As of recent news from Curve Finance, Curve DAO whales, there was a desire from whales for additional gauges on Ethereum after observing how successfully v2 pools operate with various coins when there is sufficient liquidity. Curve DAO is starting that batch with MATIC/ETH and will add one every few weeks. As of the poll used to reach this conclusion, there was 100% voter support for this new development.
After seeing how well v2 pools work with different tokens given enough liquidity, there was a request from whales for more gauges on Ethereum. Adding one per several weeks, we start that batch with MATIC/ETH – up for a vote now!https://t.co/LAnrvFSNJh
— Curve Finance (@CurveFinance) January 22, 2023
A deeper look into the gauges
The first to look at is the liquidity indicator. The liquidity indicator counts the amount of money you have contributed to a Curve pool. one can stake their liquidity provider tokens on each Curve pool’s liquidity indicator.
A gauge’s weight and kind are also included. These weights indicate how much of the daily CRV inflation the liquidity gauge will receive. The Curve DAO may specify where the CRV inflation should go, thanks to the weight systems.
Curve DAO’s statement on how to increase one’s CRV Rewards.
To make this possible, one must have already given liquidity and be actively staking their LP tokens on the DAO gauge. Increasing one’s rewards for providing liquidity is one of the primary incentives for CRV. One may join the DAO and get a bonus of up to 2.5 times the liquidity they supply on Curve by acquiring voting power through vote-locking CRV.
calculating the necessary increase: Calculating how much CRV one will need to lock is the first step toward boosting one’s rewards. According to Curve Finance, since every gauge has a particular set of criteria, some pools are simpler to enhance than others. What others have locked and how much the liquidity gauge has varies.
Locking your CRV: Once one knows how much and how long they wish to lock for, Curve DAO advises keeping in mind that locking cannot be undone. Depending on how much and how long one votes, one will obtain a different amount of veCRV. According to Curve Finance, locks may be extended at any time, and CRV may be added. However, CRV cannot have multiple expiration dates.
One doesn’t need to take any more action if one notices their new boost after the Current boost. To update one increase if it has stayed the same, one must claim CRV from each gauge they’re supplying liquidity.
CRV’s price could see a significant surge due to this development having also recently been accepted by Marshall’s Island laws.