September 19, 2024: Roast of Curve 🍖🔥
What Curve could/should do better
Continuing in our ignominious tradition of serving as the rare maxi who commonly FUDs their own bags, we are pleased to present the Roast of Curve, also available in thread form:
The roast was inspired by a post that generated some noise:
Which inspired its own viral follow-up
While the exchange inspired a million thoughts of our own, we eventually concluded nobody would studiously read a left-curver LARPing as a mid-curver’s defensive rants about Curve.
Better to use our modest niche pedestal to present the unfiltered thoughts of the community as to where Curve could improve. We invited followers to “roast” Curve.
The responses ran the gamut from sage to silly. For convenience (and neutrality), we asked Claude to bucket and summarize the replies:
Product Development and User Experience
Simplify liquidity provision process
Improve documentation and user guides
Enhance UI/UX, especially for new products
Focus on core competencies rather than being a "jack of all trades"
Develop structured retail products on top of crvUSD
Marketing and Community Engagement
Increase marketing efforts, including embracing meme culture
Improve public image, especially after recent exploits
Revitalize governance discussions
Create new user guides for broader audience
Ecosystem Expansion and Partnerships
Integrate with more DEX aggregators
Expand operations to other chains (BSC, SOL)
Support ecosystem companies with funding opportunities
Approach businesses more proactively for partnerships
Financial Strategies
Implement CRV buybacks or burns to reduce supply
Pause revenue sharing to lower borrowing rates
Allow loans against LP positions
Develop staked crvUSD
Risk Management and Security
Address concerns from recent exploits (Vyper, liquidations)
Highlight Curve DAO's role in protecting users during incidents
Governance and Management
Hire proper management to allow devs to focus on product
Bring in advisors for stablecoin issuers
Improve the process for starting governance discussions
User Feedback and Engagement
Focus more on talking to users and understanding their needs
Attract more liquidity flow
Remain competitive with other DEXs, especially for stable swaps
Below we present the unfiltered roast, sorted by likes. We hope you enjoy our first ever Curve Roast!
That’s all! Perhaps on a slower news day we’ll add our own thoughts.
Until then we present some appetizing disclaimers…