Curve Finance Applies for 1 Million OP Grant

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The community of layer 2 Ethereum solution Optimism has been asked to vote on a grant of 1 million OP tokens to the DeFi protocol Curve Finance.

The current value of Curve’s locked assets on Optimism is $17.3M, whiles its weekly trading volume amounts to $3.4 million.

According to the proposal, 1 million OP will be distributed among LP liquidity providers over 20 weeks in equal shares of 50,000 tokens.

The funds will be used for incentives for LPs, increase liquidity and also contribute to attracting additional volumes of intermediate assets to the protocol.

According to the author of the proposal, expanding the use of the Ethereum scaling solution will reduce gas costs.

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