What'up on Curve ? #78

May 03, 2022

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 ?

0xChaos @0xCha0s

4pool vote live in mainnet 👀 @terra_money 🤝 @fraxfinance Excited to see how adoption ramps once gauge is approved. $luna $ust x $fxs $frax

lejimmy.ust 🌕 @lejimmy

👀 https://t.co/bSaWFQ9TUR

Did you really think that MakerDAO will lose without fighting ? You can find a summary here

monetsupply.eth @MonetSupply

Introducing the Basepool: a proposed partnership between @MakerDAO and @CurveFinance that offers unrivaled capital efficiency for stablecoin liquidity pools Read the draft proposal here (split into two options, A & B): docs.google.com/document/d/1Yy… TL;DRs in the tread below 1/19

docs.google.comBasepool Curve Pool and Maker Partnership Proposal (A/B versions)Proposal Version A Summary This proposal would create a new pool (tentatively named Basepool) including DAI, USDC, USDP, and GUSD. MakerDAO would commit to onboarding the Basepool as a collateral type with high maximum leverage and low stability fees, allowing LPs to efficiently increase pool l...

Vote to add a gauge on the highly used USDC pool on Avalanche

Curve Finance @CurveFinance

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 DAO dao.curve.fi/vote/ownership…

vote.convexfinance.comSnapshot

Some concerns about the XST-3CRV pool

fiddy @_bout3fiddy_

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). Yeah. No.

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.

Stake DAO @StakeDAOHQ

After… 90 comments. 144 votes. 10 days of discussion on Twitter, TG and Discord. 5 DAOs: @CurveFinance, @fraxfinance, @AngleProtocol, @ConvexFinance, and yours truly. 1 agreement. Now is the time to go from 💬 to 🗳 Curve dao.curve.fi/vote/ownership… Convex snapshot.org/#/cvx.eth/prop…

snapshot.orgSnapshot

Curve and $CRV elsewhere

It seems that Startgate will join the Curve War very soon 👀

Stargate @StargateFinance

For those of you who staked your STG, please go to Snapshot and cast your vote. The following two proposals are now up for voting: snapshot.org/#/stgdao.eth/p…

snapshot.orgSnapshot

New Pools

TheCitadel_DAO is starting to boostrap the BTC/4pool

Spada₿oom 🦡 @spadaboom1

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. - Creates deep liquidity & influence for BTC/4Pool - Increases the BTC backing of UST TLDR; we like the 4pool

agora.terra.money[Proposal] Terra x Citadel DAO - Accelerating the growth of BTC/4poolThis proposal was reviewed and collaborated on with the TFL team prior to posting Summary To further align the two DAO’s, accelerate Terra’s yield influence, grow Terra’s BTC treasury and support the growth of 4pool on Curve, we’re proposing the Terra Community Pool joins Frax Finance in participa…

General stuffs 🤤

A new player ? Abracadabra wrote a proposal to Whitelist Abracadabra mCRV Voter Contract.

🧙🏼‍♂️ @MIM_Spell

🧙🏼‍♂️! The proposal to whitelist MagicCRV in the @CurveFinance DAO is now up for discussion!🗣🔥 🗳 Read the proposal: gov.curve.fi/t/proposal-to-… 📖 Read more about MagicCRV: abracadabramoney.medium.com/magiccrv-is-co…

abracadabramoney.medium.comMagicCRV is coming!We are happy to announce that the proposal to whitelist MagicCRV is now up on the Curve Dao governance forum!

Abracadabra is starting to accumulate $CRV.

DefiMoon 🦇🔊 @DefiMoon

So Abra purchased 5.78m $CRV @ $2.33 from Alameda via FTX for their upcoming magicCRV (mCRV) launch: etherscan.io/tx/0xe4e17a665… That purchase took out 90% of CRV on deposit at FTX, only about 575k CRV left 👀👇 $SPELL $MIM #Defi

🧙🏼‍♂️ @MIM_Spell

🧙🏼‍♂️! The proposal to whitelist MagicCRV in the @CurveFinance DAO is now up for discussion!🗣🔥 🗳 Read the proposal: https://t.co/QuLpNbltwv 📖 Read more about MagicCRV: https://t.co/B9SziNxoWy

Is it time to reduce fees ?

Curve Finance @CurveFinance

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 efficient