As Ethereum remains expensive to use and out of reach for many users discovering the wonderful world of DeFi, Curve has found itself porting on Fantom and Polygon with other chains planned. One of the issue with this is that finding deep enough liquidity without a new token or rewards can be difficult when a lot of protocols can offer high APYs as they launch and begin their emission schedule.
We explored different options to do so, many presenting issues and others good compromises like Ellipsis which rewards Curve and its holders but eventually we reached the conclusion that the better solution was to offer CRV rewards which is difficult as CRV has strict inflation schedule.
Eventually, a solution was developed which would allow to create gauges on other chains. Much like current gauges, veCRV holders could vote for them to assign CRV to them and stakers on respective chains would then receive it. Those gauges can be killed meaning if a chain was to fail, the DAO could choose to turn off CRV rewards.
This system could be used for all side chains and L2, present and future, and would allow veCRV holders to vote weight any gauge on any chain from Ethereum which will always remain the heart of Curve.
This thread is here to discuss why anyone might think this is a bad idea or if there are any issues we might have overlooked.
Fantom vote: https://dao.curve.fi/vote/ownership/47
Polygon vote: https://dao.curve.fi/vote/ownership/48