BCH Labs has invested $2.2 million in the Curve ecosystem, purchasing 6.46 million sdCRV tokens.

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2024-08-29 03:16:05

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Golden Finance reported that BCH Labs has made a strategic investment of 2.2 million US dollars in the Curve ecosystem, purchasing 6.46 million sdCRV (StakeDAO’s liquid-locked CurveDAO token), and locking 923,000 Stake DAO tokens (SDT) in a 4-year voting custodial. This investment gives the Reserve ecosystem the largest voting power among non-founding entities in the Curve DAO. These investments have expanded the impact of the Reserve ecosystem on CRV and SDT rewards (i.e. Gauge emissions), enhancing the protocol’s ability to incentivize on-chain RToken Liquidity in the Curve ecosystem. This investment is part of a $20 million investment in the Curve ecosystem, aimed at gaining governance rights and promoting RToken Liquidity. Currently, the RToken Liquidity pool on Curve holds approximately $25 million in assets, primarily concentrated on the Ethereum Mainnet.

BCH0.18%

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