Governance votes

As a vlCVX holder, Convergence can vote on Convex, Curve, Frax, Prisma, and F(x) governance proposals. The voting power held by Convergence is delegated to CVG, via the mgCVG locking primitive.

Voting rules

Quorum:

• A 15% quorum is needed to deploy voting power (15% of mgCVG votes).

Single choice votes:

• The full vlCVX voting power will be deployed to vote for the option that receives the most votes.

Weighted votes:

• The full vlCVX voting power will be deployed, proportionally weighted to mgCVG votes.

For example, if 50% of mgCVG voted "A", 25% voted "B", and 25% voted "C", Convergence will then deploy all its vlCVX votes accordingly.

All governance votes will be followed in Convergence's metagovernance.