Conic Finance — an easy-to-use platform, built for liquidity providers to diversify their access easily to multiple Curve pools. Any user can provide liquidity to Conic Omnipool, which distributes funds across Curve in proportion to the weight of the pool, controlled by the protocol.
About Conic project
CNC governance token holders will be able to control liquidity in Curve directly. Through the rise of the community, Conic Finance places that power in the hands of the community from the outset. The goal of the community gathering - to distribute a portion of the total CNC supply to early adopters and raise funds to ensure Conic Finance is as secure as possible.
The raised funds will help to cover deployment and audit costs. Any excess funds will be transferred to the treasury and may be used at the discretion of the vlCNC holders. Engaging the Conic community is done in tranches. Each tranche determines the exchange rate of the CNC. This means that the tranche in which an individual participates will determine his CNC allocation. The distribution of the CNC token decreases with each subsequent tranche.
Other features:
| 1 | CNC holders can instantly lock their tokens for vlCNC. As with Convex, the blocking period is 4 months. |
| 2 | Each time a user blocks the CNC, a new block is created and the user's total blocked balance is updated. |
| 3 | Expired CNC tokens are not penalized and can be revoked at any time. |
While there are no platform fees initially, they could potentially be included in the future by vlCNC owners. vlCNC owners can directly participate in key design decisions for Conic.
More about defi app
Conic Finance introduces the design of omnipools. These are liquidity pools that spread the liquidity of a single asset across multiple Curve pools. Thus, the LP token that the liquidity provider receives represents the share of the liquidity provider's liquidity in multiple Curve pools.
Conic Finance solves a lot of problems by offering a simple solution for liquidity providers who want to have access to multiple Curve pools and not have to rebalance their distribution on their own when CRV inflation weights change. Conic Finance relies on a community approach to determine the optimal distribution of liquidity between Curve pools.