Deployment shouldn’t take more than a week or so. Changes to UI might be a tad bit longer due to scheduling, maybe about 30 days give or take.
I hope these concerns are well addressed at the committee review level since 2 delegates have already pushed it up.The reply from Tommy below in my opinion did not address the concerns raised. There should be a good precedence.
The proposal will be resubmitted as core details as to who the requesting parties were changed after the delegate approvals.
I’m changing the proposal back to [DRAFT] and going to update the recipient address. There has been confusion about the distinction between Curve team/community, who is veFunder and are they endorsed by Curve? Curve has tweeted a response to these questions that acknowledges the proposal and endorses veFunder multisig as a good recipient address:
However, we’ve discussed more on the possibility of doing this with a trustless contract, which would alleviate any questions about who the recipient is. A Curve core dev is writing and deploying the contract. To be clear, the requesting party of this grant is Curve, and that won’t be changed.
This method to receive grant funds trustlessly can also be referenced in the future for other teams who have legal concerns around custody of user funds, or who are unable to kyc.
I am withdrawing my approval of this proposal due to significant changes being made after receiving delegate approval.
Proposal has been updated with some important information:
Curve has deployed a cross-chain governance solution that allow it to trustlessly manage OP on Optimism.
The recipient address has been updated to be the L2 vault contract.
Votium has deployed its contracts for vote incentivization on Optimism. This allows any protocol to deposit incentives for any Curve gauge, and veCRV voters can claim rewards after voting for respective gauges.
Proposal is seeking to be included in cycle-8.
Voting no due to the confusion and lack of clarity about the author and where the responsibility of this proposal is from as pointed out by many others.
Will bribing on Optimism be available for all protocols? Or will it only be used for this grant?
I am an Optimism delegate with sufficient voting power and I believe this proposal is ready to move to a vote.
I am one of the Synthetix Ambassadors, and a member of the Defi Shadow Committee.
I am an Optimism delegate [Delegate Commitments - #65 by mastermojo ] with sufficient voting power, and I believe this proposal is ready to move to a vote.
Available for all protocols. For now, only $OP is whitelisted for deposits, but we are open to adding other assets as well, so long as they meet our liquidity requirements for listing.
Due to minimum vote requirements on Convex, for now we’ve only added Optimism for veCRV votes per a conversation with the proposal authors, but we are still open to adding it for vlCVX down the road if there is demand for it.
Detailed proposal to distribute a fixed quantity of Op per week. Distribution depends somewhat on pools & veCRV voters.
Curve is already very well established as a key DeFi platform and is integrated with many other projects. Strong market fit has been demonstrated.
Roughly 4,000 addresses have used Curve on Optimism and the current TVL is ~$56 million. Very strong track record on all counts.
42,069 OP/Week for 12 weeks between 5 gauges
Yes, but variable based on veCRV voting.
Not Optimism native, but states that their goals and future success depend on the reduced fees available on L2. Already deployed on a lot of L1s and L2s, Votium deplyment is alligned with OPtimism
TVL growth & Market Share on Optimism
Although $OP requested by this grant is focused towards liquidity, we are happy to support.
- Target L1 applications with PMF - Foundation Guidelines
- From last community call, it seems protocol trusted protocol, like AAVE, are more successful with OP grant and as a time tested protocol Curve has earned community trust.
Our past recommendation is available on committee recommendation thread
Voted yes - Following Defi Committee C recommendation and appreciate feedback being incorporated and the proposal being updated, thank you!
I am going to follow committee recommendation here and vote for this. Nice to see the team take feedback into account and looking forward to seeing the implementation of this proposal.
Snapshot vote - passed
@WormholeOracle can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant! Feel free to comment on this thread, DM, or email email@example.com
While the Optimism Foundation typically does not publicly discuss details of individual or project grant recipients, we wanted to provide some context for the community members looking for more transparency around the Curve grant.
To comply with laws and regulations, Optimism’s processes require that we KYC all grant recipients. We recognize that the KYC process is not an ideal solution for all organizations, which is why we ask applicants to acknowledge the KYC requirement during the application phase of grants. Curve’s contributions to the Collective are significant and very much valued, which is why we’ve made attempts above and beyond our typical process to accommodate Curve.
We appreciate all that Curve does in the Optimism Collective, and have assured their team that the grant will remain available to be claimed as soon as a Curve representative passes KYC.