Summary

As previously announced through socials, Inverse Finance has entered the Curve Wars!

Inverse Finance is using a range of techniques to secure veCRV voting weight, from partnerships (see Yearn partnership https://www.inverse.finance/governance/proposals/mills/21), private deals with whales and "bribing" using services such as Votium.

It has been deemed more capital efficient for Inverse Finance to use INV tokens as "bribes" in the curve wars than offering them directly as rewards on Anchor. Therefore, we propose to reduce the current INV rewards for DOLA-3Pool on Anchor to 0. This frees up an additional 950 INV per month that can be reallocated to Curve bribes instead, leading to more DOLA-3Pool liquidity than the $6.72m that these 950 INV currently attract within Anchor.

At the time of writing, there is $23.1m DOLA-3Pool liqudity in Convex, so if 100% of the $6.61m liquidity on Anchor disappears, the DOLA peg will still remain strong.

On-chain action: Reduce DOLA-3Pool Anchor INV rewards to 0