Curve dominance across the DeFi ecosystem is unparalleled. Curve nodded at this directly in their screenshot of ParaSwap routing trades most efficiently through TriCrypto2. It’s an impressive achievement for this cutting edge technology to break through so quickly.
Unsurprisingly, everybody wants to get their hands on that sweet, sweet $CRV. If you’re looking to do something with your $CRV, you have so many choices. Many suitors are lining up for your $CRV. Here are possible destinations for you to research.
Of course the Curve-Convex symbiosis is stunningly successful at attracting $CRV through their heavy incentives for staking Curve.
The Serenity Fund @SerenityFundOk this factory pool is good for reinvesting $CRV. https://t.co/pZMJ06YDAx
No surprise that Convex has accumulated so much veCRV as to give their new Votium protocol the largest voting interest in Curve.
DefiMoon 🦇🔊 @DefiMoon5.71m $CVX locked in Convex governance (vlCVX) Convex has 93.9m veCRV 1 vlCVX controls 16.4 veCRV CVX fair value ~$39.68 @ $CRV price of 2.40? 🤔
Among other recent updates to their protocol, Convex has also bumped incentives on their CVX/ETH Sushi pool:
Convex Finance @ConvexFinance$crv rewards are live for the new cvxCRV/CRV factory pool, and available for deposit+stake on Convex! $cvx incentives formerly given to Sushi LPs on that pair are now active on the curve factory pool instead. $cvx incentives for CVX/ETH SLPs are still active + increase today! https://t.co/UhdXoO0FYQ
Thanks to the close relationship between Curve and Convex, it’s now quite common to see $CRV rewards elsewhere also come with a sprinkling of the scarce $CVX token.
CRV/cvxCRV Factory Pool
The rise of the decentralized Curve Factory is reinforcing the two way street between $CRV and Convex’s $cvxCRV equivalent. Since launching the $cvxCRV token has hovered fairly close to its peg. The existence of the CRV/cvxCRV Factory Pool 22 has become ground zero for this pair.
Over the past 24 hours the pool saw $1MM worth of volume. The pool is also now receiving $CRV rewards.
These trading fees and rewards are popping the pool to the top of the Curve charts.
This could open up potentially advanced DeFi trading strategies.
Just as Convex cornered Curve voting supply, Badger is looking to corner Convex.
₿adgerDAO 🦡 @BadgerDAOBIP 67 is live on the forum for feedback & signal voting. BIP by @mrpouni is to adjust the emissions schedule to support the launch of our upcoming locked @ConvexFinance vault. This vault has boosted rewards on CVX deposits + autocompounding for users. https://t.co/C9U36Nk36S
Check out the possibilities.
MIM is dumping money into Curve bribes, and it’s paying off. Suddenly we see the emergence of a MIM flywheel.
🧙🏼♂️ @MIM_Spell1/ @ConvexFinance 🤝 🧙🏼♂️ 🤝 @CurveFinance Use your 3Crv LP tokens, boosted by @ConvexFinance rewards, as collateral to borrow $MIM! A short 🧵 https://t.co/mWgFgzIySo
Harvest is getting in on the action, pushing $CRV and $CVX + $FARM rewards.
Harvest Finance @harvest_financeExplore new farmlands with the latest $TBTC Vault 🚜 Harvest delicious $CRV & $CVX topped with $FARM rewards 🥖 Get on 👉 https://t.co/gSwladtEax and earn an honest yield on your assets. https://t.co/hmYxFy89qd
Or you can look off-chain. Polygon recently joined the Curve bribe game.
Anton Nell @AntonNellCryptohttps://t.co/WOipmCRr9o A new player has joined the game. Welcome Polygon! https://t.co/HI74CgB4IK
So many great Curve strategies emerging, we surely missed some plays. Let us know in the comments if you’re using any of these strategies or if there are others you prefer.
For more info, check our Curve leaderboard at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/. Nothing in our newsletter can be construed as financial advice. Author is a $CRV+$CVX maximalist, and has a stake in the $MIM pool.