in case anyone is interested in how they messed up the first deployed pool and why some money was "lost"
curve stableswapNG lets you define each coin with "asset types" which then decide how token prices are set (four different types). in the case of 4626 tokens, it uses the convertToAssets interface to get the actual underlying price (accurate conversion rate)
however sky deployed it with both assets as type 0, or just standard token. so the converted rate is 100 shares -> 101 USDS, but the pool will price it at 100. so then anyone can arb through this, and then the pool becomes very imbalanced (currently like 20:1).
adding to the problem is that the team already deposited 166k of rewards into the gauge, which has a 30-day epoch (locked) so thats why that pool technically still has an incentive going
A new USDS/stUSDS pool has been deployed on @CurveFinance with 500,000 USDS in incentives over three months for liquidity providers.
This new pool is designed to build supporting liquidity between USDS and stUSDS, functioning as the intended discount market for stUSDS.
The old sUSDS/stUSDS pool will provide boosted rewards on top of stUSDS.
New USDS/stUSDS pool (stUSDS discount market):
• Link:
• Address: 0x2C7C98A3b1582D83c43987202aEFf638312478aE
Old sUSDS/stUSDS pool (boosted rewards on stUSDS):
• Link:
• Address: 0xB0CEfaC820228827A3F40dEedBcA88D5De44bCa9
executing and understanding contracts in crypto is hard mang
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