Curve Daily Top 5 by Volume What’s the best place around the flywheel to park your $CRV?
Top 10 ranking of $CRV single exposure yield as of 13-Feb-23:
1/ asdCRV (sdCRV boosted): 57%
2,4,5/ yCRV/CRV on Stake DAO/yearn/Convex: 40%/37%/33%
3/ st-yCRV: 38%
6/ sdCRV/CRV on Convex: 30%
7/ aCRV: 25%
8/ cvxCRV on pickle: 25%
9/ sdCRV unboosted: 23%
10/ cvxCRV (crypto): 22%
6:16 PM · Feb 13, 2023
6 Reposts · 28 Likes
As you can see, there’s a variety of beautiful destinations, mostly involving a combo of Aladdin, StakeDAO, Yearn, and Convex.
We bring this up mostly to show off the robust family of applications that touches the Curve flywheel in some fashion, often building atop each other.
Over the past few weeks, we’ve noticed a ton of development announcements related to so many of these protocols. One reader commented that all the building being done during the bear market appears to be coming to fruition.
Here’s a quick rundown of so many of the updates we noticed across the flywheel — each of these could have been expanded to full articles, but here’s the cliff’s notes versions. We may have missed some so feel free to drop more in the comments!
With Curve and AAVE racing to see who can launch their stablecoin slower, there’s another interesting governance battle playing out. The protocol has a stack of nearly 650K $CRV, and is debating what to do with this stash .
Amazing! let's get to lock crv into sdCRV🔥
Support achieved from Admirers, ACI and
btw StakeDAO quantitative approach is always a must while making decisions 🚀
9:54 AM · Feb 14, 2023
10 Reposts · 50 Likes
The Aladdin DAO team, encompassing Concentrator and CLever, have had a series of major Curve DAO votes resolved in the affirmative.
Concentrator @0xconcentrator
It's a governance extravaganza!
Our newest proposal, to whitelist the Concentrator multisig wallet to lock CRV, is now live
Help us to integrate more deeply participate in Curve governance. Vote today!
veCRV:
CVX:
vote.convexfinance.com
Snapshot
9:16 PM · Feb 22, 2023
4 Reposts · 10 Likes
The team is still riding the highs of its partnership with StakeDAO to launch $asdCRV, the top yielding destination for $CRV.
want to get juicy apy on CRV? and bring to you asdCRV 🥵
4:32 PM · Feb 16, 2023
6 Reposts · 30 Likes
The new protocol, which we covered last week, has begun operating its leverage rounds.
Archimedes 🏛️🦇🔊 @ArchimedesFi
Our new ⚖️ Leverage Round has started!!
Here's How To Open A Position 👇
🏛️ Select a stablecoin and type in the deposit amount.
🏛️ An estimation of the user's $OUSD collateral will then populate the bottom field and the page's data menu.
👉
12:38 AM · Feb 24, 2023
1 Repost · 13 Likes
If you were early to Archimedes thanks to our newsletter, you’re welcome! Following early developments in the flywheel ecosystem remains indistinguishable from magic. (We also have receipts to prove we frontran the China narrative !)
The pool yield has calmed to about 40%, but the system is rolling out to great effect.
Philipp (🌿,🌿) @PhilippInvest
Heads up to all stablecoin farmers!
You can earn 86% APR on your stables in the new lvUSD pool.
Here is a short breakdown 🧵
9:26 AM · Feb 21, 2023
9 Reposts · 44 Likes
A good overview:
🉐 Crypto Linn @crypto_linn
Ok ok ok, Linn find something Linn likey very much:
Lending/borrowing up to 10x leverage using G(r)eek Auction for fair leverage price discovery
$ARCH launching their 2nd Leverage round today…
Mega Bullet Pointage below:
2:18 PM · Feb 23, 2023
10 Reposts · 95 Likes
We’d need a bigger newsletter to cover all of Frax’s dev activity (which, incidentally, is why FlywheelDeFi exists and must be followed).
Many big announcements as always, but two in particular we wanted to highlight. First up, Frax launches veFPIS for the token underlying their inflation-based stablecoin:
FlywheelDeFi.eth @FlywheelDeFi
Frax just keeps on shipping 🛥️
This time, veFPIS has entered the chat, bringing yields and a new paradigm along with it 🌐
Catch up with all the alpha in our latest 👇
flywheeloutput.com
Frax Launches veFPIS Staking & Explainer of the FPI Ecosystem
4:36 AM · Feb 21, 2023
14 Reposts · 43 Likes
Second, the protocol voted unanimously to adjust their collateral ratio to 100% backing. This was badly misreported, so DeFi Dave corrects the record:
DeFi Dave (¤,¤) @DeFiDave22
The headline in the article is a bit misleading (and I've seen a few outlets mess up this reporting on this topic today).
For those wondering why Frax will be 100% collateralized in the near future, it's because it's the safest and most capital-efficient stablecoin design 👇
Cointelegraph @Cointelegraph
The Frax stablecoin will become fully collateralized following a 98% vote in favor of a proposal to ditch the algorithmic model. https://t.co/ImCS4gUpl8
5:44 AM · Feb 23, 2023
2 Reposts · 12 Likes
The $LUSD stablecoin remains a bespoke example of a decentralized stablecoin. It’s now supported at AAVE:
tokenbrice.eth (🥚,🐔) @TokenBrice
The $LUSD v3 markets are live, enabling users to borrow LUSD using any collateral supported on v3
v3 introduces caps, but also the eMode, if governance enables it for LUSD
Wonder why having LUSD borrowable/collateral across matters?👇
10:05 AM · Feb 22, 2023
9 Reposts · 34 Likes
Maker DAO, the team behind Dai, has been aggressively pushing their way towards TradFi.
Maker Governance votes on a $100 million loan participation with , an FDIC-regulated Florida bank with $1.2 billion of assets
🗳
Based on HVBank's deal structure, seeks the second US-based bank integration in DeFi
6:32 PM · Feb 22, 2023
2 Reposts · 11 Likes
Somewhat confusingly, they’re also pushing in the direction of $LUNA?
PaperImperium @ImperiumPaper
It’s devastatingly disappointing to see ’s co-founder pushing this plan. It’s as if nothing was learned this cycle.
11:06 PM · Feb 23, 2023
25 Reposts · 269 Likes
Concerns rebutted here:
Barry Fried 🦇🔊 @BarryFried1
Big names in the space still think LUNA was backing UST, whilst MKR backing DAI at some super high MCR is an equivalent (yes it def sucks/isn’t optimal, but it’s nowhere near LUNA/UST)
Bullish
9:28 AM · Feb 24, 2023
2 Reposts · 17 Likes
The $OHM token is seeing a massive revival of activity as we enjoy signs of a bull market. It’s important to remember that despite token prices going down, the protocol never stopped controlling a large treasury. They wanted to put their idle assets to work yield farming, and the big brains chose the FraxBP:
OlympusDAO |Range, Bound| @OlympusDAO
We’re depositing $33,000,000 into the FraxBP!
4:18 PM · Feb 20, 2023
29 Reposts · 139 Likes
OlympusDAO |Range, Bound| @OlympusDAO
The Ohmies recently voted to pass the initiative to put idle treasury assets to work to earn risk-adjusted returns. The yield is estimated >4% including $FXS rewards.
This added revenue further strengths the backing of $OHM
4:18 PM · Feb 20, 2023
3 Reposts · 38 Likes
Redacted Cartel enjoys sitting in the shadows tossing gasoline onto the fires of the sundry DeFi Wars and turning it into profits.
Akado アルカード 👨🌾🌾 @AkadoSang
I just published Fundamental Analysis: ████████ as the Protocol Designed to Profit From All Wars
2:50 PM · Feb 18, 2023
10 Reposts · 46 Likes
The role of Pirex in the Convex Wars is often overlooked, perhaps because the useful DAOCVX resource doesn’t include Pirex’s stack in its methodology.
The Pirex stack totals 2.7MM CVX, a stack only exceeded by Frax Finance.
🐧 Ethereum Damien 🎣🦋🦇🔊 ███ @0xDamien
MASSIVE PIREX $CVX DEPOSIT
4:05 PM · Feb 13, 2023
1 Repost · 12 Likes
Akado アルカード 👨🌾🌾 @AkadoSang
People keep locking significant amounts of $CVX on Pirex. May I remind you this is without any token incentives (or dilution to $BTRFLY) whatsoever and simply because they enjoy this product
With this Pirex just hit 2,700,000 CVX and $DINERO becomes stronger
8:54 AM · Feb 22, 2023
10 Reposts · 60 Likes
Earn float like a $BTRFLY, sting like a bee…
StakeDAO’s partnership with Aladdin DAO to build out $asdCRV has already been noted. The team has had a number of other notable achievements, but the team’s work with their Vote Market birb aggregator cannot be dismissed.
10+ opportunities with 30%+ APR on Votemarket 👀
$647K rewards for this round.
2:30 PM · Feb 20, 2023
6 Reposts · 15 Likes
The Synthetix team completed audits and launched v3 onto mainnet.
Synthetix V3 is on Mainnet.
mirror.xyz
Synthetix V3 is on Mainnet
9:23 PM · Feb 22, 2023
19 Reposts · 63 Likes
The new version has yet to attach markets to it, but was built in a way to be compatible with existing positions for easy upgrades.
It’s good news for the users who have enjoyed trying Synthetix v2 perps. They launched dozens of markets, already driving $300MM in volume .
Synthetix ⚔️ @synthetix_io
Synthetix Perps is a groundbreaking development for on-chain perps traders.
Benefits include deep liquidity, low fees (crypto 5-15 bps; gold/silver 1/2 bps; forex 1/2 bps), and 23 fully on-chain perps markets.
Learn more at SNX perps frontends 👉 & .
3:00 PM · Feb 22, 2023
31 Reposts · 130 Likes
Yearn Finance’s $yCRV launch has been a pleasant success at holding peg and delivering high yield. The team is now teasing their entry into the LSD wars:
Introducing yETH, an LSD of LSDs.
💊 Get exposure to a basket of LSDs in one token.
🌈 Spread your risk.
🍄 Boosted yields.
Get ready to expand your mind anon.
6:49 PM · Feb 21, 2023
51 Reposts · 357 Likes
TheBit Research @TheBitResearch
Multiple reasons why we are bullish on $YFI :
- Permissionless Vaults on top of
- $veYFI , a brand new set of tokenomics
- $yETH , Index that will represent multiple
- $yCRV and getting a proper presence in the
wars
6:34 PM · Feb 22, 2023
4 Reposts · 10 Likes
We’re sure we missed plenty of alfa — plug anything we missed in the comments! Disclaimers !
