Curve Finance proposes introducing an emergency multi-signature mechanism to strengthen risk control for crvUSD and LlamaLend.
ChainCatcher news, Curve Finance is soliciting community feedback on governance proposal #1252, which proposes to introduce "Emergency DAO" emergency multi-signature authority for crvUSD and LlamaLend, in order to ensure system security before supporting yieldbasis and Resupply and further expanding scale.
The voting for this proposal will end on November 12. The proposal aims to allow the Emergency DAO to share control over key risk parameters with Curve DAO, including: lowering the debt ceiling related to crvUSD minting (applicable to YB, Flashminter, etc.); adjusting AMM fees, monetary policy, and liquidity mining callbacks; managing borrowing discounts (without forced liquidation); and setting deposit caps for Vaults.
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