Picking up where the depth question is sitting. @saintrat (#3), @Hubert (#4), @specialist78 (#20), and @mo957qx8 (#23) all converged on the same point from different angles — without depth the pool is theoretical. The diagnosis is shared. The forward question is what actually thickens it on a timeline that matters.
Some on-chain news that is relevant here, separate from any DAO-side decision. Reading GaugeController as of block 25016303, the gauge 0xF429AeC167C92aCA16cD77aef54F196B1988cBA3 has its first non-zero weight scheduled for the 2026-05-07 epoch — 0.45%. That weight comes mostly from one voter (0x9B44…B029, ~27.6M veCRV, 12.62% of votes cast for this gauge so far).
That makes the next ~14 days a natural test of the “investors will arrive” hypothesis from the OP. Total CRV emissions are ~$74K/day across all gauges, so 0.45% weight = ~$334/day flowing into a pool currently around $1,760 of depth. Early money gets the fat APR before TVL fills and dilutes it. External LPs deciding on yield numbers do not need any DAO assumption to act on this.
If real depth shows up by 2026-05-21, the borrower side could front-run incentives — that is a valid concern and the dashboard LlamaRisk suggested in #17 becomes worth building. If depth does not show up, the design question reopens with cleaner data than we have today.
Sidebar — there are three live bad-debt threads in parallel right now (this one, 11029, the WFRAX market). Different cohorts, different mechanisms. Curve DAO has no playbook for these — they each become an ad-hoc 3-month forum debate. That is an observation, not a proposal.