Are you ready frens?

You will soon be able to earn yield on your $LINK with zero impermanent loss risk with the @CurveFinance LINK/sLINK liquidity pool

No deposit limits or time-based IL insurance needed, just pure AMM yield & liquidity for cross-asset swaps with zero slippage https://twitter.com/AndreCronjeTech/status/1362156406904745986

An on-chain vote has been created for adding a @CurveFinance gauge for this pool, so if you have locked $veCRV, make sure to participate in getting this proposal passed to enable subsidized $CRV rewards for liquidity providers in the LINK/sLINK pool

https://dao.curve.fi/vote/ownership/38

$sLINK is synthetic asset (overcollaterlized 500% by $SNX) that tracks the price of $LINK, meaning being a liquidity provider in this pool you 100% exposure to $LINK

@synthetix_io synths like $sLINK can be converted to any other synth (e.g. $sETH $sUSD $sBTC) at zero slippage

Because of this zero slippage conversion capability of synths, users on @CurveFinance can execute a trade that hops across multiple liquidity pools as long as each pool has at least one synth

This allows massive trades between $LINK and various stablecoins, ETH, and WBTC

Not only does this greatly increase the liquidity for $LINK, it also provides a source of yield

Every trade has a 0.04% fee which is split 50% to liquidity providers and 50% to $CRV stakers

With the activation of the gauge, there is also $CRV subsidies for liquidity providers