The goal of the Snapshot is to gauge the community preferences and approve an ongoing schedule of AIPs for LT reduction of CRV on V2 Ethereum, eliminating the need to go through Snapshot for each change, thus reducing governance overhead and promoting a more streamlined process. This Snapshot is the only way for the community to properly decide between the available options.
Both options are schedule based, with the main differences being:
- While Gauntlet sets fixed conditions which, if unmet, might halt updates, Chaos believes in evaluating the market scenario prior to every scheduled update to recommend the optimal modification, limited to a 10% decrease. The factors we consider mirror those in our past LT reductions and encompass aspects like market liquidity, user HF effects, and potential liquidation risks for existing users.
- Chaos advocates for bi-weekly updates, as opposed to Gauntlet’s weekly proposal. Our rationale is to ensure ample time is allocated to assess the implications of each change and fine-tune subsequent ones.