Curve Risk Multisig Now Voting on Convex!
The Crypto Risks team has been working to provide high quality, objective assessments that assist the Curve DAO community with due diligence on gauge proposals. We often provide a recommendation about whether a gauge proposal meets safety expectations, and deserves a gauge. To reiterate our methodology, the main criteria we look at is:
Is it possible for any single party (person or entity) to scam (“rug”) its users?
If the team vanishes, can the project continue?
Do audits reveal any concerning signs?
We owe our thanks to the exceptionally engaged and thoughtful Curve community. Together we are making an impact to keep Curve safe!
The curve-risk.eth Multisig
Now we are taking our mission one step further by launching the Curve Risk multisig. This address will be used as a delegation address for Convex Snapshot votes. That means if you have vlCVX vote power and you consider our positions on gauge proposals to represent the interest of Curve’s security, you can delegate to this address.
We will be voting on all gauge proposals, as well as whitelistings and parameter votes. Anything relevant to maintaining the security of Curve will be voted on, and our policy is to only vote in line with our risk analysis.
Depending on the demands of a proposal, we may publish a complete risk report, or make a simple statement on Twitter. Regardless, we will always publish our vote selection and provide some reasoning for that decision. Follow us on the Crypto Risk substack and on Twitter (@cryptorisksteam) to stay informed about how your votes are being used.
Keep Earning Birbs
Many Convex voters are currently delegated to Votium for the benefit of receiving vote incentives from the biweekly gauge weight votes. In order to serve these users, we will also be voting on each gauge weight vote round. Our delegators will not have to make a choice between their responsibility to the protocol and raking in regular income.
Our policy (subject to revision) will be to only gauge vote for Convex flywheel bribes (CVX, CRV, and FXS). Voting will equally weight for all pools offering one of the Convex flywheel assets. For example, in round 18, we would have voted 20% weight each for FRAX, cvxCRV, fpiFRAX, cvxFXS, and cvxETH.
How to Delegate
You can delegate by visiting https://www.convexfinance.com/lock-cvx and entering the Curve Risk multisig address into the “Delegate Address” field.
Address: 0xa2482aA1376BEcCBA98B17578B17EcE82E6D9E86
ENS: curve-risk.eth
There is a one time transaction you must complete in order to delegate, and from then on your votes will be delegated until you clear or change delegation to another address. You can always override a vote we have made. If you ever wish to overrule a vote we have made on your behalf, you can visit the Convex Snapshot as usual and place your vote there.
We’re pleased to have this opportunity to better serve the Curve and Convex community.