Whitelist Pickle for locking up CRV for boosted rewards and voting.
Pickle’s Curve Strategy for their vaults have been audited by MixBytes. The Curve team has taken a preliminary look at this audit report and the Pickle Curve Strategy smart contract and deemed it ready for whitelisting to be voted on.
The Pickle protocol already facilitates the staking of tens of millions of dollars worth of tokens supplied to the Curve Finance protocol. The CRV rewards currently earned by these gauge deposits is immediately sold.
Specs (as per the Pickle team):
- buying and vote-locking approximately 550,000 CRV
- diverting 25% of CRV rewards to be locked with the end goal of obtaining the maximum 2.5x boost within 20 weeks
By approving whitelisting, the Pickle protocol can lock up a portion of the rewarded CRV to participate in governance.
By approving whitelisting, the Pickle protocol can get boosted returns on CRV and this will give more CRV to Pickle LPs.