Ahead of the Curve#006
In governance...
The main event of the week was no doubt the launch of cross-asset swaps on Curve. Those new swaps allow anyone to trade across different Curve pools via Synthetix.
Those swaps were released just about 7 days ago and account for around $41m volume, a modest share of Curve total volume that we hope will continue to grow once Paraswap and 1inch add them.
You can try cross-asset swaps on Curve right now and trade any asset sharing a pool with a synth (sBTC/sUSD/sETH/sEUR).
Another big release this week was the pool factory developed with the help of Andre Cronje which lets anyone deploy a Curve 3Pool or sBTC Metapool.
The factory is available at https://crv.finance/ with a growing list of pools including ESD, DSD, Frax, BAC, MIC and others...
https://t.co/Wf6qt9Ynzr updated;
— Andre Cronje (@AndreCronjeTech) January 15, 2021
Deployed pools; BAC, MIC, FRAX, ESD, DSD.
- swap, add liquidity, remove liquidity.
**NO SLIPPAGE PROTECTION CURRENTLY**
Next update will include create-pool and slippage protection. https://t.co/P07ynn83J9
We also introduced a first sneak peek at a new retro modern UI which is currently being worked on. This new UI will not replace the existing one and is simply meant to offer an alternative option to Curve users.
Finally, Curve reached a new TVL all time high:
In the news...
Cointelegraph try to find logic into crypto markets
AltCoinBuzz discusses cross-asset swaps
In the ecosystem
Tetranode discusses Curve tokenomics:
The $CRV tokenomics model is the best I've came across in the space so far. Very well thought out.
— Tetranode (@Tetranode) January 22, 2021
I made fun of it on release for the shady manner of contract deployment and fat insider allocation... now using it, I wish all token models were as mature as this.#skininthegame pic.twitter.com/3vHIoZk37X
TokenBrice made a nice explainer on getting started with Curve and understanding the infinite power of CRV:
The @CurveFinance #DeFi game explained:
— TokenBrice.eth (@TokenBrice) January 23, 2021
1.Tutorial 🔐 $CRV TimeLock
2. Farm 💸 Earn 3CRV
3.PvE 👾 Boost your LP rewards
4.PvP 🤺 Vote on gauge-weights
5.RvR ⚔ Governance & inter-protocol governance
⚠yveCRV = renounce 3-5 for ~30% ⬆(2)
Guide 👇https://t.co/sW1AyPlX1b
Alpha Finance release their v2 audits which may or may not have some interesting Curve leveraged products:
Alpha Homora V2 audit, first by @Quantstamp then by @peckshield, have been completed!
— Alpha Finance Lab (@AlphaFinanceLab) January 20, 2021
We've resolved the issues raised and have uploaded the 2 reports in the link below.https://t.co/9ZsJLceesr
Opium offers a way to hedge against Tether:
Perhaps the most significant risk when you stake at @CurveFinance is a stable coin solvency🤔
— Opium (@Opium_Network) January 22, 2021
💡💡💡
You can buy #USDT protection with https://t.co/cdZY9goLd6 with a couple of clicks on the new interface
💡💡💡
Now, after the soft launch, the open interest is 800k...#usdtFUD📈📉 pic.twitter.com/6nKmbksWoZ
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