Welcome to the unofficial Curve’s newsletter.
I hope I didn’t forget something
This week was relatively quiet. Think that didn’t happen since a long time. !
Proposal and vote
Curve LP rewards directly to veCRV holders ? What do you think about that ?
One possible solution to the Yearn farm-dump issue is to distribute farmed rewards as veCRV instead of $CRV, or at least implement some kind of veCRV/CRV ratio for farmed rewards which can be continuously voted on by governance.👀👇Technically feasible?🤔
gov.curve.fi/t/vecrv-emissi…
It seems technically possible
How to get Curve LP rewards directly to veCRV
Sharing some alpha from last August on how to claim CRV rewards immediately as veCRV at any proportion. It doesn't require governance action, you can build this at home.
Curve and CRV elsewhere
Lido resubmitted a vote to extend $LDO reward for the ETH/stETH pool
A vote for the extension of LDO rewards for the @CurveFinance ETH/stETH pool has been resubmitted 🏝️
Details: 3,750,000 LDO to be distributed to ETH/stETH LPs over the next 30 day period.
Submit your vote below:
mainnet.lido.fi/#/lido-dao/0x2…
Badger is now using Convex for it vaults using Curve’s pools. $CRV claimed or not sold any more.
The 5 new CRV LP vaults alongside the auto-compounding CVX and cvxCRV vaults are officially live!
➡️Anyone Can Deposit
➡️No Wallet Cap
➡️No Vault Deposit Cap
Deposit here now➡️app.badger.finance
Read more➡️badgerdao.medium.com/overview-f9e40…
👇
$CRV is now whitelisted on BancorDAO. Stake your $CRV and be protected against IL
$CRV (@CurveFinance) has been whitelisted by the BancorDAO!
LPs can now stake $CRV with single-token exposure & protection from impermanent loss while earning swap fees in $CRV
🦙 Stake & earn $CRV on bancor.network: app.bancor.network/eth/portfolio/…
Element finance added the crvSTETH. This is the LP token of the STETH yVault on Yearn.
We are excited to announce that crvSTETH will be onboarded to Element with a 90-day term (~5% APY) on Tuesday, July 13 💧
From the community
A nice read
1/ is $CVX the new $veCRV?
Convex owns 24%+ (57m) of all the $veCRV and soon will have a system where holding CVX will allow you to vote on how Convex uses their massive veCRV warchest each week.
I take a closer look at both tokens below 👇defidividends.com/is-cvx-the-new…
Another one with some nice parts.
Shall we play a game?
A battle for power is being fought between different DeFi protocols.
@iearnfinance, @ConvexFinance and @StakeDAOHQ are fighting for power over @CurveFinance.
Who is really fighting who, and what does the end game look like?
rekt.news/curve-wars/
Will we soon see a shortage of $CRV ?
With ~61M locked $CRV, @ConvexFinance has ~25% of all $veCRV & almost as much CRV as total CRV supply on exchanges all together (65.5M). With this pace it will exceed exchanges under a week. This is kinda crazy. Probably the most under the radar but important thing in DeFi rn.
Erfan P @Macro_Guy