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1/ The wait is finally over... Conic v2 is live! 🎉

69,483 views • 2 years ago •via X (Twitter)

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Conic Finance's profile picture
Conic Finance2 years ago

2/ Omnipools are back, and they're stronger than ever In addition to numerous protocol improvements, Conic v2 also brings key new features 👀 Expanding the force of $CNC far beyond v1 🚀

Conic Finance's profile picture
Conic Finance2 years ago

3/ Currently, Conic v2 supports Omnipools for $ETH, $crvUSD, and $USDC LPs get diversified exposure across @CurveFinance while earning $CRV, $CVX, and $CNC rewards v2 also introduces LAMs which enable Omnipool liquidity provision to become modular⚛️

Conic Finance's profile picture
Conic Finance2 years ago

4/ Liquidity Allocation Modules (LAMs) contain the logic for allocating the liquidity of an Omnipool When a LAM is added to an Omnipool it allows it to allocate liquidity to new protocols Bringing new rewards and further diversified exposure for LPs 👨‍🌾

Conic Finance's profile picture
Conic Finance2 years ago

5/ This enables Conic to scale across different ecosystems 📈 For example, a LAM could be added to support liquidity provision across @PrismaFi or @fraxfinance The possibilities are endless.

Conic Finance's profile picture
Conic Finance2 years ago

6/ LAMs aren't the only way for Omnipool LPs to earn Conic v2 also introduces LP token bonding🏦 Starting now, holders of $crvUSD Omnipool LP tokens can bond their LP tokens in exchange for $vlCNC at a discount

Conic Finance's profile picture
Conic Finance2 years ago

7/ The cncCRVUSD LP tokens received from bonding get staked on Conic to earn $CRV and $CVX After being staked, LP tokens are gradually streamed as rewards to $vlCNC holders Bonding will be enabled for the next 52 weeks🗓️

Conic Finance's profile picture
Conic Finance2 years ago

8/ In addition to bonding rewards, Conic v2 also introduces a 10% platform fee Platform fees are charged on $CRV and $CVX earned by an Omnipool. Currently 100% of fees are being distributed to the debt pool (this can be changed in the future via a DAO vote)

Conic Finance's profile picture
Conic Finance2 years ago

9/ Conic v2 is launching with an upgraded version of the locker🔒 All lockers can now migrate to the new locker and claim their airdropped boosts upon re-locking The airdropped boost snapshot can be found here:

Conic Finance's profile picture
Conic Finance2 years ago

10/ Lockers that do not migrate will not be eligible to claim any fees that Conic accrues. Nor will they be able to participate in governance. Current lockers can easily migrate their locks on the Conic UI

Conic Finance's profile picture
Conic Finance2 years ago

11/ Conic v2 also introduces delegated voting After migrating your locks, visit the Conic delegates forum on Discourse to choose which address to delegate to our pitch yourself as a delegate!

Conic Finance's profile picture
Conic Finance2 years ago

12/ Lastly, we want to thank our auditors @chain_security and @MixBytes for making Conic v2 possible🤝 For more details on Conic v2, read the full announcement post👇

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