STP-0 : Participate in Curvance seed fund raising with the DAO treasury

Summary:

The objective of this proposal is to determine whether or not we will allocate our treasury funds to invest in the Curvance seed round. https://docsend.com/view/miiiffqvjhr9jrsd

Context:

The seed tokens will be locked according to the voting escrow mechanism of the project’s governance token, veCVE and will be fully unlocked after a 12-month cliff period. This means that for the first 12 months, the seed tokens will remain unavailable and cannot be transferred or sold. Once this period is over, seed investors will have full access to their tokens and can use them as they see fit, it means that (in the case we’re investing) we’ll be able to participate in governance decisions and have the ability to vote on gauge emissions and generate passive revenues for the Treasury, on top of fees sharing.

Gauge emissions in Curvance are a mechanism that allows approved pools to receive continuous streams of CVE rewards. The Curvance DAO votes biweekly to determine the allocation of emission rewards and which pools receive them. This incentivizes liquidity provision and helps attract new TVL to the platform.

In addition, veCVE holders will receive income from the platform fees charged on the generated yields of deposited assets. The platform fee is set at 15% and will be redistributed to veCVE holders proportionally based on the amount of veCVE they hold relative to the total veCVE in circulation, in the form of wETH.

Notable investors in the fundraising round include other prominent decentralized autonomous organizations (DAOs) such as Frax, Olympus, Redacted, Alchemist, Harvest (treasury Bond type deal), as well as angel investors like the founder of Curve and other industry experts. The participation of these DAOs and well-respected individuals highlights the confidence and support in Curvance's vision and potential for growth in the decentralized finance (DeFi) ecosystem.

Please note that the specific investors mentioned are subject to change and may vary based on the latest information and developments in the fundraising process.

Presentation Curvance is a decentralized lending and borrowing platform built on the Ethereum blockchain. It offers risk-isolated lending markets by utilizing a multi-pool model that allows stablecoin depositors to choose their preferred risk tolerance. The platform enables users to deposit their assets, earn yield through smart contract redirection, and borrow stablecoins against their collateral. With Curvance, users can unlock a portion of their locked capital, boost their yields, and explore new opportunities for capital efficiency and leverage. The protocol employs a dual oracle design for price determination and relies on a community of liquidators for asset liquidations. Curvance aims to provide users with enhanced flexibility, earning potential, and risk management in the DeFi ecosystem.

• Docs: https://docs.curvance.com/cve/
• Pitch-deck: https://docsend.com/view/miiiffqvjhr9jrsd
• Website: https://www.curvance.com/
• Twitter: https://twitter.com/Curvance

Means: Treasury ressources: We would need to invest X amount of USDC into it and wait for 2 years

Technical implementation: Future CVE token allocation will be associated with a Treasury multisig.

Voting options:

• Invest $50k
• Invest $75k
• Invest $100k
• Invest $150k
• Invest $200k
• Against
• Abstain

Further information about risks, advice and Proposed investment options are on Discord.