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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
