Odaily Planet Daily reports that Curve Finance has released governance proposal #1252, proposing to introduce an "Emergency DAO" multi-signature mechanism for crvUSD and LlamaLend to improve system security before supporting yieldbasis and relief and further scaling. The proposal is currently open for community feedback, with voting ending on November 12th.

According to the proposal, the Emergency DAO will share the authority to adjust some key risk parameters with the Curve DAO, including:

1. Lower the debt ceiling related to crvUSD (applicable to modules such as YB and Flashminter);

2: Adjust AMM fees, monetary policy, and liquidity incentive parameters;

3: Manage loan discount mechanism (non-mandatory liquidation);

4: Set a maximum deposit limit for Vault.

Curve stated that this move aims to enhance the system's flexibility in responding to extreme market conditions and ensure that the risks of the core stablecoin and lending modules are manageable.