📃Very ambitious proposal for @yieldbasis launch: 🔥60m pre-mint allocation of $crvUSD for 3 pools $wBTC - crvUSD, $cbBTC - crvUSD and $tBTC - crvUSD 🔥veCRV gets control of allocated $YB emissions 🔥20% of total $YB inflation under control of CurveDAO (veCRV) 🔥 $YB allocation to be used as voting incentives to veCRV/vlCVX to build up liquidity for crvUSD/USDC, crvUSD/USDT, crvUSD/pyUSD, crvUSD/USDf, crvUSD/frxUSD pools. Not sure how I feel about pre-minting so much crvUSD given that we don't know how close the real-world performance will be to the simulation results! Maybe YieldBasis could do some kind of bootstrapping program to obtain initial crvUSD liquidity for the three bitcoin pools (bonding, token sale etc..) $CRV $CVX
Proposal (not a vote yet) for @CurveFinance governance to premint crvUSD to @yieldbasis. In this proposal I estimate what will Curve get from Yield Basis operation. This is posted a little bit in advance of YB deployment, so feel free to comment!
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