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Curve Finance proposed to introduce an emergency multi-signature mechanism to strengthen the risk control capabilities of crvUSD and LlamaLend.
GateNewsBot
PANews, November 5th news, Curve Finance is seeking community feedback on governance proposal #1252, which proposes to introduce “Emergency DAO” emergency multi-signature permissions for crvUSD and LlamaLend, in order to ensure system security before supporting yieldbasis and Resupply and further expanding the scale. The proposal voting will end on November 12. This proposal aims to allow Emergency DAO to share control over key risk parameters with Curve DAO, including:
Lower the debt limit related to crvUSD minting (applicable to YB, Flashminter, etc.);
Adjust AMM fees, monetary policy, and liquidity mining callbacks;
Manage loan discounts (no forced liquidation);
Set the deposit limit for the Vault.
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