Curve Finance applies for 1 million OP grant from Optimism
- July 26, 2022
- 0
The optimism tier 2 Ethereum community has been asked to vote for a grant of 1 million OP tokens (~$770,000) to the Curve Finance DeFi protocol. A (draft)
The optimism tier 2 Ethereum community has been asked to vote for a grant of 1 million OP tokens (~$770,000) to the Curve Finance DeFi protocol.
A (draft) proposal to receive an OP grant @optimismFND https://t.co/54NpiBYUIX
— Curve Finance (@CurveFinance) July 24, 2022
At the time of writing, Curve’s locked assets on Optimism are valued at $17.3 million ($6.13 billion across all networks). Weekly trading volume – $3.4 million.
According to the proposal, 1 million OPs will be distributed among LP liquidity providers in equal shares of 50,000 coins over 20 weeks.
The funds will act as incentives for LPs, increase liquidity and also contribute to attracting additional volumes of intermediate assets to the protocol. The author of the proposal stated that expanding the use of the Ethereum scaling solution will reduce gas costs.
Currently there are three Curve pools in Optimism: sUSD, sETH and sBTC. Their numbers are expected to increase over time.
The share of pools in the OP’s weekly distribution will be determined by the protocol community’s vote.
Recall that the optimism team held an OP airdrop among 232,000 users in June.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
