Conic is an Ethereum protocol that brings “Omnipools”-liquidity pools where users can add liquidity with just one asset. Inside each Omnipool, liquidity is assigned to a group of whitelisted Curve pools. How much goes to each Curve pool is set by liquidity allocation weights, which indicate each Curve pool’s portion of the Omnipool’s total liquidity. As a result, Omnipool liquidity providers (LPs) can get exposure to multiple Curve pools using a single Omnipool LP token.

Conic’s native token, CNC, is distributed to LPs that stake their Omnipool LP tokens, and also to LPs who provide liquidity during a rebalance period.

A liquidity allocation vote (LAV) happens every two weeks. In these votes, vlCNC holders can decide on changes to the liquidity allocation weight for every Curve pool connected to an Omnipool. After the weights are updated following a LAV, a rebalance window begins and more CNC is issued to liquidity providers. Deposits made during this phase automatically rebalance the Curve pools to match the new target weights.