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Gearbox · closed proposal

[GIP-122]: Incentivizing a crvUSD Stablecoin Pool on Lending Side

0x8464…8f20·ended 2y ago
Voters
41
GEAR voted
316.94M
Token price

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
316.94M / 200.00M GEAR(158%)
✓ Quorum met
For316.74M (99.9%)
Against101.03K (0.0%)
Abstain100.00K (0.0%)
316.94M GEAR · 41 votersblock 19713735

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Gearbox

Author: amplice

Summary:

Incentivize crvUSD stablecoin pool (if/when it is added) with GEAR to bootstrap initial liquidity into the pool.

Motivation

One of our goals at Gearbox is to grow TVL as large as possible, which means doing whatever we can to attract more DeFi users to either provide liquidity on the lending side, or use leverage on Gearbox (or both). The Curve ecosystem is one of the largest in DeFi, with a proven track record of being able to attract users. Curve's crvUSD is growing in popularity and is one of the largest decentralized stablecoins on the market at the mo…

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