📩 Boosted Vote Strategy
Empower your vote
Boosted Vote Strategies are currently exclusively available for Curve.
🤔 What is the Boosted Vote Strategy?
Some sdCRV holders are more interested in boosting their influence in governance decisions than just yield. This is where the vsdCRV comes in. The vsdCRV allows sdCRV holders to maintain their voting power while still benefiting from the yield. This is particularly useful for users who want to actively participate in governance decisions without sacrificing their potential rewards.
⚙️ How does it work?
sdCRV holders can deposit their sdCRV into the contract to receive vsdCRV. Users can also deposit their CRVs directly, and the conversion will be made automatically.
Similar that on Concentrator, veSDT holders can delegate their voting rights to the vsdCRV, in exchange for the yield normally claimable by sdCRV holders. (except the vote incentives one).
With this strategy, vsdCRV holders can boost their voting power and vote on sdCRV and sdCRV-gov snapshot spaces as they wish. They are also eligible for vote incentives like any other voter who voted for a gauge with vote incentives.
Through the Boosted Vote Strategy, Stake DAO now offers the ability to provide boosted voting power on users' CRV without the need for them to individually hold veSDT.
Here is a diagram detailing the architecture:
📝 In Summary
Step 1A: Deposit CRV or sdCRV
Deposit CRV or sdCRV on the Boosted Vote Strategy contract to receive vsdCRV.
Step 1B: Delegate veSDT
Delegate your veSDT to the Boosted Vote Strategy contract to boost the voting power of vsdCRV holders.
Step 2A: Benefit from veSDT Boost
vsdCRV holders benefit from the veSDT boost delegated to the Boosted Vote Strategy contract by veSDT holders. In exchange, veSDT holders receive all the rewards (CRV platform fees, 3CRV trading fees, and SDT incentives, except votes incentives ones) that are normally claimable by vsdCRV holders.
Step 2B: Claim Rewards
As a veSDT delegator, you can claim the rewards that are normally claimable by vsdCRV holders.
Step 3: Vote with Boosted Power
vsdCRV holders can vote on sdCRV (opens in a new tab) and sdCRV-gov (opens in a new tab) snapshot spaces as they want, with a boosted voting power.