Thread by @SeaSaltyFunk

Looks like #KP3R & its #FixedForex project are all-in on curve ecosystem

- nearly 800k $CVX with voting power equivalent of 3.77m $CRV
- All ib*stable / $USDC liquidity migrated to curve V2 pools
- Major withdrawal from Sushi of KP3R/ETH LPs
- New curve KP3R/ETH gauge

👇

With deep liquidity on-chain & 50% admin fee on ib*stable/USDC pairs & KP3R/ETH pair rewards for #vKP3R look set to 🚀

Team also recently ended #KP3R emissions program focused on POL via OlympusPro bond

Interesting to see how they play this situation as I see it there are 3 potential scenarios....

1) KP3R can use all of CVX position to vote for CRV to ib*stable gauges

2) KP3R can use rKP3R via rewards / bribes to have other CVX holders vote for gauge rewards to ib*stables -i.e. restart a form of emissions directed at curve with OLM features

3) KP3R can let liquidity sit idol for time being and use vote to earn bribes in other assets it wants to leverage (i.e. FRAX)

Combos of 1 & 2 or 2 & 3 at same time also very intriguing

Expect this to be a major catalyst for on-chain Forex!

Outstanding question remains on what this may mean for utilisation of ib*stables on FTM & what role, if any, solidly will now play in all this