Here are today’s trends to watch from Curve Market Cap:
Congratulations to the Curve Market Cap community! We won a January/February community grant, which would not have been possible without your continued feedback.
Our product roadmap is entirely driven by feedback like this. For instance, we just added a “Max Rewards” column based on a combination of the APY + max boosted reward based on the current spot price of $CRV. Much more in development being pushed over the coming weeks, so keep your thoughts and ideas coming!
High on ETH
Ethereum passes its all-time high as the global computer gains strength against Bitcoin.
Where should you have put your ETH had you been staking on Curve?
Both pools are performing relatively strongly and currently would have been good places to stake your ETH. The $sETH pool is seeing volume high enough to land it into the top ten, along with far better rewards of 21-53%. What the newer $stETH pool lacks in rewards, it makes up for with an additional 35% LDO rewards that closes the gap somewhat. One interesting note about the $stETH pool is that it is often imbalanced:
The LIDO team even encouraged its users to stake directly on Curve to rebalance the peg:
Binance on Fire?
Binance is so rich it’s actually lighting money on fire:
Binance promised to burn half its total supply (100MM BNB), and has been accelerating this rate based on shifting criteria. Just yesterday it completed a record burn of $166MM:
To mark the occasion, they published a blog with some recent updates, including some details about progress on the Binance Smart Chain:
Binance coins have been faring well on Curve lately. $BUSD and $BBTC volume are up day over day, and factoring in boosted rewards they are both in the top ten by max potential volume.
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