Summary
Anthias Labs proposes to partner with Curve DAO to cement Curve’s path as a best-in-class decentralized exchange. This is achieved by accelerating onboarding, simulating revenue-generating strategies, pool parameterization optimization and qualitative analytics. To resource this 6 month, thematically timed engagement with monthly deliverables, Anthias requests 200K $crvUSD.
About Anthias Labs
Anthias Labs is a boutique on-chain advisory firm focused on DeFi risk management and system design founded in 2022. We protect protocols with boutique risk infrastructure and advisory. Anthias’ partners have included Felix Protocol, Euler, Arbitrum DAO, Uniswap, Compound and Aave. We have supported these with technical research, open source development.
Anthias Labs is a dynamic team of contributors with a variety of disciplines. Anthias specializes in lending, decentralized exchanges, staking and simulation tooling.
Selected work includes:
- DEX liquidity pool asset ratio optimization research
- Native asset staking hub risk management
- LP condition simulation tooling
- Longform risk analysis on critical decentralization operations
- Qualitative and quantitative RWA risk analysis
Problem statement
Onboarding to Curve is currently a difficult process with different parameters requiring careful consideration. This presents obstacles to new entrants into the Curve ecosystem and results in missed opportunities for the protocol and its DAO.
With competition from new decentralized exchanges providing additional utility and solving user pain points, Curve’s relative value proposition may seem less attractive to LPs and traders. While Curve and its dedicated community enjoys a significant moat as the most efficient stableswap with the most compelling incentive mechanism, the time for the DAO to unlock additional utility and drive greater revenue generation is now.
Solution
To amplify Curve’s current successes to the fullest, Anthias Labs proposes entering into a services contract with the protocol.
Primary objectives for this engagement involve ensuring all existing pools above $1M TVL have optimized parameters and that Anthias consults on all new major pool deployments. In addition, Anthias will make sure no CRV is emitted to disreputable or high-risk assets and that all new whitelisted gauge pools are suitable for significant growth.
Secondary goals for this engagement include increasing general awareness of Curve’s unique value offering as well as general operational literacy improvements. This will involve interfacing both with DAO and the broader DeFi community as a whole.
Scope
As a turnkey growth and risk partner to CurveDAO, we will pursue these two sets of goals in the following ways:
1. Accelerating onboarding speeds
Curve’s inherent complexity in pool creation, parameter selection, and veCRV mechanics may deter pool creation and liquidity provision. Anthias Labs will streamline onboarding by assisting partners on pool deployment. This will not only involve recommending parameters but also assessing asset pairs to maximise efficient trade routing.
By simplifying and optimizing asset / LP entry, this effort should directly target protocol growth through new asset onboarding. Accelerating onboarding will amplify revenue through having these new assets being onboarded into the most capital efficient pools, resulting in optimized trading routing and greater overall revenue for Curve.
2. Proactive Pool Parameterization Optimization
Suboptimal fee structures, amplification coefficients, and liquidity concentration thresholds in Curve pools limit efficiency. Anthias will deploy data-driven parameterization models, leveraging historical volume, volatility, and competitor benchmarks to recommend adjustments. This will be accompanied by monitoring of all pools receiving CRV emissions to report to the DAO potentially inactive pools being incentivized. Anthias will then detail emissions freeze frameworks on said pools.
3. Revenue-generation focused simulation tooling
Anthias will use its Arbiter tooling to forecast outcomes such fee revenue under varying CRV emissions, LP behavior during black swan events, or volume shifts post-governance votes. For example, simulating additional scvrUSD fee rises could validate whether the change would boost revenue without deterring minters. By stress-testing decisions pre-implementation, Curve can avoid costly missteps and prioritize upgrades that maximize volume and revenue. These simulation tools may also prove useful to set more efficient liquidation thresholds as Anthias models different scenarios.
4. Qualitative Analysis
Beyond quantitative metrics, Curve must specialize its offering to specific needs. Anthias will conduct qualitative audits of governance processes, smart contract dependencies, and regulatory exposures (e.g., MiCA compliance for EU stablecoin pools). Qualitative analysis is an effective hedge against exploits, contract malfunctions or regulatory penalties that could crater volume. Publishing transparent reviews will entrench Curve’s credibility, attracting LPs and traders — key drivers of volume and revenue. It may also bring utility to more efficient LlamaLend parameterization. This is a role that Anthias is experienced in.
Timeline and budget
Timeline
To align Curve’s success with Anthias Labs deliverables, we propose the following timeline:
| Month | Specific focus |
|---|---|
| March | Consolidation and engagement start |
| April | Pool deployment framework development |
| May | Pool parameterization and gauge verification |
| June | Qualitative framework development |
| July | Fee optimization simulations |
| August | Delivery of fee optimization findings plan to DAO |
We emphasise the utility of a simple roadmap to allow the DAO to benchmark our performance. We propose this engagement start March 1st and end on September 1st, at which point the DAO may be approached for renewal. These goals are ambitious and may be revised should a sustained market downturn or Curve-specific Black Swan event result in missing them - should the DAO be convinced of Anthias’ value add.
This initial post is done with the aim of gauging community sentiment, with execution and implementation details pending further alignment with the DAO.
Budget
To complete this work, Anthias requests 200K $crvUSD vested linearly over a 6 month period is sent to an Anthias controlled multisig. This payment stream may be cancelled should the DAO vote at any time to end it.
Closing
We’d like to thank the DAO for the time and attention paid to this proposal. Your commitment to the protocol’s growth and resilience is evident and we are excited at the prospect of accelerating it. We welcome all comments, questions, and feedback from the DAO community to make this proposal the highest ROI possible.