Thanks @nisa !
Yes – this proposal is to update a technical parameter for the approved proposal GIP-01. The updated value will make it so that the GFI rewards for staking the Curve LP position are more closely aligned with the APYs that users receive when staking FIDU-only.
If we do not update this parameter, the GFI rewards for staking the Curve LP position will be significantly lower than staking FIDU-only. As a result, it’s unlikely that we see meaningful FIDU-USDC liquidity deposited into the Curve pool, and so the benefits of GIP-01 would not materialize.