12/22/21: The Golden Age ⭐🥇

Curve Launches v2 Pool Made of Liquid Gold

crv.mktcap.eth

Dec 22, 2021

Did you fear Curve was going to rest on its laurels after becoming the largest DeFi protocol by fully diluted market cap?

zengjiajun.eth @zengjiajun_eth

@CurveFinance just pass @Uniswap in terms of fully diluted market cap. What an impossible journey. cc @CurveCap

Curve remains hard at work, even as others have checked out early for the holiday season.

Curve Finance @CurveFinance

$XAUT / $USD (@Tether_to gold) pool is up. Can we make Gold the reserve currency again? Let's see! 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.curve.fi

This morning they filled a filled a pool with liquid gold.

bferrari (🌳,🌳) @bferrari2608

@CurveFinance @Tether_to Sick, crypto allowing investors to get a yield on gold! 👏

DeFi Whiskey @pray_eth

@CurveFinance @Tether_to Would be incredibly ironic if @PeterSchiff used Curve to corner the 150 billion USD *per day* gold trading market. Regulators want more transparency, on-chain transactions would deliver that and more (concentrated liquidity, razor thin margins that benefit consumers, etc.).

For those keeping track, a gold pool has been in demand since August of last year! At the time, the debate was which gold token would be best. Since then, the factory has become sufficiently developed that anybody could now launch their own v1 gold pool between a gold token of their choice and Tether’s XAUT. With the new v2 pool, any gold token could then be easily bridged to USD.

Foodfarmer.eth 🔊🦇 @rektfoodfarmer

Fact: #DeFi is powered by $CRV

Reading through discussions on DeFi forums about gold tokens last year, it’s cute to see so much discussion of oracle price feeds. Amazing how Egorov solved this challenge in the intervening year with his monumentally underappreciated crypto pool innovation.

DefiMoon 🦇🔊 @DefiMoon

Curve's V2 pool algo is a 0 to 1 innovation.

Richard Chen @richardchen39

2021 DeFi has been a year of incremental improvements (e.g. better stablecoin) and copycats on other L1s. @Uniswap v3 and @PrimitiveFi RMMs are the only 0 to 1 innovations I've seen this year.

Curve today has enough v2 pools that it even could serve as a price oracle in a pinch. It’s incredible to see just how quickly the pools catch up to equilibrium price.

Crypto prices check out. $CRV pool looks a bit janky though.

This would imply Curve is priced around $5 USD. Oh, that’s accurate! 🎉🎉

MoonFrog || $CRV Booster || 🐸🦍🦇🔊 @CFrogE1

Which one you rather have? Mocha Frappuccino or $CRV. Spend money to buy coffee and get rekt or invest in $cvxCRV and let the 3 incomes pay for the coffee for life? 🐸🤔

Bears… not really BTFO since they often hoard gold and they must be happy about Curve’s new gold pool. But the sentiment stands!

CoinMcBoinger @stonkmcdonker

@DgenFren This piece is 100 $CRV, will accept offers

Speaking of NFTs, wen v2 punks-apes pool?

Larry Cermak @lawmaster

The flippening is soon upon us innit punks floor = 53.8 ETH apes floor = 51.9 ETH 🍿

Strictly speaking, it may technically become possible to offer wrapped NFT pools when the Curve v2 factory drops. We don’t have specifics about the factory, but if it can operate between any generic ERC20 token and any main crypto (ie ETH or Tether), then all this would require is a single script capable of wrapping NFTs as an ERC20 token. If you’re based outside the USA and allowed to innovate, it could be a fun holiday project to build out just such a clearinghouse and make sure ERC721s are ready for the Curve v2 revolution.

Disclaimers!

crv.mktcap.eth

12/22/21: The Golden Age ⭐🥇

Curve Launches v2 Pool Made of Liquid Gold

Ready for more?