Summary

This proposal aims to migrate liquidity from DEX e.g. SDT-ETH Sushiswap and Uniswap LP pair to a newly created SDT-ETH pool on Curve v2.

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Motivation

A migration to Curve v2 LP will provide some benefits to both Stake DAO protocol and SDT traders, allowing for lower slippage, a more competitive liquidity distribution, potential new income streams and optimization of weekly inflation’s allocation.

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Specification

At the moment of writing, Stake DAO current LP pool on Sushiswap accounts for 1,663,972.84. With the proposal we search consensus to perform the following actions:

1. Create an SDT-ETH pool on Curve v2
2. Withdraw our liquidity from Sushiswap (1,663,972.84) and redirect it to the newly created Curve v2 pool
3. Get a gauge for the Curve v2 pool
4. Vote for this pool on a weekly basis with Stake DAO owned veCRV (expected APR in the current state of things would exceed 1000%)
5. Delete all the SDT inflation incentives to Sushiswap LP You can have a look at expected APR calculations, considering current 1. DEXes liquidity, at the following link

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Forum link: https://gov.stakedao.org/t/sdip-11-curve-v2-liquidity-pair-migration/555