January 18, 2021: Best Wishes to UI and $EURs 🤗💏 + $AAVE

Keep Ahead of the Curve

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

Curve is demoing a gorgeous new UI. Check out the discussion and mockups:

Having bested other AMMs, it appears as though the ruthless monopolists at Curve are next gunning to take down Curve Market Cap. If anybody has urgent need for developers of Vyper/Solidity smart contracts or Django/React web apps, come find us soon over at the unemployment office 😅

We definitely regret not living in Europe, not so much for the cushy benefits, but also for native access to that tasty $EURS pool.

129% CRV boosted reward! We double checked in case a metric percent sign is different than a classic percent sign. It’s accurate.

It’s also effectively 190% if you consider the spot price of the CRV token is around $1.50.

It’s also the best reward you can get on Curve at the moment.

It’s also been this high for almost a week:

Cryptoyieldinfo @Cryptoyieldinfo

$veCRV whales are earning 130% APR on euros. You don't have enough $veCRV. $CRV is the sleeping giant of defi.

We assume some part of this is activity is whales discovering Curve’s incredible new cross asset conversions. Another part is due to the fact that it’s the best place to earn SNX liquidity incentives, current earning a juicy 13.5% on top of everything else:

Synthetix ⚔️ @synthetix_io

Introducing a new 8000 SNX per week incentive to provide sEUR liquidity to the new @CurveFinance Euro liquidity pool, which also pools EURS from @stasisnet!

blog.synthetix.ioNew sEUR incentive on Curve!Details for the new SNX incentive to contribute sEUR to the new Curve liquidity pool

On the subject of uniquely denominated Curve pools, we observe great volume jumps for the $AAVE pool over the past week.

Anybody sleeping on AAVE should note the team is growing steadily, closing at $3B for their money markets:

A⍺LΞX ₿erto G @A_BertoG

⚡️ Strong start to 2021 on @AaveAave Money Markets which reached $3.4B of liquidity in this second week of 2021, finally closing at $3B 💫 $WBTC dominates liquidity with 25.6%🥇

The team has been considering implementing an “Exposure Ceiling” to protect against economic attacks, supply attacks, and concentration risk. This ceiling, akin to a debt ceiling, could be raised through governance, but would attempt to introduce enough friction to safeguard the system. Check out the thoughtful thread here.

Emilio Frangella @The3D_

A thread on exposure ceiling: An alternative solution to supply cap and/or isolated lending pairs to reduce protocol exposure to individual assets, while maintaining all the benefits of aggregated liquidity markets like @AaveAave. ⬇️

governance.aave.comBrainstorming: Exposure ceilingThe Aave protocol has some specific risk management characteristics. Compared to other competing technologies, it features: Custom liquidation penalty per asset Custom Loan To Value (aka borrowing power) per asset Custom Liquidation threshold (aka Maintenance Margin) per asset These risk paramete…

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