[CAP] Add crvUSD/GHO to crvUSD Omnipool

title: [CAP] Add crvUSD/GHO to crvUSD Omnipool
author: @karpatkey_TokenLogic
created: 26-06-2024


This publication proposes whitelisting the crvUSD/GHO liquidity pool for the Conic crvUSD Omnipool.


The crvUSD Omnipool has $4.9M in deposits that are allocated 48.55% to crvUSD/USDT and 51.45% to crvUSD/USDC.

The addition of crvUSD/GHO to the crvUSD Omnipool, while promoting diversification, would also increase the yield for liquidity providers.

The crvUSD/GHO pool has $1.4M in deposits yielding 16.98% via Convex Finance relative to crvUSD/USDC offering 11.35% on $7.4M and crvUSD/USDT at 12.69% on $6.6M of deposits. Including GHO in the crvUSD will improve the overall APR for users.

Looking forward, the Aave Liquidity Committee (ALC) intends to continue voting with its sdCRV holding to support crvUSD/GHO liquidity. During the next voting cycle, the ALC’s sdCRV voting influence is expected to increase, as well as the amount of voting influence directed to crvUSD/GHO.

Aave’s GHO stablecoin has a Chainlink and a Redstone Oracle. The Chainlink Oracle address is shown below:

Chainlink: 0x3f12643D3f6f874d39C2a4c9f2Cd6f2DbAC877FC


GHO & Aave Protocol

The Aave Protocol is a decentralized liquidity protocol deployed across many EVM-compatible networks including, but not limited to, Ethereum, Optimism, Arbitrum, Avalanche, and Polygon. Currently, the Aave Protocol has over $20 Billion in AUM.

GHO is a decentralized multi-collateral stablecoin that is fully backed, transparent, and native to the Aave Protocol.



TokenLogic and karpatkey receive no payment for this proposal. TokenLogic and karpatkey are both service providers and delegates within the Aave community.


Copyright and related rights waived via CC0.


This is good both for diversity and APR, so I am in favor of this proposal.
GHO has been reasonable stable since the beginning of the year but given that it did have some trouble keeping peg in the past, I would suggest keeping the allocation relatively low at the beginning and increasing it as the project matures.


To me GHO opens the doors to some interesting pools. Potentially even a GHO omnipool. For.


Seems there needs to be a vote on CAP interpretations before this goes up for a vote.

Current CAP rules state that a pool “MUST HAVE” over USD10m in it

If we circumvent this, what else will we circumvent for some “friends”?