ABC Labs invested $2.2 million in the Curve ecosystem, purchasing 6.46 million sdCRV tokens

ChainCatcher news, ABC Labs has made a strategic investment of $2.2 million in the Curve ecosystem, purchasing 6.46 million sdCRV (Stake DAO's liquid locked Curve DAO tokens) and locking 923,000 Stake DAO tokens (SDT) in a 4-year voting escrow. This investment gives the Reserve ecosystem the largest voting power among non-founding entities in Curve DAO.

These investments expand the Reserve ecosystem's influence over CRV and SDT rewards (i.e., Gauge emissions), enhancing the protocol's ability to incentivize on-chain RToken liquidity within the Curve ecosystem.

This investment is part of a $20 million investment in the Curve ecosystem aimed at acquiring governance power and promoting RToken liquidity. Currently, the RToken liquidity pool on Curve holds approximately $25 million in assets, primarily concentrated on the Ethereum mainnet.