I am for adding the [Fei-[3Pool]] Metapool.
As you say, Curve is the right place to integrate FEI into as Curve has turned into a staple integration for stablecoins.
Indeed this is where the rather large PCV (currently around $510mln) comes into play, it can easily offer enough liquidity to bootstrap a possible Fei metapool.
Thank you for starting this proposal @arcology.
Casting another YES vote, I feel like FEI and Curve are basically made for each other. Bootstraping this pool should pose no problem and is sure to benefit both protocols
FEI will only become stronger over time and I’d love for Curve to be part of it.
I would love to see the FEI-3Crv pool on the UI! The pool already has over $1m in liquidity without being on Curve’s UI. I’m sure the Tribe will be interested in allocating incentives towards this pool to help include it among the ranks of other popular metapools, as well as deploying protocol owned assets into the pool.
Great initiative, Arcology! I see great potential on this and it would be interesting to to allocate some incentives towards this pool!
As an OG Curve user/supporter and member of the Fei Core team, I vote yes, as I would like to see FEI-3Crv pool on the UI and to open the discussion with our communities about incentives and the deployment of protocol assets to the pool.
Would love to see this happen. Curve is a fantastic place for Fei be. Fei has the ability to offer high amounts of stable liquidity for users to utilize.
As Joey has said, the pool already has a significant amount of liquidity. Adding it to the official UI will give this pool more easy access, and would be of great benefit to both curve and the tribe.
As consistently one of the top liquid eth/stablecoin pair and over all top token pair on uniswap v2 plus with more plans to integrate with uniswap v3 being currently discussed; i do think this integration is yet another natural extension!
Hello Curve Community,
We, the Fei Protocol community would like to signal our intent to resubmit sCIP #42 with a new snapshot for all to vote. We intend to add a new reply using the same proposal template when the snapshot goes live.
This is because we have now activated our ‘TribalChief’ rewards contract (based on Sushi’s MasterChef) which allows us to redistribute TRIBE rewards to various staking streams to quickly incentivize specific liquidity pools.
As we strongly believe that Curve is one of our critical pathways to success, we have decided to incentivize our FEI-3CRV metapool by diverting 50% of the original rewards stream allocated to FEI-TRIBE. Note that we are also including single-sided TRIBE staking on Rari when their rewards system goes live so the final distribution is a 3-way split among the 3 pools above.
This is the current APR for the 2 active pools.
We hope the Curve Community can contribute to our combined success with the successful passing of this vote!
Thanks @arcology for creating this thread.
Just wanted to add a few things for the Curve community to consider :
I can’t speak on behalf of the whole community, but I think there is a great partnership potential here between the Curve and Fei community. The metapool is just the first step.
On a short term perspective, I expect the trading volume will be sustaining in our metapool, because the other main liquidity source for FEI is the FEI/ETH Uniswap v2 pair. So, when the ETH price moves, it creates an arbitrage opportunity between the price of FEI in the metapool & on Uniswap. This is good for fee collection of veCRV holders, and good for Fei protocol because it will hold FEI closer to 1$.
On a longer term perspective, when you release a factory for pools of non-pegged assets (like tricrypto), Fei Protocol will have the power to move its PCV there to provide liquidity between FEI and a lot of other tokens, creating trading volume & fees for veCRV holders, and improving the liquidity of FEI.
There would also be interest in the Fei community to acquire CRV and vote-escrow them to participate in meta-governance. We already invested in DPI (deposit 1 and 2) and INDEX, which is a proxy for voting using DPI’s tokens (UNI, AAVE, MKR, COMP, …). But that would require smartwallet whitelisting, which we can discuss in a separate thread.
Posting here while I wait for separate post to be approved
Proposal to add FEI + 3Crv Factory Metapool to the Gauge Controller to enable users to assign gauge weight and mint CRV.
Fei Protocol is a stablecoin platform which has been live since April, 2022. Circulating supply is over 700M, with the FEI-3Crv metapool being among the largest factory pools at over 200M TVL.
This TVL is incentivized by TRIBE, without a gauge. Adding a gauge would drive further TVL and utility to the Curve ecosystem and align incentives for deeper integration with the Tribe ecosystem.
Audits of Fei Protocol were performed by OpenZeppelin and Diligence.
FEI-3Crv should have a gauge that can earn CRV
FEI-3Crv should not have a gauge that can earn CRV
See here the risk assessment please share.