December 22, 2020: Bitcoin dominance, new pool rumors, $RSV wakes up 😴⏰

Here are today’s trends to watch from Curve Market Cap:

• Bitcoin pools are going nuts, with over $30MM in volume moved across Curve pools across the past day.

• $REN pool enjoyed the most action of the BTC pools from a few major whale moves. We also saw >$1MM volume on sBTC, tBTC, and hBTC — all the classic bitcoin pools, as opposed to the recently launched pools.

• $RSV is one of the less active Curve pools, with only $500K in total reserves and typically less than $50K in daily volume. So when a few large moves happened last night it was enough to tip APYs north of 10%. RSV adoption is heaviest in South America, so we won’t have a lot of visibility into the cause of these moves until we get around to opening our Curve Market Cap beach office in Rio.

• Aave you heard the rumors? Sniffing public endpoints across the Curve ecosystem we see hints that an Aave pool may be coming soon. An Aave pool was the subject of a recent governance proposal, and the team has been on a tear, so we wouldn’t be surprised to see it launch soon.