ABC Labs has made a strategic investment of $2.2M into the Curve ecosystem, acquiring 6.46M sdCRV — Stake DAO’s liquid locked Curve DAO token — and locking 923K Stake DAO tokens (SDT) in 4-year vote escrow. This purchase gives the Reserve ecosystem the most voting power of any non-founder entity in the Curve DAO.

These purchases expand the Reserve ecosystem’s influence over CRV and SDT rewards (i.e., gauge emissions), increasing the protocol’s ability to incentivize onchain RToken liquidity throughout the Curve ecosystem. Deeper liquidity on Ethereum mainnet and L2s can help to accelerate adoption and reduce friction in minting and redeeming RTokens.

This purchase is part of an ongoing $20 million investment in the Curve ecosystem — including StakeDAO (SDT) and Convex (CVX) governance tokens — to secure governance power and promote RToken liquidity. RToken liquidity pools on Curve currently hold approximately $25 million in assets, primarily on Ethereum mainnet.

This additional investment is designed to further promote RToken liquidity on Curve, with initial emphasis on Arbitrum. By investing in liquidity on Arbitrum, Reserve extends its ability to direct incentives across mainnet and L2s through aligned investments in DeFi governance.

Provide RToken liquidity

Interested in providing RToken liquidity on Curve or other on-chain protocols?

• Check out https://app.reserve.org/earn for the latest opportunities
• Follow Reserve on 𝕏 (formerly Twitter) and Farcaster for timely updates
• Join the Reserve Discord server for conversations with like-minded enthusiasts

Source : Reserve - Aug 28, 2024