Summary:
Proposal to add a ETH / MANA Pool on the Ethereum blockchain to the Gauge Controller, enabling users to assign gauge weight and mint CRV.
References/Useful links:
Pool: 0x27CB06F65d8B7228147375E15d37912b93b501CC
Gauge: 0xa96832746393aA4465050580D35A1DfD626D0C6f
Link to Curve pool on Ethereum: https://www.curve.finance/dex/ethereum/pools/factory-twocrypto-209/deposit/
Decentraland site: https://decentraland.org/
Protocol Description:
Decentraland (MANA) stands as the pioneering decentralized virtual world, launched in 2017 and representing one of Ethereum’s earliest and most ambitious use cases beyond DeFi. As the metaverse narrative evolves from hype to sustainable development, Decentraland continues building with a dedicated team and community.
Why ETH-MANA Deserves CRV Emissions
Active Development & Innovation
- Recently announced Desktop Client, bringing performance improvements
- VR support in development pipeline
- SDK 7.0 introducing multiplayer-native architecture
- Continuous protocol upgrades despite market conditions
Established Digital Asset
- $600M+ market cap maintaining top 100 cryptocurrency status
- 7+ years of continuous operation on Ethereum
- Listings on every major CEX (Binance, Coinbase, Kraken)
- Deep liquidity across multiple chains
Strategic Position for Curve
- Bridge between DeFi and Metaverse/Gaming sectors
- Potential to attract new user demographics to Curve
- Complements existing gaming/metaverse tokens on Curve
Trading Dynamics
- Consistent daily volume ($50M-$150M across CEXs)
- Natural arbitrage opportunities between CEX/DEX
- Volatility profile suitable for sophisticated LP strategies
- Strong correlation with both ETH and gaming sector trends
Community & Governance
- 143,000+ Discord members maintaining active discussions
- Fully decentralized DAO governance model
- No single entity controls the protocol
- Community-driven development and grants program
Motivation:
The metaverse sector represents a significant untapped market for Curve liquidity. By adding CRV emissions to the ETH-MANA pool, Curve can:
- Establish itself as the primary liquidity venue for metaverse assets
- Capture trading volume currently fragmented across CEXs
- Provide critical infrastructure as the sector matures
- Demonstrate Curve’s adaptability beyond traditional DeFi assets
With improving market conditions and renewed interest in gaming/metaverse applications, now is an opportune time to build liquidity infrastructure for this sector’s inevitable growth.
Risk Assessment:
- MANA has survived multiple market cycles since 2017
- Ethereum-native asset with proven smart contract security
- No algorithmic/rebasing mechanisms
- Standard ERC-20 implementation
Vote: