The Conic protocol has launched, bringing Omnipools to the Curve ecosystem. LPs can now diversify their exposure across Curve by depositing into an Omnipool. This new feature allows the allocation of liquidity of a single asset into different Curve pools, while all Curve LP tokens get staked on Convex to boost $CRV earnings and receive $CVX.
Conic Finance is a new platform designed to make it easy for liquidity providers to diversify their exposure across multiple Curve pools. Conic Finance does not charge any deposit or withdrawal fees, and there are no performance fees on $CRV and $CVX tokens. Users can deposit a single token into a Conic pool, and the protocol will then allocate it across multiple approved Curve pools, and stake the Curve pool LP tokens on Convex. This results in LPs receiving Conic Finance LP tokens, which are representative of their share of liquidity across multiple Curve pools. LPs also receive $CRV, $CVX, and $CNC tokens.
Conic Finance is a community-led project with no VCs involved.
Curve
DeFi
DEX
