Summary:
A potential MetaMask/Mastercard deal is proposed to the Curve Finance community. This opportunity would enable MetaMask Debit Card holders to spend Curve Finance assets directly with local merchants. Users could earn yields on their funds on MetaMask up until the moment they spend. This will unlock new TVL and user flows from MetaMask’s growing card user base for Curve Finance.
Motivation:
Through this partnership with MetaMask, Curve Finance and its community will receives:
- Instant‑spend integration: Cardholders can spend crvUSD and scrvUSD held in Curve Finance on Ethereum through the MetaMask × Mastercard debit card.
- Built‑in TVL story: “Earn until you pay” positions Curve Finance as one of the default savings layers inside every MetaMask Card.
- Amplified reach: MetaMask will commit to joint marketing to spotlight the new feature. Including but not limited to:
- Spotlight threads on X.
- MetaMask’s dedicated blog post highlights the partnership.
- Distribution through various other Consensys channels.
- High-growth user base: MetaMask is working to scale up the card usage to its 30M MAU.
- Currently, MM Card has over 60k users
- United States general release moving out of beta, plus new market launches in Canada, Africa, LATAM & the Middle East are scheduled over the next two quarters to augment the 36 countries we’ve already launched in
- Curve Finance gains direct access to spend-ready users as they cement on-chain payment habits.
Specification:
The engineering integration work has already been completed. Curve Finance has its stablecoins deployed on Ethereum. No further development is needed from the Curve Finance community.
For:
To launch the MetaMask partnership, the following budget is requested:
Option 1:
$150,000 USDC/USDT for the Liquidity Funding
Covers integration costs and establishes a reserve to manage operational risks, such as depeg events. Baanx requires this buffer to facilitate fiat settlement while holding tokens. The reserve grows over time via off-ramping fees.
$150,000 CRV – Curve Token CashBack
Provide 2% cashback in Curve tokens on 7.5M dollars of spend. We plan to use this cashback only on crv-Tokens spend to encourage the use of crvUSD or scrvUSD on the card and the supply side for the markets. This will also be one of the first instances of a DeFi Token reward for card users to boost excitement and usage of crv-Tokens.
Consensys will report back with a full report on the forum 6 months into the program, with analytics and data from the campaign for the DAO to review.
Option 2:
$150,000 USDC/USDT for the Liquidity Funding
Covers integration costs and establishes a reserve to manage operational risks, such as depeg events. Baanx requires this buffer to facilitate fiat settlement while holding tokens. The reserve grows over time via off-ramping fees.
No allocation to card rewards
Against:
Not to partner with MetaMask