Curve Finance has submitted a governance proposal on Optimism for a 1 million OP token grant, according to a post on the Optimism forum submitted on July 24.
While Optimism is an Ethereum Layer 2 protocol, Curve is the top liquidity pool for token swaps.
The Block reported that the grant proposal states currently 1 million OP tokens worth $850,000 will be distributed over 20 weeks on Curve. The statement means that 50,000 OP tokens will be distributed per week to Curve pools if it passes.
"These tokens will serve as incentives to liquidity providers (LPs) on gauged Curve pools on Optimism. Gauged pools on Curve receive token emissions on a weekly basis. These pools are decided by a weekly on-chain DAO vote on Curve," The Block reported.
Three synthetic type tokens are available, including sUSD, sETH, and sBTC, which are the only three gauged Curve pools available on Optimism currently that will receive the weekly 50,000 OP tokens emissions. The number has been planned to increase...
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