I may be wrong in the effect of my proposal, so please correct or ignore me if I am.
It seems that the yCRV peg being so far off isn’t great for getting new users to trust the protocol, right or wrong.
Would encouraging users to swap their CRV for yCRV on the Curve DEX, rather than zapping in and minting the yCRV, help absorb some of the excess yCRV in the LP and create some demand to help lift the peg closer to 1:1?
Having a stronger peg might help generate demand. More people using the CRV autocompounder would be more people learning the protocol and committing more capital to it.
I’m simply proposing adding an explainer and a link to the Curve DEX to encourage users to use that rather than minting. They can always mint if they want to.
EDIT: It’s been explained that the Zaps already do that, so I’ve marked this post as resolved.
- For
- Against