Welcome to the unofficial Curve’s newsletter.
I hope I didn’t forget something.
If it’s not already the case, remember that you can subscribe to this Newsletter, so you won’t miss it ! Subscribe below 👇
Vote and proposal
Do you remember that the 4pool was supposed to kill DAI ?
2 recent gauge votes show the DAO must give more scrutiny to what it votes for:— W⬡rmholeOracle (@WormholeOracle) April 18, 2022
1⃣ BEAN-3CRV: the protocol wasn't time tested and, while hindsight is 20/20, it had some red flags
2⃣ JPEG-ETH: flubbed the vote with the wrong address
Responsibility is boring, we need more boring
Did you really think that MakerDAO will lose without fighting ? You can find a summary here
Introducing the Basepool: a proposed partnership between @MakerDAO and @CurveFinance that offers unrivaled capital efficiency for stablecoin liquidity pools— monetsupply.eth (@MonetSupply) April 29, 2022
Read the draft proposal here (split into two options, A & B): https://t.co/q5Sf5ltzPH
TL;DRs in the tread below
Vote to add a gauge on the highly used USDC pool on Avalanche
Putting that for a vote again: USDC.e/USDC gauge on Avalanche. It exchanges between bridged USDC and "real" USDC. Due to high demand, it actually has a high volume and brings good fees for the DAOhttps://t.co/mR8OjPVSX5https://t.co/UqHSYgBo7x— Curve Finance (@CurveFinance) April 29, 2022
Some concerns about the XST-3CRV pool
So XST-3CRV has a gauge proposal up with shady oracles, shady reply guys posting on the gov forum, a gauge ownership bribe (its a big no no from my point of view).— fiddy (@_bout3fiddy_) April 30, 2022
Following the Drama last week, some nice discussions happened (when you removed all the noise coming from StakeDAo’s fanboys congratulating each others ^^). Let’s see if this vote will pass or not.
After…— Stake DAO (@StakeDAOHQ) May 2, 2022
10 days of discussion on Twitter, TG and Discord.
5 DAOs: @CurveFinance, @fraxfinance, @AngleProtocol, @ConvexFinance, and yours truly.
Now is the time to go from 💬 to 🗳
Curve and $CRV elsewhere
It seems that Startgate will join the Curve War very soon 👀
TheCitadel_DAO is starting to boostrap the BTC/4pool
On behalf of the @TheCitadel_DAO community I've proposed that @terra_money participate in the Citadel DAO public launch event with up to $21M.— Spada₿oom 🦡 (@spadaboom1) May 2, 2022
- Creates deep liquidity & influence for BTC/4Pool
- Increases the BTC backing of UST
TLDR; we like the 4poolhttps://t.co/ZLBdMDxQXJ
General stuffs 🤤
A new player ? Abracadabra wrote a proposal to Whitelist Abracadabra mCRV Voter Contract.
Abracadabra is starting to accumulate $CRV.
So Abra purchased 5.78m $CRV @ $2.33 from Alameda via FTX for their upcoming magicCRV (mCRV) launch:https://t.co/u6HbKA3Cs0— DefiMoon 🦇🔊 (@DefiMoon) May 1, 2022
That purchase took out 90% of CRV on deposit at FTX, only about 575k CRV left 👀👇$SPELL $MIM #Defi https://t.co/1olxxXmsyC pic.twitter.com/nhTnQIjjjP
Is it time to reduce fees ?
A surprising simulation by @nagakingg shows that if 3pool fees are reduced to 1 bps, although 3pool earnings may decrease, the total DAO earnings will increase due to metapools being more efficienthttps://t.co/e6Shzz7Wb6— Curve Finance (@CurveFinance) May 3, 2022
Boosts are now available on sidechains 🤯
Boosts on sidechains are here! Please move your votes to new gauges (before Thursday is the best) and get prepared to migrate liquidity to the new gauges alsohttps://t.co/dhmdAruzXX— Curve Finance (@CurveFinance) May 1, 2022
Unauthorized fork getting exploited ! This is why we love and use Curve ! Often imitated, but never equalled !
Saddle finance, an unauthorized fork of @CurveFinance getting exploited. 👀— CryptoCondom (@crypto_condom) April 30, 2022
Guess that 1 year vesting @saddlefinance airdrop $veCRV folks got isnt going to be useful afterall. kek. https://t.co/HnSMZUD4HP
From the community
The most liquid asset 😱 It’s a troll ????
It has taken a while but the daily 100sma is finally below the guppies. Quite different macro conditions, but if anything is going to be a leading indicator of the entire crypto space it'll be the most liquid asset. $crv pic.twitter.com/BcMk4tU0QK— Captain Rational 🧮📐✏️ (@noahseidman) May 2, 2022