Conic Finance
@ConicFinance
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Omnipools for the @curvefinance ecosystem.
Joined March 2022
Deposits across all Omnipools have been shutdown. Users are still able to withdraw. We are assessing the situation and will provide updates as soon as we have them.
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We are pleased to announce that Conic has raised $1m from Curve founder @newmichwill . Read the full announcement:
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Conic v2 Update: All audits have been scheduled. The first one will be with @MixBytes. The second will be with @chain_security. v2 features will be shared soon.
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Omnipools for the @CurveFinance & @ConvexFinance ecosystem are coming ๐ . Learn more here๐๐.
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1/ Say goodbye to manually changing pools๐. Conic Omnipools are finally here!๐. Provide liquidity and start earning $CRV, $CVX, and $CNC rewards๐.
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$crvUSD - Now $10m in TVL on Conic ๐. In just two days since launch, the $crvUSD Omnipool now holds 38% of the total $crvUSD supply.
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It's time for Conic to make its return. Read the proposal:
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We are currently investigating an exploit involving the ETH Omnipool and will share updates as soon as they are available.
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Conic now has $100,000,000 TVL ๐๐๐. Much more to come! $ETH $crvUSD ๐๐๐
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Within 72 hours since launch. Conic has surpassed $50m in TVL ๐๐๐
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Within 24 hours of being live. Conic v2 has surpassed $20,000,000 TVL!๐
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Similar to @CurveFinance, Conic is offering a bounty to anyone who can identify the Conic exploiter. 10% of the returned funds will be rewarded to individuals that provide us with information that helps identify the attacker (0x3d32C5a2E592c7B17e16bdDc87EAb75f33ae3010).
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This Tuesday. The $crvUSD Omnipool goes live ๐. Voting is now live to determine how it will allocate its liquidity across @CurveFinance at launch along with scheduled LAVs for all Omnipools๐ณ๏ธ. ๐
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Attention $veCRV and $vlCNC holders ๐ข. Two important announcements ๐.
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Within just 1 hour of being live. Conic has hit $1m in TVL! ๐
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The @CurveFinance vote to enable $CRV incentives for the CNC/ETH gauge has passed! ๐.
Voting is now live on @CurveFinance to enable $CRV incentives for the CNC/ETH gauge ๐ฆ. Also, Conic's audit report can now be found on the Conic homepage!.
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1/ Roughly four hours ago we were alerted of an exploit affecting the $crvUSD Omnipool. In response to this and given today's ETH exploit, we immediately enforced maximum safety measures and temporarily shutdown all Omnipools.
Deposits across all Omnipools have been shutdown. Users are still able to withdraw. We are assessing the situation and will provide updates as soon as we have them.
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Conic is now officially under audit and the first DAO vote has passed โ
. Over the coming weeks $vlCNC holders will decide which @CurveFinance pools to support along with initial Omnipool weights ๐ณ๏ธ. The force of $vlCNC is awakening.โโโโโโโโโโโโโโโโโโโโ 85%
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The latest LAVs have concluded and bring some new changes for $crvUSD LPs. Most notably, $TUSD + $crvUSD has been blacklisted and $FRAX + $crvUSD is now whitelisted โ
. View all updated weights and more๐.
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1/ Status update: . - The root cause was a re-entrancy attack that was able to be performed because of a wrong assumption as to what address is returned by the Curve Meta Registry for ETH in Curve V2 pools. - A fix to the affected contract is being deployed.
Update:. - We are continuing to investigate the root cause of the exploit and are consulting with relevant parties. - We have disabled ETH Omnipool deposits on the Conic front end.
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An exciting day for the @CurveFinance ecosystem and for $crvUSD ๐. As per usual, a new round of LAVs is now live ๐ณ๏ธ. Over $95m to be directed by $vlCNC holders ๐ง. ๐
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v2 Genesis Liquidity Allocation Votes ๐ณ๏ธ. $crvUSD: $ETH: $USDC: Vote to determine the initial @CurveFinance liquidity allocation weights for v2 Omnipools.
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๐The latest LAVs have concluded and @CurveFinance pool weights have been updated. In this round of voting 1 $vlCNC was able to directly control $88.70 worth of liquidity. Rediversified exposure, new yields, and rebalancing rewards are now live for LPs๐.
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1/ Today is a special day in the Conic community. From $0 to $95m+ in TVL within two months, a lot has happened since mainnet launch. A review of where we have been and where we are going ๐
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1/ The $USDT Omnipool is now live and brings some exciting new updates to Conic ๐. Here's what you need to know ๐งต๐.
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What is Conic? . ๐น Omnipools? .๐น Diversified yields? .๐น Early incentives? .๐น No VCs?. Learn more๐งต๐. 1/.
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As we near the final steps before the launch of Omnipools it's time to make the docs public. The force of $vlCNC grows stronger.โโโโโโโโโโโโโโโโโโโโ 90%.
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Omnipools are gearing up for launch๐. It's almost time for $vlCNC holders to start directing liquidity on @CurveFinance ๐ณ๏ธ. Learn more about upcoming DAO votes and airdrop boosts ๐.
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Voting has concluded โ
. 1) Bribes will be paid solely to @ConvexFinance $vlCVX holders. 2) 60% of inflation will be used to pay bribes and the remaining 40% will be distributed to $CNC / $ETH LPs.
Two key votes start now ๐ณ๏ธ. 1) Who will receive $CNC bribes? 2) The ratio between $CNC emissions to LPs and to pay bribes:
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New proposal from the @aave Liquidity Committee to whitelist $GHO for the $crvUSD Omnipool.
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As per usual, Conic governance continues to march forward๐. [CIP] Add $crvUSD Omnipool has passedโ
. The latest LAVs have concluded and @CurveFinance.pool weights have been updated๐ฆ. In this round of voting 1 $vlCNC was able to directly control $118.60 worth of liquidity๐ง.
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The $CNC airdrop is completeโ
. 10% of the $CNC supply has been allocated to the @ConvexFinance community๐ค. $vlCVX holders can claim their airdrop using the terminal found on the Conic interface๐ฅ
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Update:. - We are continuing to investigate the root cause of the exploit and are consulting with relevant parties. - We have disabled ETH Omnipool deposits on the Conic front end.
We are currently investigating an exploit involving the ETH Omnipool and will share updates as soon as they are available.
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1) The snapshot has been taken ๐ธ. Tomorrow both $vlCNC holders and $CRV lockers on @CurveFinance will be able to check their airdropped boosts ๐ค.
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Conic relies on the @CurveFinance and @ConvexFinance communities and is excited to have the following core community members on it's veto multi-sig:. - Charlie.- skellet0r.- C2tP.- nagaking.- r2d2 (Conic). Another important milestone for Conic โ
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Supported underlying assets for v2 Omnipools ๐ณ๏ธ. Voting is live:
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Vote: $CNC Distribution for Curve CNC/ETH Gauge ๐ณ๏ธ. Snapshot:
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Update: $crvUSD Omnipool deployment has been delayed by two days. It will now go live Thursday. This is due to an enforced on-chain governance delay for adding a new oracle for $crvUSD.
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To a very Merry Christmas and may the force of $CNC be with all of you during this happy new year.
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Conic has hit a new all time high๐. 2,000,000 $CNC locked๐
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2) The launch of Omnipools is imminent ๐. In preparation, we have shutdown the v1 locker and it will no longer accept deposits ๐.
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Yesterday the claim period for the $CNC airdrop ended . In total, 360,433 $CNC was distributed to $vlCVX holders ๐ค. The remaining $CNC, which was not claimed, has been allocated to the Conic DAO treasury ๐ฆ.
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Whitelisting Curve Pools ๐ณ๏ธ. $FRAX: $USDC: $DAI: Vote to determine which @CurveFinance pools will receive Omnipool liquidity๐ง๐ค.
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The first round of Liquidity Allocation Votes will commence this Thursday at 00:00 UTC. $vlCNC holders will direct over $60m in Omnipool liquidity across @CurveFinance. Learn more about LAVs ๐.
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A new round of LAVs are now live and bring some exciting updates:. $crvUSD pools are now included in the USDC and USDT Omnipools ๐ฆ. First post launch $ETH LAV ๐๐ฆ. Vote:
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Voting has concluded โ
. Over 1.3m $vlCNC voted and option 3 was most favored by a landslide ๐ช. Once the @CurveFinance gauge is live CNC/ETH LPs will earn both $CRV and $CNC rewards๐ง. $CRV rewards will be funded via $CNC bribes to $vlCVX and/or $veCRV holders ๐ค.
Vote: $CNC Distribution for Curve CNC/ETH Gauge ๐ณ๏ธ. Snapshot:
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Voting is now live to whitelist $crvUSD for the $USDC and $USDT Omnipools ๐ณ๏ธ. USDC: USDT: Read the proposal from @_bout3fiddy_:
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$veCRV and $vlCNC holders can now check their airdropped boosts ๐.
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Genesis liquidity allocation votes ๐ณ๏ธ. Determine @CurveFinance liquidity allocation weights for each Omnipool at launch โ๏ธ. Voting is live:. $FRAX: $USDC: $DAI:
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Conic has reached out to the exploiter via a tx sent from the official Conic Multisig address (. Other txs claiming to recover funds on behalf of Conic are a scam.
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The Conic community wishes you a joyful Christmas filled with yield, deep liquidity, and boosted staking!๐โ๏ธ. Voting for whitelisted @CurveFinance pools concluded today โ
. $vlCNC holders are ready to start directing liquidity going into the new year ๐
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๐The latest LAVs have concluded and @CurveFinance pool weights have been updated. In this round of voting 1 $vlCNC was able to directly control $81.65 worth of liquidity. Rediversified exposure, new yields, and rebalancing rewards are now live for LPs๐.
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๐The first LAVs have concluded and @CurveFinance pool weights have been updated. In this round of voting 1 $vlCNC was able to directly control $32.25 worth of liquidity. Rediversified exposure, new yields, and rebalancing rewards are now live for LPs๐.
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๐.
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Voting is now closed โ
. Over 1m $vlCNC voted and Conic Omnipools will launch with support for the following underlying assets:. - $FRAX.- $USDC.- $DAI.
Supported underlying assets for genesis Omnipools ๐ณ๏ธ. Voting is live: (Snapshot styling fixes are underway).
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2/ This second attack was unrelated to the ETH Omnipool's re-entrancy exploit. The attacker was able to realize a profit of approximately $300k by exploiting the crvUSD Omnipool. We will share more updates as we continue to investigate.
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2/ The exploit cannot be done again for the ETH Omnipool. - Withdrawals are safe. - No other Conic Omnipools are affected by this issue. - A more detailed post mortem will be published soon. We will continue to share updates.
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A vote is now live to whitelist $FRAX + $USDP ๐ณ๏ธ. If this vote is to pass, the FRAX+USDP @CurveFinance pool will be included in the FRAX LAV starting the week of May 18th . Vote: Discussion:
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Are your notifications turned on? โ
. The Conic community raise starts tomorrow๐ . Here's how it will work๐.
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Platform for paying out bribes ๐ณ๏ธ. Will $CNC bribes be paid out to @ConvexFinance $vlCVX holders on @VotiumProtocol or @Paladin_vote? . Voting is live:
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Two important votes will begin in one day โฐ. 1. How should $CNC bribes be distributed? @VotiumProtocol? @Paladin_vote? . 2. What should the ratio of $CNC emissions be between @CurveFinance CNC/ETH LPs and bribes? . Join the discussion๐.
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๐The latest LAVs have concluded and @CurveFinance pool weights have been updated. In this round of voting 1 $vlCNC was able to directly control $79.47 worth of liquidity. Rediversified exposure, new yields, and rebalancing rewards are now live for LPs๐.
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Voting is now live on @CurveFinance to enable $CRV incentives for the CNC/ETH gauge ๐ฆ. Also, Conic's audit report can now be found on the Conic homepage!.
This @ConicFinance CNC/ETH pool does extremely well: despite having a modest 3.5M TVL and no gauge (!) it has a respectable 18% vAPY (from trading and asymmetric deposit fees). It means, it prints 10k per week or so for the DAO. v2 pools are awesome!
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Following approval via a DAO vote, CNC emissions for Omnipools have now been disabled.
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This Thursday, the force of $vlCNC awakens. The first round of LAVs will be kicking off with $30m of liquidity to be directed. Delegate your voting power or pitch yourself as a delegate before voting begins๐.
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$CNC / $ETH LPs, it's time to migrate! . Stake your LP tokens directly on @ConvexFinance to earn $CNC, $CRV, & $CVX ๐จโ๐พ. LP migration guide๐.
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๐The latest LAVs have concluded and @CurveFinance pool weights have been updated. In this round of voting 1 $vlCNC was able to directly control $62.11 worth of liquidity. Rediversified exposure, new yields, and rebalancing rewards are now live for LPs๐.
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LAVs for the week of 6th Apr are now live and feature some big updates!. - Genesis $USDT weights. - $MIM+3Crv whitelisted. - Over $84m in liquidity to be directed. Updated @CurveFinance weights take effect 12 hours after voting concludes ๐ฆ. ๐
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Supported underlying assets for genesis Omnipools ๐ณ๏ธ. Voting is live: (Snapshot styling fixes are underway).
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Two key votes start now ๐ณ๏ธ. 1) Who will receive $CNC bribes? 2) The ratio between $CNC emissions to LPs and to pay bribes:
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LAVs for the week of 15th June are now live ๐ณ๏ธ. Over $124m to be directed by $vlCNC holders. Vote:
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