A pair of new gauge votes makes very clear that both 4pool and 2pool are deployed!
In fact, some rudimentary Etherscan analysis shows the poolβs been sitting idle for 11 days already. If you were asking βWhen 4pool?β the answer was βIt already happened and nobody cared.β
Technicalities though. The launch is just one step in the lifecycle:
Pool launched
Pool seeded with liquidity
Gauge launched
Gauge approved by governance (votes open for 7 days)
Gauges start receiving emissions through gauge votes (next voting round)
So weβre entering the fourth stage here. Presuming 4pool passes governance, we still have a bit of time until emissions ramp up.
As weβve waited, thereβs still been plenty of back and forth. Yesterday we saw Maker announce a based pool in response. So is there still hype for 4pool?
According to one super-duper-mega-100%-scientifically-accurate pool, users like the 4pool:
4pool has already built some solid inroads within DeFi. Aave has publicly discussed plans for onboarding FRAX and possibly UST, along with potential 4pool integrations.
Badgerβs Citadel also announced plans for building out a pure 4pool-WBTC pool.
This is a notable move. To date, Curveβs TriCrypto pool is the primary gateway between Bitcoin and Tether, (and one can go from Tether to most stablecoins). A 4pool-wBTC pool could compete with TriCrypto and open up direct routing to more stablecoins.
We know Badger has a large stash of Convex it could wield here:
We also know Terra is purchasing large quantities of Bitcoin, so such a pool may fit nicely into their liquidity plans. FRAX has also announced plans to play in this pool.
The promise of lucrative bribes may be the most anticipated part of 4pool. The 4pool only exists on sidechains at the moment, yet its already seeing considerable bribe activity through Votium:
Plus another $500K in Pitch
Still, even with all the 4pool hype, donβt underestimate the 2pool.
Now wait a second here⦠4pool has been sitting there for a week, and nobody has aped in? Think of all the times a new pool launched, and the initial returns were some eye-popping 10,000kajillion% vAPY or something.
Is this alfa? Free money? Could you frontrun the plebs who are waiting for the frontend?
Weβre working this up for a future Brownie tutorial (at which point weβll unlock this post), so eventually everybody will have the tools to judge for yourself whether it makes sense for you to jump in early.
If youβre impatient, paid subscribers can read on immediately to see the results. We conduct some simulations of what they might earn under different scenarios if they rush to join 4pool before it hits the UI.
NOTE: It says simulations to follow, not financial advice. We donβt do financial advice.