An idea was proposed in chat to discuss the future potential of boosting the renBTC CRV pool.
As we all know we are waiting for the blessing from the Curve team to have an official on-chain vote to whitelist Pickle for possible boosting. The current consensus has been that the pool that will be boosted would be the Curve 3pool on Pickle. I am proposing and looking for feedback on the idea of shifting some of that boost to the renBTC pool.
Here is the logic. As of right now Yearn does have boosted Curve pools. What NOBODY has is a boosted BTC pool.
Alongside the removal of withdrawal fees, the possible increase of Pickle LP rewards to the renBTC pool, this boost could be yet another arrow in the quiver of attracting the massive tranche of Bitcoin TVL that is just sitting there wrapped waiting for a usecase.
There is over a $1.6 Billion of Wrapped Bitcoin floating around out there right now. Where is it? Why can’t we capture it into our TVL. As we know liquidity has no loyalty. I feel if we make coming to Pickle a no-brainer with this boosted auto-harvesting pool it is a home run to increasing TVL and OPTICS!
Open to feedback.
TLDR: I am proposing we add some amount of boost to the renBTC CRV pool on Pickle. Right now only 3pool has been suggested as the boosted pool. I believe boosting renBTC will be yet another attractor to Bitcoin capital, will increase Pickles TVL, and ultimately the price of pickle.
This if combined with:
Removal of withdrawal fees
Increased LP rewards for Bitcoin CRV pool
…is a home run in my opinion.