August 20, 2021: Greasing the Flywheel π€π‘
Bribe Wars Accelerate $CRV Lockening, $CVX Votium Power
The successful launch of bribe.crv.finance is already having a major effect on the Curve ecosystem. We already observe the impact on gauge votes:
We also see the pot swelling, with ~$300K now available to regular users.
This is amounting to a welcome new source of yield for members of the Curve citadel:
Pro tipβ¦ if you hold a DeFi index fund token and graft is making somebody other than you wealthy, perhaps youβre getting screwed?
With the competition heating up, the synergies between Curve and Convex are accelerating. Curve emissions are nearly all getting vacuumed into Convex nowadays, making the impending launch of Votium more interesting.
Whales are taking notice and making quite a splash.
This trend is only accelerating thanks to the issuance reduction
Convex hasnβt even worried about expanding its footprint outside the Curve ecosystem. $CVX is just getting startedβ¦
Did somebody say flywheel?
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