Contract Address : 0xd533a949740bb3306d119cc777fa900ba034cd52
|Market Cap Dominance||0.03%|
|Volume / Market Cap||0.5976|
|24h Low / 24h High||$2.11 / $2.46|
|7d Low / 7d High||$2.05 / $2.55|
|Market Cap Rank||#101|
|All-Time High||$54.01 -95.6%|
|Aug 14, 2020 (7 months)|
|All-Time Low||$0.331577 623.1%|
|Nov 05, 2020 (4 months)|
“The main purposes of the Curve DAO token are to incentivize liquidity providers on the Curve Finance platform as well as getting as many users involved as possible in the governance of the protocol. Currently CRV has three main uses: voting, staking and boosting. Those three things will require you to vote lock your CRV and acquire veCRV. CRV can now be staked (locked) to receive trading fees from the Curve protocol. A community-lead proposal introduced a 50% admin fee on all trading fees. Those fees are collected and used to buy 3CRV, the LP token for the TriPool, which are then distributed to veCRV holders.” - @ProHodler
I propose we whitelist, co-invest and incentivize a pool for Curve Dao’s CRV token with Liquidity Mining Rewards.
As it stands right now the Curve token serves as a multiplier on rewards for LP providers on curve that lock them up in terms of 1, 2 , 3, or 4 years. Each one of these tiers unlocks your tokens after the time has passed but it does it in a deflationary manner, with the only way to get the same amount of tokens out that you put in being to stake for a 4 Year period. The use-case for this token also extends beyond into many yield aggregators. The combinations of all the different uses for CRV are important because it shows that we are co-investing into a token that does not abuse It’s inflation.
As of today the ETH-CRV pairs on both Uni and Sushi are performing spectacularly, but their lack of good or any incentives give us a ripe opportunity to draw some of that liquidity into Bancor.
Some Stats :
As we can see from the Stats roughly 1/4 of the Sushi CRV liquidity is being actively utilized for profit, and on uni its about a 50% utilization ratio, making them some of the best performing pools out there.
In addition to the Whitelist and Co-Invest I do believe LM rewards are necessary for this pair since current Onsen Rates are roughly 35% and permanent, but our rates are much more competitive and they are still missing the key element and value of IL Protection.