Dec. 3, 2024: Once You Go BlackRock 🖤🪨

Is BlackRock really buying our bags?

Congrats to Only “Just” Jousting on the launch of the new Curve DAO frontend!

Further details via the Github commit.

Incidentally, looks as if the four active governance proposals are sailing towards unanimous confirmation, all good choices by voters…

Is Blackrock Buying our Bags?

Betteridge's Law states that any headline that ends in a question mark can be answered “no.” So in short: “no,” Blackrock is likely not buying our bags, at least directly.

Fortunately, the article that prompted the speculation is far more bullish than bullsh*t.

The exuberance dates back to Black Friday. Incidentally, this was also the last time you could have bought a $CRV token at 50% off, before it became the “it” gift for the holidays. Curve published this great article on its revamped news site:

It’s a big announcement that took on an even bigger life of its own. In a nutshell, BlackRock's BUIDL (BlackRock USD Institutional Digital Liquidity) fund is leveraging Elixir's $deUSD protocol, which relies on Curve's liquidity infrastructure for stablecoin trading. A bit indirect, but good news all the same.

From there, degens saw “Curve” in the same headline as “Blackrock” and gave ourselves a raging green candle. And why on earth shouldn’t we celebrate… it’s been a long and grueling bear market. But if you misconstrued this to think that BlackRock is buying our still-distressed $CRV bags, you’re playing yourself.

Curve’s carefully measured and wholly accurate article certainly compares favorably with the shameless slop peddled by the rest of the industry. See if you can spot the difference…

While the actual text of the Curve-Elixir-Blackrock article left little ambiguity about the details of the partnership, in today’s climate nobody actually reads the full article. We just browse the headlines and jump to whatever conclusions we want to imagine.

So at risk of peddling something we said just last paragraph has zero market demand, reading the remainder of our article is paywalled. If you still can’t afford this princely sum after the past few weeks, we recommend you first subscribe to news.curve.fi and study it carefully until you make it.