What'up on Curve ? #77

Welcome to the unofficial Curve’s newsletter.

I hope I didn’t forget something.

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Vote and proposal

Paladin would like to add a gauge to the PAL/ETH pool. Vote here

Paladin 🗳️ (🛡️,🛡️) @Paladin_vote

This week Paladin is even more about governance than usual 🗳️🔥 We just asked the @CurveFinance DAO to benefit from the gauge controller's emission ! All support will be highly appreciated gov.curve.fi/t/proposal-to-…

gov.curve.fiProposal to add PAL-ETH to the Gauge ControllerSummary: Proposal to add the PAL/ETH pool to the Gauge controller to enable users to assign a gauge weight and mint CRV. Abstract: Our proposal aims to deepen the PAL/ETH liquidity and provide a way to activate synergies between Curve and Paladin. Paladin is a governance lending protocol that in…

There are actually a lot of proposals to add pools to the Gauge Controller. You can have a look here

Daily Drama 😱

Not a week goes by without its drama. This is also why we like Curve !

ManuRedPills @ManuRedPills

Everebody interested in the "curve wars" and @StakeDAOHQ should take some time to vote on this proposal ! (Voting is gasless) Future of France is here! 👇 gov.curve.fi/t/proposal-to-…

gov.curve.fiProposal to add sdTokens tokens pools to the gauge controllerSummary: Proposal to add 3 pools : sdCRV/CRV, sdFXS/FXS and sdANGLE/ANGLE pools to the gauge controller. References: Stake DAO: Website: https://stakedao.org/ Documentation:Introduction - Stake DAO Github Page:Stake DAO · GitHub Twitter/Discord/Telegram: https://twitter.com/StakeDAOHQ/ - Disc…

Quickly some concerns started to arise in the community

CryptoCondom @crypto_condom

📢 I would encourage every @CurveFinance & @ConvexFinance token holder to go exercise your right to governance by posting an opinion on @StakeDAOHQ's proposal at: gov.curve.fi/t/proposal-to-… I have copied of the most eloquent arguments against this proposal from 0xLeibniz below.

You can read this amazing summary to stay up to date

crv.mktcap.eth @CurveCap

April 25, 2022: Elephant in the Room 🐘🥩 @StakeDAOHQ governance vote revives whitelist debate curve.substack.com/p/april-25-202… feat. @crypto_condom @gggonecrypto @0xUtilitarian @YettyWapp @Tetranode @0xMoves @DefiDividends @Cryptoyieldinfo @0xCha0s @bneiluj @ManuRedPills @zencephalon

curve.substack.comApril 25, 2022: Elephant in the Room 🐘🥩Stake DAO governance vote revives whitelist debate

Nevertheless, Curve made a comment

Curve Finance @CurveFinance

Disagreeing with this take. In the proposal, veSDT which boosts the voting power of non-locked tokens has a very long locktime by itself. Of course, extra safety mechanisms (for example voting with unlocked sdeCRV only possible when they are boosted with veSDT) would be welcome

CryptoCondom @crypto_condom

A @StakeDAOHQ prelim proposal is @ https://t.co/XEb7dxADUl. It proposes the creation of a fully liquid veCRV w/ governance power preserved. ⚠The proposal appears to circumvent BOTH veCRV locking & the whitelist requirement. ⚠️ I D🚫 NOT recommend this https://t.co/HjfCxV0Gjs https://t.co/fyogz9b61O

But the community remains sceptical about the intentions behind this proposal

DefiMoon 🦇🔊 @DefiMoon

🦊Nov 18, 21: "Convex did vampire attack Curve months ago." 🤡 🦊Apr 25, 22: "I like Convex a lot and we all share the same vision of this space: make society a better place." 🤡 🤡 $SDT $CRV $CVX #DeFi

Julien Bouteloup - bneiluj.eth @bneiluj

@dddthreepo @crypto_condom @StakeDAOHQ @Tetranode Stake DAO has been providing value to Curve for the past 15 months. It was the second protocol to get listed on Curve and have strategies. I like Convex a lot and we all share the same vision of this space: make society a better place. CVX + CRV + SDT all here to win together 🚀

Curve and $CRV elsewhere

Will we see JPEG’d join the battlefield ?

0xMoves @0xMoves

Looking forward to seeing @JPEGd_69 enter the Curve wars. ✅ Gauge vote approved. ✅ $CVX being accumulated. Expecting some fresh new bribes on the way for this upcoming @VotiumProtocol round. etherscan.io/token/0x4e3fbd… $JPEG $CRV

If you want $CRV, should buy some before it’s too late

Convex Finance @ConvexFinance

👀

InverseFinance takes up arms ⚔️

patb | Inverse Finance @patb

Great work by the Treasury and Dev teams at @InverseFinance in launching our first strike in the @CurveFinance wars in collaboration with the team at @iearnfinance ...

curve.fiCurve.fiCurve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.

New product on Element Finance

Element Finance @element_fi

1/ Happy Saturday, everyone! A new crv3crypto 6 month-term is live! The new term is netting 4.92% APY & 6.17% Fixed APR! Follow the thread and find out how to get exposure to fixed rates 🔥

General stuffs 🤤

Will we see Synthetix’s bribes on Votium one day ?

J◎n Galt☀️ @JonGalt14

Today I noticed that the highest bribe (by ~4%) on bribe.crv.finance is from @synthetix_io, which is getting more serious about making $130m market cap $sUSD a contender. Interesting because Synthetix has never offered a bribe on @VotiumProtocol.

Very nice thread ! Things are not always easy !

Jeremy Ong @jeremyongws

1/ Currently seeing a lot of talk about how bribing veCRV produces higher CRV emissions per dollar bribed vs bribing vlCVX via Votium / Hidden Hand. Choosing between bribing vlCVX and veCRV is not as straightforward as there are many other factors at play.

The MAI3Ppool was on 🔥

Qi Dao @QiDaoProtocol

👻 On @FantomFDN the $MAI 3Pool is TOP 1 by volume on @CurveFinance with $12M and TOP 10 by TVL with $17.2M🔥

Fees were slightly elevated ! Wait for a clear increase 😂

Curve Finance @CurveFinance

v2 time! Due to a bunch of new v2 pools being accepted into fee conversion process by the DAO, earnings this week will be slightly elevated

From the community

Long life to DEFI 🥳

DefiMoon 🦇🔊 @DefiMoon

Got this screencap recently via PM.....the future of #DeFi is very bright 🌝 Imagine paying 0.9% per year to hold your $EUR on TransferWise instead of earning 5-10% on @CurveFinance I'll say it again: Everyone farm-dumping $CRV is scamming themselves🤦‍♀️🤦🤦‍♂️

That was fast ! cvxCRV at peg

DefiMoon 🦇🔊 @DefiMoon

Due to very large trades today by one🐳, $cvxCRV - $CRV pool is 1:1 👀👀👀😍 Even small CRV -> cvxCRV = negative slippage! It's now more profitable to🔒CRV directly on Convex to obtain cvxCRV for staking or to LP in this pool. #TheLockening🔒🚀🚀🚀🚀🚀🚀...... $CVX ....