Hey my Friends, let me explain $CNC @ConicFinance as the 3rd layer of the @CurveFinance ecosystem !
Small mcap, no VC or Private sales and just launched the Omnipools!
Let's dive a bit ! π§΅π
Small mcap, no VC or Private sales and just launched the Omnipools!
Let's dive a bit ! π§΅π
What is an Omnipool ?
Omnipools are liquidity pools that allocate a single underlying asset across various pools.
In Conic Finance, the single assets currently are USDC, FRAX and DAI stablecoin allocated to various Curve Pools
Omnipools are liquidity pools that allocate a single underlying asset across various pools.
In Conic Finance, the single assets currently are USDC, FRAX and DAI stablecoin allocated to various Curve Pools
Conic will do the job for you,
They will re-direct all the liquidity to Curve pools and rebalance in order to Maximize the generated yield
They will re-direct all the liquidity to Curve pools and rebalance in order to Maximize the generated yield
Why a 3rd Layer?
Because Conic will staked the Curve LP tokens on Convex to boost CRV earnings & to receive CVX.
1st Layer: @CurveFinance DEX AMM
2nd Layer: @ConvexFinance DeFi Boost plateform for Curve LP's
3rd Layer: @ConicFinance Omnipool allocated to various Curve Pools
Because Conic will staked the Curve LP tokens on Convex to boost CRV earnings & to receive CVX.
1st Layer: @CurveFinance DEX AMM
2nd Layer: @ConvexFinance DeFi Boost plateform for Curve LP's
3rd Layer: @ConicFinance Omnipool allocated to various Curve Pools
Why $CNC and vlCNC ?
Holders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conicβs Liquidity Allocation Votes (LAVs).
= $CNC is about direct liquidity Gov decisions
Holders can lock their CNC tokens for vlCNC to participate in Conic governance and directly control how liquidity is allocated across Curve pools by participating in Conicβs Liquidity Allocation Votes (LAVs).
= $CNC is about direct liquidity Gov decisions
Why Choose $CNC instead of $CRV or $CVX?
- You don't have to choose a pool
- You only put your Stablecoin at work
- You earn $CRV and $CVX, Omnipool LPs also earn also $CNC rewards.
- You don't have to choose a pool
- You only put your Stablecoin at work
- You earn $CRV and $CVX, Omnipool LPs also earn also $CNC rewards.
Bribes?
Well, most probably yes. $CNC will sit on growing TVL / Stablecoin Liquidity to be allocate across various curve pools.
Bribers may realise to re-direct emissions to their pools it may be interesting to bribes $CNC holders or to buy directly $CNC to redict them.
Well, most probably yes. $CNC will sit on growing TVL / Stablecoin Liquidity to be allocate across various curve pools.
Bribers may realise to re-direct emissions to their pools it may be interesting to bribes $CNC holders or to buy directly $CNC to redict them.
$CNC War ?
War is mainly about directing the most vote to their own curve pools.
So I believe protocols will either buying $CNC or bribe, as mention above.
War is mainly about directing the most vote to their own curve pools.
So I believe protocols will either buying $CNC or bribe, as mention above.
Where things comes tricky but interesting !
The Implication of Conic with crvUSD ?
-crvUSD will be an overcollaterized stablecoin (mostly $ETH)
-crvUSD doesn't work w/ liquidation threshold
-Colleteral will be rebalancing with price movement to reduce liquidation risk &bad debt
The Implication of Conic with crvUSD ?
-crvUSD will be an overcollaterized stablecoin (mostly $ETH)
-crvUSD doesn't work w/ liquidation threshold
-Colleteral will be rebalancing with price movement to reduce liquidation risk &bad debt
- During rebalancing and minting, their is arbitrage profit to be made from discounted collateral = crvUSD premise
- Conic implication : crvUSD as an omnipool
- Omnipool will test arbitrage opportunity within the same block (Flash Loan)
- Conic implication : crvUSD as an omnipool
- Omnipool will test arbitrage opportunity within the same block (Flash Loan)
-if their is an arbitrage opportunity, the tx will goes through
-crvUSD omnipool will make liquidation returns
To sum-up:
High Collateralization ratio deposit from User A in CNC Omnipool will be use to deleverage low collateralization ratio deposit from User B in CNC Omnipool.
-crvUSD omnipool will make liquidation returns
To sum-up:
High Collateralization ratio deposit from User A in CNC Omnipool will be use to deleverage low collateralization ratio deposit from User B in CNC Omnipool.
1- User A returns will outweight interest fees by providing liquidation protection from user B.
2- User B pays with arbitrage losses.
2- User B pays with arbitrage losses.
v2 is just out and running !
- Lock customization : from 4 to 8 months
- Rewards tokens ($CRV, $CVX)
- boosted vlCNC balance with increase lock time (no longer 1:1) : From 1x to 1,5x
- LP Boosted
- Lock customization : from 4 to 8 months
- Rewards tokens ($CRV, $CVX)
- boosted vlCNC balance with increase lock time (no longer 1:1) : From 1x to 1,5x
- LP Boosted
Note :
- v1 locker and veCRV can apply for a boost for 1st lock in v2!
More in :
- @ConicFinance/v2-locker-guide-a028a8190b84" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
- @ConicFinance/conic-is-live-1bce3ff56d75" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
- v1 locker and veCRV can apply for a boost for 1st lock in v2!
More in :
- @ConicFinance/v2-locker-guide-a028a8190b84" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
- @ConicFinance/conic-is-live-1bce3ff56d75" target="_blank" rel="noopener" onclick="event.stopPropagation()">medium.com
On an other note,
-$CNC total supply is quite low.
-Mcap still at approx 40M$ time of writting
-$CNC incentive to use of their protocol
- When war?
-$CNC total supply is quite low.
-Mcap still at approx 40M$ time of writting
-$CNC incentive to use of their protocol
- When war?
Tagging some friends just for their views:
@0xTindorr
@DeFiMinty
@crypthoem
@Chinchillah_
@Only1temmy
@ViktorDefi
@TheDeFISaint
@Louround_
@DeFi_Cheetah
@0xTindorr
@DeFiMinty
@crypthoem
@Chinchillah_
@Only1temmy
@ViktorDefi
@TheDeFISaint
@Louround_
@DeFi_Cheetah
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