What'up on Curve ? #112
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Very quick newsletter this week ! Will be back to full business next week !
Proposals
There are coins under the pillow !!! r
A vote to upgrade fee converters (burners) for crypto pools. Will help to get some coins from "under the pillow"
Risks
Amazing job ! Once again !
75%+ yield on clevCVX-CVX, Borrowing w/o Liquidations, Leveraging Curve wars and the power of FRAX.
But what are the risks of using @0xC_Lever ?
@diligentdeer has covered risks associated with clevCVX & clevUSD. A summarising 🧵
REPORT: cryptorisks.substack.com/p/asset-risk-a…
0/14
Pools
Gearbox is shipping
Gearbox ⚙️🧰 V2 LIVE @GearboxProtocol
Nice growth for FRAX
Wow. $FRAX is killing it on Curve.
It has almost $500M in TVL on it's 4Pool-- while the mighty 3Pool has $600M.
PLUS has almost $500M in Frax/USDC as well (!)
$LUSD is also doing quite well ... and $MIM is hanging tough, surprisingly.
Curve and $CRV elsewhere
If you understand what it means !
Santa brings undocumented alpha:
Flash swaps @CurveFinance - newer pools have a method exchange_extended (
etherscan.io/address/0x3211…)
It only allows you to pass signature of function to call on receiver address - no payload, so you might need to use storage.
@CurveCap aware?
Nice move
1/Great news! The proposal to redirect 10k SNX in weekly inflation to incentivize liquidity in @CurveFinance synth pools has passed. That's ~$15,000 in incentives from @synthetix_io.
Synthetix will now be able to better support synth liquidity and atomic swaps on ETH mainnet
General stuff 🤤
Very interesting comparaison
This week we dive into an annual performance review comparing @CurveFinance and @Balancer by analyzing the fees structure and revenue generation of these protocols 💸🗳️
👉 weeklygauge.substack.com/p/weekly-gauge…
29% APR on Paladin
The alpha is @Paladin_vote
Diligent Deer @diligentdeer
From the community
Amazing thread
Yep, Curve is kiling it
@lex_node @CurveFinance Gauge voting has 96.44% participation rate, I think we've found a clear winner in terms of how to operate a "DAO" effectively (using continuous voting through locks vs. discrete voting on proposals)
Read and learn
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