March 2, 2023: Doom and Doomerer
Let’s see what’s going on around Curve… $blUSD is adjusting its parameters to make it more like a staked ETH pool.
Interesting on Fantom
Nice one: axlUSDC pool on ftm got pretty nice yield following the start of their bribing program on Votemarket. It's a nice balanced pool, fully redeemable in USDC, at 98% yield. Beat this.
The launch of rDPX v2 looks like a Big Deal™️.
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Yet all of this, and I find myself fixated on the end of the world.
Curve V1 had its smallest average trade size in over a year last week
At about $70k it was 12x smaller than the ATH hit on the week of December 19, 2021, which was over $900k
No… not that. More doomer…
I think this is THE correct take.📉
From the crypto perspective we have stablecoin activity dropping significantly across all metrics:
Andrew Kang @Rewkang
No, zoom out even further.
Three US Senators have written to @cz_binance saying his crypto exchange @binance is a "hotbed of illegal financial activity," according to @WSJ. @jackschickler reports.
Even worse…