January 15, 2021: The Newest Dollar Coin? 💵🤑

Keep Ahead of the Curve

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

Who likes infinity pools? Yesterday the team announced permissionless pool creation in partnership with Yearn:

Andre Cronje @AndreCronjeTech

What does this mean? The proof of concept site is available at https://crv.finance/, allowing for conversions between the $mUSD dollar stablecoin and the classic Curve TriPool.

Ultimately, this allows anybody to quickly create and deploy their own metapool between any token and 3CRV or $sBTC. Full details of pool creation are available on the Curve resources page. With the ability to create new Curve pools now open to the general public, we may see the power of Curve liquidity pools extend to any crypto projects.

Of course, anybody choosing to swim in pools without lifeguards should meticulously research the added risks inherent to these pools. The Curve team has limited control over such pools, only the ability to make adjustments to the amplification parameter.

Julien Bouteloup @bneiluj

@MonnaieCryptoFR @CurveFinance @charlie_eth Correct they are dangerous. Those pools will be placed into experimental sub domain / different website and are different from the pools being deployed by Curve team. Please be very cautious. But DeFi is about building solid or experimental permissionless lego caviars

banteg @bantg

@ALALI923 Permissionless Curve pool factory. Now it's possible to create misconfigured Curve pools for every algo stable out there and get rekt on them even harder.

For pools created through the factory, 50% of trading fees accrue to the Curve DAO, meaning potentially more benefits to Curve holders.

Seignior Bonaparte 🦅 @cryptobonaparte

Yes, this means another source of fees for $veCRV holders crv.finance

We never engage in price discussion or speculation here at Curve Market Cap, but we do celebrate the recent rise in the underlying value of the $CRV token possibly related to the new announcement. Earlier today the $CRV token hit over $1 for the first time since September.

With so many dollar coins trading on Curve, it’s great symbolism to see $CRV serving briefly as a dollar token, thanks as always to the vision and dedication of the highly active team.

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