December 2nd - Onset of Omnipools

$vlCNC holders prepare for key DAO votes

The Conic ship is picking up speed as Omnipools are approaching mainnet deployment. Once live, Conic Omnipools will enable vlCNC holders to directly control liquidity on Curve and Conic LPs to earn yield across a diversified basket of different Curve pools. Over the past few weeks there has been several key updates describing how initial governance will work and what’s in store for vlCNC holders.

Major roadmap update

Last week a key update was shared with the Conic community on Discord.

• Core development of the Conic protocol has been complete

• A formal security audit has been scheduled for the 12th of December

• Official docs will be released in the coming weeks

It is expected that Omnipools will be live shortly after the completion of the audit. In the meantime, key DAO votes will take place to determine the initial parameters for Omnipools at launch.

DAO Votes

bb8, from Conic, published a discussion on the Conic Discourse that breaks down the upcoming DAO votes and also provides an overview of how vlCNC boosts and airdrop boosts will work.

Conic Finance @ConicFinance

Omnipools are gearing up for launch🚀 It's almost time for $vlCNC holders to start directing liquidity on @CurveFinance 🗳️ Learn more about upcoming DAO votes and airdrop boosts 👇 gov.conic.finance/t/the-force-of…

gov.conic.financeThe Force of vlCNC - Preperation for Next WeekAs outlined in our Discord announcement last week, Conic Omnipools are nearing launch as the protocol will soon be undergoing a formal security audit. With this being said, it’s time to initiate protocol governance and start unlocking the power of vlCNC. In this post I’ll provide an update of the Co…

The major upcoming DAO votes are summarized as follows:

• Dec. 6th: underlying assets: vlCNC holders will decide which underlying assets will have supported Omnipools at launch (e.g. USDC Omnipool, DAI Omnipool, etc.)

• Mid December: Whitelisting Curve Pools: vlCNC holders will decide which Curve pools will receive allocations of Omnipool liquidity

• Shorty before Omnipool launch: Liquidity Allocation Votes: vlCNC holders will decide the initial weights for each Conic Omnipool. That is, how liquidity will be distributed between whitelisted Curve pools

Conic Council member Laurabia posted a thread that breaks down how users can lock their CNC and participate in governance:

Laurabia @Laurabianight

Conic recently released an announcement with details on the upcoming launch. (gov.conic.finance/t/the-force-of…) Specifically on 1 DAO votes on pool parameters 2 on vlCNC and its boosts While the CEO is busy I'll step in to explain some of it #conicfinance #omnipools $cnc $crv $cvx

Airdrop boosts

The latest discussion post on Discourse provided insight on how Conic vote lockers will receive their airdropped boosts.

In this diagram the “X” represents the multiplication of a boost range to a vlCNC balance. Holders of veCRV wil receive a boost on their vlCNC balance based on how much veCRV they hold. Users who locked CNC early will receive an extra boost determined by how much vlCNC they held in the locker during that time. Both of these boosts will apply to governance power along with fee earnings. Read the Discourse post for a more in depth explanation.

Other news

Community contributor Qorb#5457 created an updated Dune Dashboard which reflects daily locks and unlocks of vlCNC