stargatefi

STG/USDC LP isn’t staked in any Curve/Convex gauge, and therefore the protocol is not receiving any CRV rewards.

Solution:

• Stake our current LP share in Convex to maximize earning potential for the DAO.
• Claim rewards on a weekly basis.
• Lock in a liquid locker or simple locker CRV rewards to redirect our vote back to the STG/USDC pool.
• Lock for vlCVX rewards and vote on our own pool.
• Stake any cvxCRV accrued by CVX rewards into Convex with the rewards re-buy CRV to re-lock and amplify rewards to our own pool.
• Any rewards accrued in the form of 3crv should be used to re-buy CRV or supply to Stargate Pools across the various chains in the early stages of protocol growth reducing our reliance on STG emissions.

Please see the proposal on Commonwealth for further details and discussion on this proposal.