Incentivize POOH/ETH/crvUSD Liquidity on Curve for a Thriving Memecoin Gauge

Gauge Proposals
#1

Summary:
This proposal introduces a gauge on Curve for $POOH, a memecoin and governance token of the POOH Universe. The pool will consist of POOH, ETH, and crvUSD, facilitating efficient trading and deeper liquidity for the POOH token and current memecoin run.

POOH is a deflationary memecoin that launched stealth over a year ago. No presale, zero taxes with 95% of supply sent to LP burnt and contract renounced. Remaining 5% sent to CEXs for initial listings. POOH is designed to be for the people - forever.

POOH has created a flywheel ecosystem that is explained in detail below.

Vote for the Proposal here: https://dao.curve.fi/#/ethereum/proposals/907-OWNERSHIP

Why should you be bullish on POOH?

  • 95 year old global brand. Who doesn’t know POOH?
  • Already established meme culture around POOH (e.q. fancy pooh, dancing pooh, etc.)
  • public domain IP since 2022
  • 4th highest grossing movie franchise globally ($48B+)
  • positive, nostalgic brand
  • adults, kids and normies love pooh
  • resilient mc despite crypto market downturns
  • 22k+ holders
  • mobilized, engaged community that that makes high quality posts
  • decentralized and self sustaining governance

Too many memecoins are low float, high FDV and have rug potential. POOH has none of these. POOH launched stealth - 95% in LP and 5% to exchanges. Designed to be truly organic and for the people forever. Currently sitting at $8m mcap - $1M liquidity. POOH will grow with ETH forever.

References/Useful links:

• Website: https://pooh.money/

• Twitter: https://x.com/poohmoneyHQ

• $POOH holder DAO: https://www.tally.xyz/gov/pooh

• Youtube: https://www.youtube.com/@poohmoneyHQ

• CA: https://etherscan.io/address/0xb69753c06bb5c366be51e73bfc0cc2e3dc07e371

• POOH Crew NFT DAO: https://nouns.build/dao/0x3d9f8e430cd52dce044b9d88a3574551ece31d1b/

Protocol Description:

The POOH Universe encompasses a memecoin ($POOH), a DAO run by token holders with 2 unique tax tokens ($EEYOR and $TIGG) that generate ETH revenue to sustain the DAO. Current ETH treasury is just over $50,000 USD.

There is also a collection of NFTs (POOH Crew NFTs) with a unique DAO on Nouns. 100% of the sales of the NFTs go directly to the DAO. 10% of the NFT DAO is owned by the $POOH token DAO. POOH serves as the primary governance token for the entire ecosystem.

Motivation:

POOH primarily trades on Uniswap. Creating a POOH/ETH/crvUSD pool on Curve would provide several advantages:

  • Increased Liquidity: Curve’s AMM (automated market maker) design allows for efficient trading with low slippage, attracting more users and improving the POOH trading experience.

  • Reduced Volatility: crvUSD’s stablecoin nature helps to stabilize the pool and mitigate fluctuations in the POOH price.

  • Enhanced Capital Efficiency: Liquidity providers can earn CRV rewards and trading fees by supplying POOH, ETH, and crvUSD to the pool.

  • Boosted Awareness: Inclusion on Curve raises the profile of POOH within the DeFi space, attracting new users and investors.

Specifications:

  • Governance: The POOH Universe operates under a decentralized governance structure. The $POOH DAO allows token holders to make and vote on proposals regarding the project’s future and benefit from holding due to its memetic characteristics.

Oracles: POOH is an ERC-20 and does not require any oracles.

  • Audits: The POOH contract is locked and keys burnt. This can be verified onchain. It was also audited by RugFreeCoins and deemed safe: RugFreeCoins - Step into the future of online interaction with Web3

  • Centralization Vectors: While the POOH DAO governs the protocol, POOH does trade on CEXs like HTX, MEXC, Gate, and others. Centralized exchange hacks are a vector for any token.

  • Market History: POOH’s all time high was $86M marketcap. It reaches this shortly after launch and during the bear market. It grew too fast. Too many KOLs jumped onboard and talked about POOH. It experienced some volatility typical of memecoins, but has shown resilience compared to broader market downturns. Due to it’s deflationary mechanics the POOH LP grew significantly during this period of volatility.

Conclusion

The POOH/ETH/crvUSD pool aligns perfectly with Curve’s mission to provide efficient and capital-efficient liquidity for DeFi assets. POOH, with its growing community, strong brand recognition, and active development, presents a compelling growth opportunity for Curve users. By incentivizing this pool, Curve can attract new users, boost trading volume, and solidify its position as the leading decentralized exchange platform.

Pool: Curve.fi

Gauge: https://etherscan.io/address/0xa44769912679F7080bf03D002e6e4e736c6c8C91