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Conic Finance
Conic Finance (CNC) is a protocol on Ethereum that introduces "Omnipools" for liquidity provision across multiple Curve pools. CNC is its governance token, which can be locked for voting power on liquidity allocation.
Distributed
Description
Conic is a protocol on Ethereum that introduces "Omnipools", which are liquidity pools where users can deposit a single asset. Each Omnipool allocates liquidity to a set of whitelisted Curve pools. The distribution between the Curve pools is determined by liquidity allocation weights which represent the share of an Omnipool's total liquidity that should be supplied to each Curve pool. Liquidity providers (LPs) of an Omnipool can gain exposure to multiple Curve pools via a single Omnipool LP token. CNC is the governance token for Conic Finance. In order to participate in Conic governance, holders of CNC must lock their CNC for vote-locked CNC (vlCNC). CNC can be locked for a period of four to eight months in exchange for vote-locked CNC (vlCNC). The longer users lock their CNC, the higher their vlCNC balance will be. Furthermore, users can provide liquidity in a Conic Omnipool which applies an additional boost to their vlCNC balance. Every two weeks vlCNC holders can vote on how each Conic Omnipool should allocate its liquidity across different Curve pools during what is called a liquidity allocation vote. Each liquidity allocation vote takes place on the Conic Snapshot where users can allocate their voting power to whichever Curve pools they'd like liquidity to be allocated to.Grant Funding
VC Funding
None
2023
$0
$1M