Discussion: CGP 61 (on-chain 68) - Governance owned cUSD-USDC Liquidity

hi @roman, would Mento consider adding this liquidity to a new stableswap pool on Ubeswap?

1 Like

Hi @Evan-Ubeswap,

Bogdan and I have selected Curve for this concrete proposal created by us but that does not mean that there cannot be an Ubeswap proposal as well. I personally am very open to that. In the end, Celo governance has to decide on these things and Mento Labs has no gatekeeper power/role in this system - the Curve proposal is really more of a suggestion from me and Bogdan personally, instead of a Mento Labs proposal. So please feel free to start a separate discussion around this in the forum and see whether you can rally up support for a Ubeswap liquidity allocation from the reserve. If you need some advice on the process etc, I am happy to help, just DM me!

1 Like

Ubeswap would love to move forward on this. Is there a reason why Mento prefers Stableswap pools rather than Concentrated Liquidity pools?

2 Likes

No strong preference on my (personal) end of Stableswap over Concentrated liquidity. I think Stableswap pools are a bit easier to operate in the USD-to-USD token case but both work fine I guess.

The CGP to migrate Mobius liquidity to curve has been submitted on chain (on-chain id #80): governance/cgp-0069.md at roman/cgp-curve-liquidity · celo-org/governance · GitHub

Waiting for governance approvers now before it will make it to voting stage. If anyone has questions on the proposal, please let me know.

2 Likes

The 20M cUSD<->USDC Curve pool proposal is now in voting stage - please cast your vote!!

3 Likes