Having a CRV/sCRV pool enables people to trade large quantities of CRV without experiencing slippage. It also allows a non-locked way for people to gain return on their CRV tokens whilst staying within the Curve ecosystem.
This proposal would add a CRV/sCRV pool to enable people to enter or exit Curve DAO token positions via Synthetix.
The first exclusively ‘synth’ pool Link/sLink has been a great success, attracting $210 million of liquidity and expanding the range of assets Curve manages. CRV is the logical successor to this pool as it is a common desire for liquidity providers to buy large amounts of CRV in order to lock it for the boosted returns. Trading via Curve x Synthetix enables slippage free large trades and a direct route to and from stablecoins to CRV.
Give a native alternative to vote locking CRV
Increase trading volume and generated fees.
If added to the Gauge it will dilute current rewards allocated to other pools.
Possible smart contract exploit risks from Synthetix price oracles (unlikely as they use Chainlink and no new methods are being used for sCRV).