Based on LayerZero’s cross-chain bridge Stargate, the community voted to diversify STG/USDC LP positions. It plans to spread the LP position into Yearn and StakeDAO, so that it has less LP in Curve to increase the return reward.
Among them, the Yearn position will sell the rewards to LPs, thereby generating direct purchasing power. Whereas StakeDAO positions will generate CRV + SDT, which can then be locked into veSDT to capture stablecoins and direct more rewards to Curve. The voting started at 3:00 on July 9th and will end at 3:00 on July 12th.
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