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

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

These investments have expanded the influence of the Reserve ecosystem on 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 into the Curve ecosystem aimed at acquiring governance power and promoting RToken liquidity. Currently, RToken liquidity pools on Curve hold about $25 million worth of assets, mainly concentrated on Ethereum mainnet.