ConvexFinance
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Multisig Admin Rights

Convex Finance multisig can perform the following functions

    Update the stash factory.
      This is to make sure we can handle new gauge types on the Curve platform. Stashes control extra rewards (SNX, BOR, PNT, LDO, etc) by claiming them from the curve gauge and transferring them to Convex reward contracts.
    Update the pool manager.
      This is to make sure we can handle new types of pools on the Curve platform. Currently Convex pools can be created by anyone as long as they are in the Curve registry. However, if the registry format changes or a separate registry type emerges, we need to be able to adapt.
    Control the arbitrator vault.
      Before Curve v3 gauges, if two gauges have the same extra reward (currently stkAave) it is impossible to tell exactly how much each pool is entitled to. Thus if two pools share the same reward, these rewards are pushed to an arbitrator vault to later use off chain logs and redistribute to the appropriate pools.
    Change platform fees allocated to stakers within hard-coded ranges.
      10-15% for cvxCRV stakers rewards
      3-6% for CVX staker rewards
      0-2% for "treasury" fees. (This is an arbitrary address that can be used for various functions, thus the low limit of 2%)
      0.1 - 1.0% for "caller" fees. Gas reimbursement for calling gas heavy functions to harvest and distribute rewards.
      There is an absolute fee ceiling of 20%
    Set the "treasury address" and allocate up to 2% of platform fees back to this address.
      Currently this is set to 0%
    Controls the Convex Treasury Account. (info)
    Vote for Curve DAO proposals.
    Vote for Curve gauge weights.
    Set distribution weights on the Convex Master Chef.
    Shutdown/pause new deposits to Curve Pool staking contracts.
      Allows users to withdraw all funds
    Shutdown/pause new deposits to everything .
      Allows users to withdraw all funds
    Apply a new "operator" on the whitelisted proxy contract if and ONLY if the current operator is completely shutdown.
      After removing all liquidity from convex, the system can be shutdown and rebooted as a new version.
Convex Finance multisig does NOT have access to user funds in any way.
Last modified 2mo ago
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