March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Conic Finance (CNC)
Conic Finance is a platform designed for liquidity providers to to access Curve liquidity pools.
Price:
$11.10
Mkt Cap:
$42,537,410
View Coin Page
Project Fundamentals
- Conic Finance Describes itself as “an easy-to-use platform built for liquidity providers to easily diversify their exposure to multiple Curve pools. Any user can provide liquidity into a Conic Omnipool which allocates funds across Curve in proportion to protocol controlled pool weights.”
- Curve does this through Omnipools, Liquidity distribution, Governance and Ecosystem
- “Omnipools Allow users to deposit a single asset into a Conic Omnipool which deploy liquidity across multiple Curve pools.”
Partnerships / Implementation
- In July 2022 the Curve Finance Whitepaper was published with the project receiving widespread support and attention.
- Conic Finance is being seen as an attractive proposition due Conic Finance has no deposit or withdrawal fees. There are also no performance fees charged on CRV and CVX tokens.
Roadmap and Announcements
- Moving forward, Conic Finance aims to be “The vision of Conic is to empower members of the Curve and Convex community to take an active role in optimally balancing liquidity across Curve pools.”
- On the 13th of December Conic Finance announced they are now officially under audit and the first DAO vote has passed.
- Moving ahead, increased trading volumes and the strong market performance in 2023 could continue to benefit movements in an out of Conic.
Technical Analysis
More Bright Ideas
February 27, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 24, 2023
Fantom (FTM)
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees.
February 22, 2023
Polygon (MATIC)
Polygon was founded as a scaling solution for Ethereum and aims to be Ethereum’s internet of blockchains.
February 21, 2023
Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
February 20, 2023
Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
