Background
ETHENA has demonstrated significant success in the DeFi space, offering highly competitive yields through its funding rates. Currently, sUSDe yields exceed 25%, outperforming crvUSD rates by a notable 12% margin. This success underscores the potential for further collaboration and innovation in liquidity management.
Objective
This proposal serves as an official conversation starter for the design and implementation of a USDe (ETHENA) Omnipool on Conic Finance.
Current Distribution of ETHENA Curve Pools
ETHENA’s existing pools have achieved substantial traction, with total value locked (TVL) distributed as follows:
- USDe-USDC: $15.26M
- FRAX-USDe: $104M
- DAI-USDe: $12M
- crvUSD-USDe: $6M
- GHO-USDe: $3.7M
Additionally, there are smaller pools, including sUSDe pools, which further diversify ETHENA’s liquidity offerings.
Proposal Rationale
Conic Finance provides liquidity providers with a balanced and automated solution for managing diverse pools. By integrating USDe into Conic’s ecosystem, liquidity allocation can be streamlined, improving capital efficiency while supporting ETHENA’s growth.