Conic Finance: A New Hope?
Join Llama Party featuring Conic representative Pims the Batllama. live at 10 AM ET / 7 AM PT / 2 PM UTC
Grab your favorite beverage and join this week’s Llama Party, live at 10 AM ET / 7 AM PT, featuring Pims the Batllama, who’s been authorized to speak on behalf of Conic Finance — streaming live to YouTube and 𝕏!
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A New Hope
A long time ago, in a crypto market far away, Conic Finance was ascendant.
We were trying to convince the Conic Finance team to join a Llama Party, but they are very strongly protective of their anonymity.
Llamas being respectful and accommodating, we instead adjusted the format and had them join us for a written llama party:
At the time we didn’t know our Llama Party was last call for Conic. Our Llama Party was a celebration of Conic’s success, as they were hoovering up nearly all the $crvUSD into their omnipool system, soaring past $100MM TVL on their way to dominance.
Yet they’d be hacked within a week.
To the team’s credit, instead of giving up, they went through months of rebuilding. After about six months, the team was ready to relaunch.
The team went live again in January, but found the landscape of DeFi had shifted tremendously in the six months they were out. The relaunch went off without a hitch, but the numbers were not so much like the the box office blockbuster phenomenon that was the original Skywalker Trilogy, instead more resembling the recent Star Wars sequels...
Did Conic change? Or did crypto change? Will Conic return to the glory days?
Last month, Pims approached and let us know the Conic team discussed internally and authorized an “ambassador” to speak on their behalf. To use the “Star Wars” jargon, Pims could serve as the Han Solo to Conic’s Chewbacca… or C-3PO to R2-D2.
Pims may not exactly look like a llama that takes time to party, but we’re still anticipating this will be a fun chat…
We look forward to chatting about this, as well as all things flywheel!
Disclaimers! Author is long CNC 0.00%↑