[READY][GF: Phase 1 Proposal] Velodrome Finance

ARCHIVED & OLD Missions Governance Fund: Phase 1
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Example:-

I have 100K in $USD some veCRV and veVelo.

Case 1 : Existing veToken holder

  • Curve - As a existing holder of veCRV, I will get reward depending on the amount I hold and how I vote.
  • Velo - same as above

Case 2 : New user

  • Curve - I can use 100K $USD to acquire more CRV, lock it to get more veCRV. My voting power increase resulting in more reward and my principle amount is locked in form new veCRV.
    Velo - Same as above, + I will get some % of my principle money back in form of $OP as mentioned in the proposal for buying and locking $VELO. We have seen that lock bonus vary but could possibly reach up to $1.3 in $OP for $1 in depending on amount locked in that specific epoch but even If I take an average of 80% 30% return then at the end of epoch I will back $80K back 30K in form of $OP airdropped as a reward.

So basically, we are paying users to buy protocol native token which is not the case with Curve. Hope this example provide more context from my side.

I am not trying to create a distinction, its clearly mentioned in the proposal.

Thank you for this, Katie. I would like us to continue this conversation during coming Reflection period.

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