Use OlympusDAO treasury-held Curve Finance governance power to vote in favor of FIAT-associated pools receiving a $CRV rewards gauge.
FIAT DAO launched its namesake protocol this past week, allowing users to mint the $FIAT stablecoin against supported fixed income assets. Secondary liquidity for FIAT will be critical in facilitating its primary use case, which is releveraging fixed yields offered by partners like Element Finance and Notional Finance. The first step in creating deep secondary liquidity will be to gain access to Curve Finance emissions that could be aimed at FIAT-3crv, FIAT-4pool, and so on.
Each Curve pool requires a governance vote to approve it for potentially receiving a portion of $CRV reward emissions on a biweekly basis. FIAT DAO will be looking to pass Curve Finance governance on these votes, first for its 3crv metapool and then for the 4pool equivalent once it's up and running.
This vote is not to decide whether rewards should be directed at FIAT-denominated pools. Rather, it is simply to signal whether the OlympusDAO community is in favor of supporting FIAT DAO as it goes through Curve governance.
OlympusDAO takes on reputational risk by supporting FIAT DAO curve gauges. There is indeed precedent of malicious projects looking to use the Curve Finance system for ill-gotten gain (e.g. Curve Turns Off Mochi’s Rewards After 'Amazingly Scammy' Tactics Trigger Outcry - The Defiant). That said, FIAT DAO is an existing partner of OlympusDAO and all of our protocol code is verifiable at https://github.com/fiatdao.
Moreover, it will fall on the treasury team to decide on whether it actually puts funds at risk via the FIAT protocol; this proposal does not commit OlympusDAO to do anything aside from vote in favor of the initial gauge approval.
Support FIAT DAO in its initial foray into Curve Finance governance for a FIAT-3crv rewards gauge
Commit to support subsequent votes for other $FIAT-denominated pools, like FIAT-4pool