x5A8fa46ebb404494D718786e55c4E043337B10bF | CNCETH-f gauge |
| WETH LlamaLend Market | 0x1Cfabd1937e75E40Fa06B650CB0C8CD233D65C20 | WETH-long gauge |
| wstETH LlamaLend Market | 0x222D910ef37C06774E1eDB9DC9459664f73776f0 | wstETH-long gauge |
Motivation:
CNC has announced on March 7 that the protocol will be shutting down and will no longer be incentivizing liquidity to the Curve CNC/ETH pool. As the protocol is shutting down, CRV emissions can be stopped to the pool gauge. This gauge is currently receiving gauge weighting, so LPs in the pool should be aware that this vote will halt CRV emissions upon execution.
The LlamaLend markets included in this proposal were created with an older controller implementation that does not support leverage. Both markets have been superceded by a wstETH2 and WETH2 LlamaLend markets, so CRV emissions can be stopped to the old market gauges. (Note: these markets have gauge weight 0 currently).
Specification:
TWO_CRYPTO_ADMIN = '0x5a8fdC979ba9b6179916404414F7BA4D8B77C8A1'
ACTIONS = [
# CNC kill
(TWO_CRYPTO_ADMIN, "set_killed", '0x5A8fa46ebb404494D718786e55c4E043337B10bF', True),
# WETH llamalend kill
('0x1Cfabd1937e75E40Fa06B650CB0C8CD233D65C20', "set_killed", True),
# wstETH llamalend kill
("0x222D910ef37C06774E1eDB9DC9459664f73776f0", "set_killed", True),
]