According to PANews, ABC Labs has announced a strategic investment of $2.2 million in the Curve ecosystem. The investment includes the acquisition of 6.46 million sdCRV (Stake DAO's liquid locked Curve DAO tokens) and the locking of 923,000 Stake DAO tokens (SDT) in a four-year voting escrow. This purchase grants the Reserve ecosystem the highest voting power among non-founder entities within the Curve DAO.
This investment is part of ABC Labs' ongoing $20 million commitment to the Curve ecosystem, aimed at securing governance rights and enhancing RToken liquidity. Currently, the RToken liquidity pool on Curve holds approximately $25 million in assets, primarily on the Ethereum mainnet. The additional investment is intended to further boost RToken liquidity on Curve, with an initial focus on Arbitrum. By investing in Arbitrum's liquidity, Reserve aims to expand its ability to direct incentives across both the mainnet and Layer 2 networks through collaborative DeFi governance.
