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.
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.
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.
@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