Recommendation from DeFi committee C
Details
Detailed proposal to distribute a fixed quantity of Op per week. Distribution depends somewhat on pools & veCRV voters.
Value-Add
Curve is already very well established as a key DeFi platform and is integrated with many other projects. Strong market fit has been demonstrated.
Traction
Roughly 4,000 addresses have used Curve on Optimism and the current TVL is ~$56 million. Very strong track record on all counts.
Amount
504,828 OP
42,069 OP/Week for 12 weeks between 5 gauges
Co-incentives
Yes, but variable based on veCRV voting.
Alignment
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
KPIs
TVL growth & Market Share on Optimism
Recommendation:- YES
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