Welcome to the unofficial Curve. protocol newsletter.
I hope I didn’t forget something
Always more fees..
.. And more rewards
Synthetix transfered monthly SNX rewards to Curve DAO. Those will be automatically converted to 3crv before Thursday next week etherscan.io/tx/0x600b88db8…
Proposal and vote
The vote to increase efficiency of stETH liquidity pool by factor of 5 (over 1 week, in 5000 steps) got enacted
Convexe finance is now live !
From the community
Convex or Yearn ? The community is still wondering
I would like to know as well. I think Yearn devs realized Convex is a serious competitor and decided to dump the weekly $EPS airdrops for $CRV to build up a bigger lead, hence the silence. EPS's FDV ($1.28b) is less than 50% of its TVL ($2.7b).🤡 Someone is dumping it very hard!
Cryptoyieldinfo @Cryptoyieldinfo@uni_cha0s Not sure yet. Would have appreciated bit more clarity about where the $EPS all went for the yvBOOST holders. I actually hold more yvBOOST than veCRV.
The bigger the TVL under Convex, the bigger the fee income for $cvxCRV and $CVX stakers. More cvxCRV = more locked $CRV = less CRV on the market. 📈📈📈
People are very bullish