USDN pays interest directly to all holders of the token. Deposits in the Curve USDN pool accrue this interest. Interest amounts to about 10-15% annually
USDN pool has a unique fee structure. Instead of the usual .02% fee to LP/.02% fee to veCRV, this pool goes .04% fee to LP and 50% of USDN interest to veCRV
The interest currently in the pool amounts to about $150k. Currently it earns about $180k/month in interest. This is much higher than trade fees earned.
The more we pump this pool full of LPs, the more fees we earn. I know your inclination is to vote for your own pool, but more CRV inflation attracts LP’s to offset your gains. Better to allocate to the pool that creates the most value for your veCRV
USDN pool is the most efficient way we can pump our numbers
100% USDN pool is what I’m doing. Spread the word and let’s make this the biggest pool on Curve!
Full disclaimer: I am a Curve LP and veCRV holder but I am not, have never been, and have no intention of ever depositing LP funds into the USDN pool
I just like veCRV gains, surely ya’ll can get down with that
I just like veCRV gains, surely ya’ll can get down with that
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