Summary:
Asymmetry Finance proposes to be whitelisted to receive an apportioned share of CVX generated revenue from the CLever Revenue Sharing Program as outlined in CIP-05.
Motivation:
Asymmetry Finance is the ultimate staking & synthetic dollar protocol - Pioneering solutions that achieve the highest sustainable yield in their respective markets.
Website: https://www.asymmetry.finance/home
Twitter: https://twitter.com/asymmetryfin
Discord: Discord
Asymmetry’s current products include:
afCVX (Asymmetry Finance Convex): A new flagship token designed to create the highest yielding, liquid derivative of CVX. afCVX is composed of a position that is 20% staked CVX and 80% as a position of non-liquidating, leveraged CVX within CLever. afCVX is a ERC-4626 token that will be highly composable across many defi markets and chains. AS of this proposal, over 1.8 million afCVX have been minted since its launch on May 14th.
afETH (Asymmetry Finance Ethereum): The flagship hybrid LST - Providing market-leading real yield on Ethereum, by harnessing the power of the Curve and Convex ecosystems. afETH is proudly scalable and sustainable, bringing 10%+ yield on ETH in an unprecedented way. afETH is composed of Staked Frax Ethereum (sfrxETH) and Vote-Locked Convex (vlCVX).
afUSD (soon) is a high-yield synthetic dollar - A fully on-chain alternative to Ethena
afeETH (soon) is the highest-yield LRT in DeFi & first high-yield opportunity for EtherFi stakers.
As outlined in CIP-05, whitelisted protocols that deposit CVX into CLever may be entitled to a portion of the revenue that is generated from the vote incentives received from the underlying vlCVX. Having access to this share of revenue will allow Asymmetry to potentially create even more attractive yields and liquidity for afCVX, thereby incentivizing more CVX to be deposited into CLever, creating even more revenue for CLever and veCLEV holders.
Wallet address containing Asymmetry’s CVX deposited into CLever: 0xb828a33af42ab2e8908dfa8c2470850db7e4fd2a
Full afCVX position can be seen here
Audits:
Asymmetry Finance has completed 3 audits for afCVX. More information about Asymmetry, afCVX, and the audits can be found here: Audits/Bug Bounties | Asymmetry
Proposal:
Allow Asymmetry Finance to be whitelisted to capture a portion of the revenue generated from the vlCVX in CLever.
