Curve Finance seeks a 1 million OP grant from Optimism

The Ethereum layer-2 network Optimism community was invited to vote on awarding a grant of 1 million OP tokens (about $770,000) to the DeFi protocol Curve Finance.

A (draft) proposal to get an OP grant from @optimismFND https://t.co/54NpiBYUIX

— Curve Finance (@CurveFinance) July 24, 2022

As of writing, the value of Curve’s locked assets on Optimism stands at $17.3 million (for all networks, $6.13 billion). Weekly trading volume is $3.4 million.

Under the proposal, 1 million OP will be distributed among liquidity providers (LPs) over 20 weeks in equal installments of 50,000 tokens.

The funds will serve as incentives for LPs, increase liquidity, and help attract additional volumes of intermediate assets to the protocol. Expanding the use of Ethereum scaling solution решения для масштабирования Ethereum will reduce gas costs, the author of the proposal noted.

Currently there are three Curve pools on Optimism: sUSD, sETH and sBTC. It is expected that their number will grow over time.

The share of pools in the weekly OP distribution will be determined by the protocol’s community vote.

Earlier, in June the Optimism team conducted an OP airdrop among 232,000 users.

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