What'up on Curve ? #61
Welcome to the unofficial Curve’s newsletter.
Hello guys gals and non-binary pals. 2022 is here ! So Happy new Year ! 🥳
It’s the first week of the year and there are already a LOT of things to share.
I’m sure this year will be crazy. This is just the beginning.
I hope I didn’t forget something
HBD ! 🥳
It was 2 years ago already ! Who was here ?
What ? What ? What ?
Kendric dropped an 💣
New Pools
2 new pools for this week !
SPELL/ETH
and ETH/T
Another V2 pool with T network token curve.fi/teth
T is formed by merge of $NU (@NuCypher) and $KEEP (@keep_project) which just has happened
General stuffs 🤤
EURt-USD @CurveFinance v2 pool is live on the site!
v2pools.com/eurt-usd/
S/O @_bout3fiddy_ for helping me get the v2 data
Who earns fees ?
More than 100% APY for the RAI pool
And what about the xAUT pool ? 👀
Very nice work ! Security first !
A risk assessment on @fraxfinance (#FRAX) as an asset in @CurveFinance pools: crvrisks.substack.com/p/asset-risk-a…
Issues found:
FRAX has a large attack surface.
Curve AMO assumes the collateral ratio to be constant.
PID Controller might not rebalance fast enough.
...
Vote and proposal
DAO are LPing
A vote has passed for @feiprotocol to shift $100M of ETH from their DAO treasury into an stETH @CurveFinance LP position to improve the productivity of their treasury 💪
tribe.fei.money/t/fip-50-eth-y…
From the community
There is some space before the top
Curve war again !
This is Why the Curve Wars are Being Fought: The Curve War Stack, Part 1
In this post, I detail how exactly Curve, CRV, and veCRV work. This is old news to some degens, but can be very confusing for those new to DeFi.
and again ..
Updated research just dropped on the Magnus Medium on the Curve Wars
Gauge Wars - The Convex Governance Blackhole & The Removal of the Bribe Ceiling
-Convex just became a governance blackhole
-Why bribes are going to continue to increase
Some TA ! I know you love it 🥰
since the $CRV wars became apparent, CRV has been one of the few defi tokens to buck the defi bear market trend and actually make good gains in ETH
the DPI down ~50% in ETH over the exact same period makes the contrast in selecting the "wrong" strategy even more glaring
찌 G 跻 じ ( 𝙃𝙚𝙣𝙩𝙖𝙞, 𝙎𝙚𝙣𝙥𝙖𝙞 ) @DegenSpartan
When famous CT are changing their mind !