What'up on Curve ? #107

Bear or Bull market, this newsletter will still be here !

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This week was mainly occupied by the Binance/FTX’s drama. It was relatively quiet concerning Curve. But sometimes, less is more !

Vote and proposal

There is currently 3 proposals:

• Add a gauge for the following pool: SDT / FraxBP

• Add a gauge for the following pool: HOME / 3CRV

• Change fee_gamma from 0.005 to 0.008 for cbETH/ETH v2 pool. This will make fee <= 0.1% when |price - peg_price| < 0.3%.

Pool

If you have renBTC you should be careful

curvecap.lens @CurveCap

PSA: This affects nearly every @CurveFinance BTC Pool

Ren @renprotocol

1) We recently posted an update regarding how Ren will move forward from Alameda: https://t.co/VFEYHbjZmz

Juicy APY

Fraxgener 200x @napgener

85% apy on staked $ETH deposited in @fraxfinance starts in 4.5 hours Help diversify staked Eth away from $LDO

Never stop building

nagaking @nagakingg

Announcing the 1st official release of Curvesim, a package for optimizing @CurveFinance pools This release inaugurates our transition from a single-purpose script to a full package designed to facilitate usability & development across the Curve community

github.comRelease v0.3.0 · curveresearch/curvesimWe are happy to announce the first official release of Curvesim, installable through usual pip install, and incorporating a wide range of feature and performance enhancements. This release inaugura...

The Curve Risk

Paladin ✅

cryptoriskteam @cryptorisksteam

1/7 With the introduction of lendable governance power, Paladin fills a yet unfilled niche within governance voting markets. Read the full risk assessment report: cryptorisks.substack.com/p/asset-risk-a… In collaboration with @evmknows

cryptorisks.substack.comAsset Risk Assessment - Paladin / WardenA risk assessment on the Paladin ecosystem for Curve veCRV holders and Pal LPs

The big short

$CRV is dumping seriously since few days/hours. And there is an explanation 👇

Fraxgener 200x @napgener

YO WHAT THE FUCK? This dude is short 10% of the circulating supply of $CRV at 90c theres a $50m+ liquidation in $AAVE

debank.comDeBank | Your DeFi walletA multi-chain portfolio tracker that supports the largest number of DeFi protocols.

LlamaCollege @LlamaCollege

Mango 'very profitable trading strategist' @avi_eisen has an $8m short on CRV. @CurveFinance founder @newmichwill has $48m of CRV supplied on Aave with a liquidation price of .259 Yesterday they had an interesting discussion in the Convex discord. 🦙🏫 ↓

Lookonchain @lookonchain

A huge $CRV shorter borrowed 20M $CRV($9.9M) from #Aave and transferred 10M $CRV($4.9M) to #OKEx. He has lent 37M $CRV from #Aave in the past 7 days. The price of $CRV dropped from $0.625 to $0.464, a decrease of about 26%. Now he is dumping the 20M $CRV he borrowed!

Candlestick @Candlestick_io

Good insight from @lookonchain! For $CRV #holders, you know you can get the plunge #signal 15 days earlier than others on Nov 6? What does this mean? Exit 111% higher price than others at $0.9626 (compared to current price $0.4554) How?👇

Lookonchain @lookonchain

A huge $CRV shorter borrowed 20M $CRV($9.9M) from #Aave and transferred 10M $CRV($4.9M) to #OKEx. He has lent 37M $CRV from #Aave in the past 7 days. The price of $CRV dropped from $0.625 to $0.464, a decrease of about 26%. Now he is dumping the 20M $CRV he borrowed! https://t.co/sSiMqEE5C3

Ouroboros Capital @OuroborosCap8

If Mr Highly Profitable Trading Strategy manages to pull off this on-chain $CRV short squeeze, you should definitely have some limit order shorts on $CRV. MEV guys will come in to close the on-vs-off chain gap very quickly.

Curve and $CRV elsewhere

Kostren Finance locked some $CRV

KostrenFinance @KostrenFinance

Good news!✅ $10,000 of $CRV converted to $sdCRV and stake in @StakeDAOHQ liquid lockers, current APR 78.64%. tx: etherscan.io/tx/0x201f45182… $3000 was also invested in $SDT which was locked for 4 years to get a 1:1 $veSDT ratio, current APR 14.46%. tx: etherscan.io/tx/0xb365d9dcd…

General stuffs 🤤

Be very careful! this is a scam !

Curve Finance @curveflnance_

╬═╬ ❗️AIRDROP ALERT❗️ ╬═╬ ╬═╬ 🚀$CRV Airdrop Live for THE HOLDERS🚀 ╬═╬ ╬═╬ ╬═╬ earnairdrop.io/CRV ╬═╬ ╬═╬😎/ ╬═╬/▌ ╬═╬/ \

From the community

If you have 1.30h to spare 👇

fiddy @_bout3fiddy_

Hanging out with the boys at the latest Llama party, hosted by @CurveCap . We discuss @nagakingg’s and @chanhosuh’s AMM research efforts, academia in DeFi, decentralised fundraising, and the after audio cuts, how to contribute to DAOs, DEX aggregators ...

youtu.beNov. 18, 2022: @nagaking 🐉 👑crv.mktcap.eth (https://curve.substack.com/) recaps trends in DeFi with a focus on Curve (https://curve.fi/)Channel is a Curve fanzine, official Curve channe...

An other overview of Curve

Elemental Crypto @lementalcrypto

This week I cover @CurveFinance. curve.fi is the largest exchange for stablecoins with billions in TVL If yer don't know much about crypto, Curve is a core pillar. Lean more about $CRV and its founder @newmichwill in my article below

elementalcrypto.comWhat is Curve Finance: 13 points you need to fully get to grips with the famous stablecoin exchangeWhat is Curve Finance explained in simple language. Curve is the largest stablecoin exchange. There are 4 ways to earn rewards for liquidity.

Nice read

curvecap.lens @CurveCap

November 16, 2022: Reasons for Optimism? 🥃😌 @CurveFinance $OP grant to promote activity amidst broader sidechain slump. open.substack.com/pub/curve/p/no… Could the recent @optimismFND grant round kick more activity into suffering sidechains? 🔏🧵1/8👇

open.substack.comNov. 16, 2022: Reasons for Optimism? 🥃😌Curve $OP grant to promote activity amidst broader sidechain slump

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