What'up on Curve ? #30

Everything you missed this week

Cryptouf

Jun 2

Welcome to the unofficial Curve’s newsletter.

I hope I didn’t forget something

New cover

Do you like it 🤔 ?

Housekeeping

Gas is cheap since few days. It may be time to claim some rewards

Curve Finance @CurveFinance

Oh btw. Gas is really cheap now: a claim costed only $7 in gas

Curve Finance @CurveFinance

Fee distribution is up! Happy claiming https://t.co/124adQY1ox

🌧 Fees 🌧

Last week was again an amazing week for LPs and veCRV holders. 2.25 Millions fees collected ! What’s next ?

Curve Finance @CurveFinance

Admin fees to be claimable tomorrow. Probably nothing

Fees reduced on Poly 📉

Based on some simulations, fees on Polygon are reduced

Curve Finance @CurveFinance

Simulations of @nagakingg showed that optimal fee in current conditions is 3bps (for maximizing profits). To put this assumption to a test, we've reduced the fee to 3bps on Curve.fiCurve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.polygon.curve.fi

CRV elsewhere

The rETH/ETH pool is now incentives with $CRV

StaFi @StaFi_Protocol

$CRV incentives pool is open for rETH/ETH pool on @CurveFinance Now

Curve Finance @CurveFinance

rETH [@StaFi_Protocol] and alUSD [@AlchemixFi] gauges are up. If you are a veCRV whale and in love with either of those protocols, you can make it rain $CRV if you vote within a few hours https://t.co/zBsNuuNGhd https://t.co/HtYAoWGBGh

If you are LP on convex in the cvxCRV/CRV pool, you will soon have to migrate in order to receive $Sushi rewards.

Convex Finance @ConvexFinance

Check out our latest on Medium! - New pools : alusd and reth - Sushi rewards - Recap since launch

Sushi Rewards + What’s newSince launch, cvxCRV / CRV and CVX / ETH LPs have been receiving double CVX rewards during a two-week bonus period. This period is set to end soon. Sushiswap has agreed to give our LPs sushi rewards…convexfinance.medium.com

Yearn purchased and locked 1.42 Million CRV. And a second buying wave should happen soon.

yearn.finance @iearnfinance

Yearn has purchased and locked 1.42 million CRV. This will increase both the boost of all Curve vaults and the yveCRV/yvBOOST rewards, earning depositors a higher APY. etherscan.io/tx/0xbbacc7a94…

And it seems Convex did the same

simp2win @Simp2win

It appears @ConvexFinance has purchased and locked 1.16 million $CRV. This will increase both the boost of all $CVX vaults earning depositors a higher APY. 👀 etherscan.io/tx/0xd4b20af86…

yearn.finance @iearnfinance

Yearn has purchased and locked 1.42 million CRV. This will increase both the boost of all Curve vaults and the yveCRV/yvBOOST rewards, earning depositors a higher APY. https://t.co/dfxIAn4UJU https://t.co/nEMdsTYH1m

🪂 New airdrop for veCRV holders !! 🪂

Justin Sun 🅣🌞 @justinsuntron

(1/4) 🚀 SUN.io is launching Genesis Mining and Governance Mining on June 2, 2021, extending the benefits to a wider audience! 💰 I will provide with 5 Billion $SUN to #Reward Miners and veCRV Holders. Come and Join now! Details ⏬ tronfoundation.medium.com/amazing-justin…

Amazing! Justin Commits 5 Billion SUN to Reward Miners and veCRV Holders. Come and Join now!To fulfil the requirements of the upgraded SUN project and its infrastructure, and build a one-stop platform that integrates stablecoin swap, token mining and self-governance, SUN.io is launching…tronfoundation.medium.com

Curve around the world ? 😱

Julien Bouteloup @bneiluj

Gauge supply on @CurveFinance Total: $3.5B Diplomatic war: 🇺🇸 (3pool) vs 🇨🇳 (hbtc) vs 🇷🇺 (usdn) vs 🇪🇺 (eurs but very little for now)

From the community

If you write articles, make analysis.. please do not hesitate to @me on twitter. Same is applying if you see amazing content about Curve (tweet, article, meme…) !

We are bullish on collected fees 😜

Crypto Bonaparte 🦅 @cryptobonaparte

Saying you’re bullish on stablecoins is another way of saying you’re bullish on $CRV

An interesting thread about $CRV and Curve

Molly @bigmagicdao

Curve @CurveFinance needs more appreciation and #crv is heavily undervalue. 1.the veCrv competition between @iearnfinance @ConvexFinance and @StakeDAOHQ , they all wants boost up their earnings and increase their APY by purchase and lock more #Crv.

It’s also very funny and interesting to see the “war” between Yearn’s and Convex’s lovers. Chose your side. But in both case it’s bullish for Curve and $CRV!

Few examples below: