Conic Finance Unleashed- Revolutionizing Liquidity with Omnipools and DAO Tokens!

Decentralised News

Get ready to delve into the world of Conic Finance, a platform transforming the way liquidity providers diversify their investments. This video explores the ingenious concept of Conic Omnipools, offering a one-stop solution to access multiple Curve pools. We'll break down how you can gain exposure to various pools through a single liquidity token while earning CRV, CVX, and even Conic's very own CNC token.

Transcript

00:00What's up guys and welcome back to the channel another video while I'm out here in Zanzibar on

00:07this lovely island where I've been venturing out exploring checking out the sites meeting the

00:13people and just pretty much having a pretty good time relaxing checking out what's going on on the

00:19scene here it's a very very serene environment right on the beach surrounded by a bunch of

00:27little islands where you can go explore there's a bunch of stuff that you can do here I'd recommend

00:32everybody come out on this part of Africa in Tanzania to just sort of check out what Zanzibar

00:41has to offer I promise you guys you won't regret it so put that on your list or in your bucket list

00:47of one of those top places you'd like to visit at some point in the world but without wasting any

00:53time I really want to talk about a platform Conic Finance which is another DeFi platform

00:59again our only cover platforms that I feel like really bring something unique to the space so this

01:05is a user-friendly interface that actually allows liquidity providers to effectively conveniently

01:11diversify their involvement in several curve pools if you are wondering what curve is this is a

01:21platform or protocol called Curve Finance which I've also covered on this channel you can also

01:28check out the full review on our main site Decentralized News I will drop a link to that if you're

01:33interested so users are able to actually funnel liquidity into a Conic Omnipool which is designed

01:41to distribute funds across Curve according to protocol regulated pool weights okay so the introduction of

01:48Conic Omnipools is something that Conic Finance really innovated means that liquidity can be dispersed

01:57across various curve pools via a single asset providing Conic liquidity liquidity providers rather

02:04with access to an array of different curve pools through a solitary LP token or liquidity provisioning

02:14tokens so Curve LP tokens are automatically committed to Convex to accrue uh CVX and CRV rewards furthermore

02:24Conic LPs are actually granted CNC which is the native token of the Conic DAO and the distribution

02:32of actually this liquidity in an Omnipool towards Curve pools is actually in fact determined by target

02:42allocation weights which tend to undergo uh routine updates through a liquidity allocation voting process

02:48that is conducted by the vote logged CNC holders so the Omnipools themselves utilized by Conic do serve as

02:57liquidity pools for a singular asset also facilitating the distribution of liquidity into a multiple curve

03:05pools and the curve LP tokens themselves actually deposited on Convex and then staked into uh the

03:11associated pools and the reward contracts this actually enables an LP to pretty much attain exposure

03:18to a range of our curve pools via that LP token while also earning the CRV and the CVX and additionally to

03:26each curve pool as well there is uh that assigned uh liquidity allocation weight by uh Conic Omnipools which

03:34actually do dictate a portion of the Omnipools liquidity that a curve pool does receive besides

03:41CRV and CVX uh Conic LPs are also awarded the CNC and the Conic Finance DAO token which can be logged

03:49to obtain VLCNS also enabling uh involvement in uh governance if there's something that should be

03:56interested so these bi-weekly liquidation allocation weights and uh these are of each pool and they're

04:02refreshed through this DAO vote so this is where the actual token comes into play and that's one of

04:08the main utilities because that allows then these uh VLCNC holders to participate while Curve and Convex

04:17do provide the mechanisms for uh using CRV which is a curve native token and CVX which is the convex uh

04:25native token to actually vote on gauge inflation weights to adjust the CRV emissions across the curve

04:32pools and uh Conic does supply a mechanism for actually altering weights that directly transfer

04:38liquidity and uh offer one or more assets across these pools and uh despite the complexity so for

04:45actually managing slippage and gas cost and uh flash loan attacks and things like that all these risks

04:51are associated with single-sided liquidity provisioning Conic actually does use a blend of

04:58oracles LP token pricing mechanisms and also rebalancing incentives that do guarantee secure

05:05execution of liquidity uh shifts so let's talk about what actually makes a Conic unique uh this is um

05:13obviously their primary objective is to actually allow users to distribute their exposure of uh sort of

05:20numerous pools with a solitary asset specifically facilitating users to allow their asset for example

05:26ethereum to multiple curve pools in a single transaction and the key targets of Conic actually

05:33encompass these omnipoles which enable users to deposit a singular asset into a pool that obviously

05:40disperses liquidity among these various curve pools you also have the liquidity distribution aspect of it

05:47where you're providing a remedy to the current liquidity contribution in the actual curve ecosystem

05:52which actually is primarily influenced incentivized liquidity this is also accomplished by pretty much

05:58utilizing uh what we call um sort of uh institutionalized uh Conic governance structures

06:08allowing those holders uh to directly manage the cool uh the pools themselves in order to gain liquidity and

06:15there's obviously obviously that element of our governance if we're talking about the cone Conic governance

06:21token itself establishing the protocol is actually directed and governed by the Conic uh community

06:27through this uh DAO and also the ecosystem itself is still aiming to pretty much construct a protocol

06:32that does encourage the development and durability of the curve ecosystem so in terms of the technonomics

06:38the CNC token acts as a governance token for the Conic DAO which can be locked uh for our VLCNC to participate in

06:46the governance the distribution of the CNC is uh again to liquidity providers to incentivize the deposits

06:54and withdrawals and also to stakers if you're just interested in knowing how you can get a hold of

06:59these CNC tokens you can purchase them via your web wallets using a decentralized exchange such as

07:05such as Uniswap the easiest way is to swap it from another asset like Ethereum for example so in the

07:10the Conic DAO holders of CNC can actually lock their tokens like I said for VLCNC and this is analogous to

07:18the vote log tokens like uh VLCVX or VECRV and these are non-transferable and a CNC can be locked for a minimum

07:29of four months up to a maximum of eight months and users can actually re-lock all or some of the tokens

07:36from their locks at any point and they do also employ this set of our standard boost for CNC holders

07:43or lockers which will determine their final VLCNC balance that they get so they'll be two temporary

07:49boost a drop to V1 lockers and also the VECRV holders at launch as well if you want to know a little

07:56bit more on that just make sure you go to check out the rest of the link in the description to the actual

08:03review that I've done on this platform this is one of those complex platforms that if you're not really

08:08heavy into DeFi can be a little bit confusing but I think they do have a very strong proposition in

08:14terms of for what they're actually offering and also just making sure that CRV ecosystem does hold

08:21some weight so if you're somebody who's really like a curve fan I think Conic is one of those DeFi tokens

08:29that does have that potential to really have a good market cap as well I think you should check it out

08:35and let me know what your thoughts are on that as well but if you want to know more about liquidity

08:40provisioning in particular understanding these concepts so this is easier for you to understand

08:46why these tokens have value you need to go to DeFi.millionaire.com you can check out the free book

08:52that I put out where you know I'm really trying to help you guys understand uh all of these aspects

08:58of DeFi it's a free book so make sure you check out the link in the description defi-millionaire.com

09:05you can go get yourself a free copy and you'll be able to wrap your head around some of these

09:11complex topics because let's face it if you don't dive in a little bit deeper it also just lays the

09:18groundwork for you to miss some of these incredible opportunities in terms of some of the assets that

09:22you can actually identify that could really have strong use cases and that could potentially maybe

09:29really go astronomically high in price in the future but of course I'm not saying that this is the case

09:35with CNC this is just some of the uh one of the tokens that I hold in my portfolio I think I've got a

09:40small allocation to it and I feel like this could have potential if it is successful in making sure it

09:48creates that robust ecosystem for uh CRV so let me know what you guys think don't forget to check out

09:53the links in the description also to some of my favorite DEXs that's gains trade whether that's

09:59seen futures whether that's MUX protocol there's a lot of decentralized exchanges that you guys can use

10:05to make sure you know you have custody of your funds and your funds are protected and you don't have

10:10to worry about losing your funds to centralized exchanges which is obviously something that we saw really

10:16happen at a massive scale over the last bull run with the collapse of FTX and Celsius and all of

10:21these are the entities also check out our main site decentralized.news for the best cryptocurrency

10:26exchange reviews DeFi platform reviews also we have NFT marketplaces DeFi platforms if you're

10:33interested in knowing anything and everything to do with trading cryptocurrencies this is the place for

10:38you to go if you're someone who's just interested in doing a business online or learning how many different

10:43ways of doing business online you can also go to navigate-digital.com the links are all in the

10:48description until next time like share obviously subscribe i'll see you guys in the next i'll be

10:54out on the beach in a few taking a swim checking out what's going on today is the end of the week

11:03it's the weekend so i think there's going to be a little bit of a buzz around the area that i'm at

11:07so i'm really really interested in going to check what's out there but this is where i am i'm having

11:13a great time over here in zanzibar and like i said guys i do recommend if you do ever get the chance

11:19to come out here you check out this tiny little island called kendwa that i'm at i've stayed at

11:26other islands as well which are in and around the area like nungui page etc so this is uh where i'm at

11:33right now i'll be spending a few days here and then i'll be again back on the road doing my thing

11:38i'll be keeping you guys posted on what i'm doing but let me know what you guys think about everything

11:43and all the things that we've been offering on this channel like share subscribe turn on

11:48the notifications i will see you again in the next video peace

12:03you

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