YFI’s Andre Cronje Builds a Tool to Bribe Curve Token Holders, Proposes to Implement in DeFi Blue Chips Too
DeFi blue-chip project Yearn Finance creator Andre Cronje has released bribe.crv.finance 1.1.0 to add bribes for DAO votes.
As soon as bribe.crv.finance is updated, Cronje said, anyone will be able to deploy a DAO vote for a gauge, add bribes to have the DAO vote approved, and rent out other users’ unused veCRV to give you maximum boost.
Cronje first released this tool a couple of weeks back, allowing DeFi projects to bribe veCRV holders, the governance token of the automated market maker (AMM) Curve Finance, with token rewards in exchange for their votes.
Curve, the DeFi project which focuses on stablecoin swaps, conducts weekly governance voting to determine the allocation of CRV rewards to its various liquidity pools. Now, with the help of Cronje’s latest tool, DeFi protocols can bribe the holders to skew their votes in their favor.
Starting from today, Curve is taking a big step towards becoming more permisionless. The pool factory now comes with a gauge factory allowing anyone to create a gauge and a vote to receive CRV emissions.
— Charlie Watkins (@charlie_eth) August 25, 2021
Convex Finance first initiated this behavior, a project that boosts Curve staking, in April when it offered additional CVX tokens to those veCRV holders who vote to whitelist Convex in a Curve.fi governance vote.
“Anyone can deploy a curve gauge via the gauge factory, get the vote_id, and add bribes. Bribes only rewarded if vote passes and for voters who voted for/yes.”
— Anton Nell (@AntonNellCrypto) August 25, 2021
“Everyone, please let @AndreCronjeTech make bribing into a transparent on-chain behavior in your DAO, you know collusion is happening anyway; not everyone is positioned like a16z to give university grants or promises of jobs or whatever they do to astroturf since people are going to bribe and collude anyway, make it as easy as possible for anyone to transparently offer bribes rather than wink/nudge bullshit in back-rooms.”