An analysis of the development of the Curve ecosystem, a rocky project by DeFi

This is a quick story

Before we dive into the details of recent events in the Curve ecosystem, here's a quick rundown that uses examples and announcements to best illustrate:

If you are not happy with this and just want the tech content, then move on to the next topic.

In 1936, a scientist named Jean Jacques Dozy discovered a gap while exploring New Guinea. Dorsey saw an unusual black rock emerge from the ground with green patches. Surprised by his discovery, Dozy describes the strata, did some research on them, and decides to look for the best (most valuable) product deep in his feet. Dozy wrote the report and called it the discovery of Ertzberg - “Ore Mountain” in Dutch.

Imagine how different things would be if he didn't find these strange stones. I would like to know if there is a word that describes this phenomenon ...

It wasn't until 1960, many years later, that Dozy's report fell into the hands of the executives of the Freeport Minerals Company. Forbes Wilson, then vice-president, was admired by the Ore Mountains and ultimately led the expedition to the top. Obviously, they like to see them.

These absurd mountains contain billions of tons of copper and gold. Obviously, this is a major discovery and one of the greatest achievements in the history of geology. After all, Jinsan doesn't arrive every day.

watch the path This process takes years to develop.

Thirteen years later the mine was finally reopened, after 116 kilometers of roads, a new town, port and power plant were built, Freeport was ready to mine the world's largest gold. Over the years, the Ertzberg and Grasberg mines have profited and profited from the completion of engineering.

The people won and we really conquered the Golden Mountain. All you need is the desire and determination to find something special - real diamonds, especially when you don't have them. Oh gold is good too.

Often times, the best and most rewarding opportunities arise when we try to fail at something too often and don't give up and take advantage of less than ourselves.

Sometimes such a great time will show you have to be dumb if you don't do your best to keep it up.

that's what I said

the war had just started

"He who controls the spices controls the whole universe." -Frank Herbert, Film Dune

If you've read my previous articles, you'll know that the last time I spoke about this topic, gossip like Mochi Money Loss and the next CVX pump (which luckily popped up) are some of our best stories. . delay. It looks like a million years since then, but only three weeks ago.

Marketing has been good this week. Almost all DeFi 2.0 tokens have generated overpayments, and CRV / CVX is also very popular in the market. Heck, even though it was a YFI pump, it was a miracle.

However, euphoria does not appear to be present in the picture, as most TC attendees are not happy with this situation. It ultimately led to this heinous war that received little attention. For better or worse, most are on the radar, with the exception of the powerful ones like Tetranode.

So what has changed over the past few weeks and how have businesses responded to the growth of the Curve ecosystem? Let us know.

In any case, the player with the highest CRV wins the game. Easy. We don't know just what this game will become or even why we want to play it, but we have a rough idea.

He buys cheaper tokens and sells more expensive coins. Decentralized finance (we all call it DeFi) is the dark west still in its infancy, and it will soon happen to anyone who looks a little behind the scenes. Things can affect.

To be honest, I don't think the war will burn anytime soon. Within three short weeks (but it seems like forever) this big change is happening.

CRV and CVX were the two top performing tokens last week, with most of the other DeFi 1.0 and 2.0 tokens performing similarly. Since price movements can often be linked to the day-to-day operations of many of these contracts, we will discuss this later in this article.

A different difference occurs between the old and the new, and DeFi 1.0 and 2.0 combine to create DeFi 1.5. At least that's what I want to call it.

But why are so many contracts unhappy with Curve and what are the benefits? Do you want to control bad registration for a distorted impression? Keep it simple, have as many CRVs as possible, and make sure your competition doesn't have time to buy them first. Simple, right?

“But Convex has a ton of CRV. Why bother? Of course, that may be true, but that doesn't preclude the hat-throwing recommendation. Do you remember our friend vlCVX? There is also support for using vlCVX to control Convex protocol decision making. Because if you haven't thought about it yet, it's very important and very influential in the DeFi arena.

At the time of writing, Convex holds over 51% of its CRV inventory. Most of the rules are true, right? The decision wasn't a way to craft enough CRVs to defeat the giants called Convex, so they looked to the next CLC expansion. If you can't hold them back, join them.

Same as WWII, but with tokens

Since my first article, I know more about this evil than I admit. You can imagine the so called Curve Wars often associated with reading Curves and the good traditional Curve tokens (I think they are called CRVs), but unfortunately you have to read a lot of data protocol and text.

Let's see some of the most important. As mentioned in the previous article, Yearn Finance is an OG contract and requires a lot of money. With over $ 5 billion in TVL, the past year has been a wave in the DeFi community thanks to data descriptions of enhanced token marketing. Yearn's goal is to become a black hole for redemption, which will be a beautiful month for YFI holders.

Some of these changes are similar to the CRV token industry, an improvement that I didn't consider. After all, Yearn barely appeared at the Curve Wars conference earlier this month. Of course, they worked with Convex, but that's nothing new. Everyone is buying CVX and it is a huge bargain.

However, Year plans to use the contract price to buy back the YFI in the market, the invoice will be returned to the pocket of the guarantor. In addition, those who close YFI will receive more rewards as well as the opportunity to vote. This gives veYFI holders the opportunity to bribe and receive more rewards, as seen with vlCVX and Votium.

NASA took photos of true black. This is what they see.

Are you satisfied? This is all really exciting as this is another new concept in the DeFi 1.5 arena. We've seen boos and boos from the concept of POL, but few have announced their voting time (don't know what it is).

To write this year's plan, it's a business effort of a beach ball (YFI token) that has been placed in a long water and a curved token (Ponzi scheme) together. Aka the number has increased. Everybody is happy. Summer DeFi is here.

Let's move on. Let me introduce you to Frax Finance by introducing the next player in this little game. The intellectuals and geniuses of Frax have developed another product that the United States Securities and Exchange Commission (SEC) loves: the Stabilitycoin "Split Algorithm »(FRAX). I'm sure.

Frax's mission is to create products that replace durable materials and offer the best of both worlds.

Sounds too good to be true, right? How do they achieve this goal? The Frax Token Policy is the FXS token, Frax Share, which is intended to collect the cost of the process to provide additional support for FRAX. As mentioned in the data, the more the FXS rises, the more FRAX does not support "creating a cap on the supply of tokens so that the market value of tokens decreases at all times."

In addition to management and accountability, Frax aims to develop the first unregistered and unlicensed version of the Consumer Price Index (CPI) regulated by FXS holders called REIT. This high goal may make people with TradFi training (or even eligible) want to try it, but it's just another requirement we hear every day on CT, unless Frax can.

Before we go any further, let's get back to the other soldier, Olympus DAO. Everyone loves OHM. 4 and 5 digit APYs, 20% big value, liquid contracts, who doesn't love this?

In case you didn't know, Olympus DAO is the first to comment on token and POL rebasing. Olympus DAO has over $ 800 million in assets and has proven to be one of the pioneers of the DeFi 2.0 movement. Many argue that the OHM will become DeFi's future successor and eventually become a form of Federal Reserve Bank distribution.

How does Olympus DAO do this? see

With the announcement of Olympus Pro, a new concept has emerged that binds the world of DeFi together. In essence, users can exchange LP Tokens or other valuables for a cheaper OHM, allowing the process to benefit more in a more streamlined way. These contracts have a vesting period, so the contract does not have to worry about hiring a farmer to ship and install the tanks on TVL. The title of this new concept is “Contract Accuracy as Service” or POLaaS for short.

One of the first contracts offered by Olympus was the OHM-FXS contract, which marked the start of a “strategic partnership”. These deals have always been two giants in the DeFi 2.0 space, as their specific focus could become the DeFi giant in the future.

By forming a partnership, Frax and Olympus are further complementing DeFi's design mission with the goal of eliminating the traditional financial process that leaves thousands of people in disarray. A split between the Fed and the CPI would be another option, as we are now seeing many differences between the CPI and the function of the Fed.

On many fronts this war is huge

Ok, the new one, same idea as before. Another joint venture deal with OHM and FXS is Dopex, an exchange that seeks to share equipment for DeFi. One of the recent features will allow Ohmies to make money in a new way. In other words, you are selling guaranteed calls using your gOHM single bet options chest.

If you don't know what telemarketing collateral is, it's the buy-sell agreement that the owner (or gOHM in this case) agrees to sell on the date and prices have been decided. In return, the call option seller is given the option to respect the price equal to the risk and probability of occurrence and to limit the upside to that price.

In this example, gOHM holders can bet on their product and seek a return on investment while managing the crypto derivatives while reestablishing the OHM. It's a win-win situation.

One of the biggest supporters of Dopex is @tztokchad. I'm still not sure how Dopex works, but I can say I love the great graphics that DPX supports TZ broadcast almost daily. I also see the integration of all these DeFi contracts very extensive and look forward to reducing the water scarcity through continued collaboration.

Regarding the fragmentation of liquidity, another consensus is available. Say hello to Tokemak. This is a team dedicated to creating the most profitable platform for every DeFi. Using reactors like miniature gauges, an individual Tokemak communicator and controller can deliver water to wherever it wants, reducing issues with curve / convex collapse.

The features that do the material contained without the material in reactor to get a strong energy to receive Taka Mac), and use it to determine the direction to fit. The tokemak now has more than $ 1 billed on TVL. I don't know if there are many funds from the market.

butterfly Effect

“Invisible and unmistakable, it's like a butterfly flapping its wings in a corner of the earth, changing the climate for half the earth in one movement.” —— Alice Hoffman, The Snow King

After reading a bit about the [REDACTED] cartel (referred to below as [REDACTED]), I knew I had a problem. [REDACTED] is one of the best presentations I've ever read, so I'll save the best one last time. This is satisfactory considering that this is an OHM fork.

Let's start at the top.

[REDACTED] It may be a fork of the OHM, but it's different. With base token support BTRFLY (brrrrr) [REDACTED] is the newest player in the game and he will never play.

They have raised over $ 70 million and have a turnover of around $ 250 million. Believe it or not, a team with a lot of money can do a lot and [REDACTED] like putting their money to work because they buy a lot of CRVs, CLCs and OHMs. Aiming to be L4 in Curve Wars in development (if you're reading it), [REDACTED] hopes to invest in the app for CRV, CVX, and OHM and simultaneously create a fully functioning Curve ecosystem. made from synthetic materials.

By playing the best role in Curve Wars, [REDACTED] hopes his vault turns into a black hole like the Yearn event. By collecting more than one of these tokens, you can work towards the goal of “voting as a service” or providing ve-aaS. These acronyms are easy to remember.

For some this could be Convex 2.0 while [REDACTED] is still supported. Just like everyone wants a CVX today, futures and DAOs can fight for BTRFLY, a successful BTRFLY agent for the vote on the value of the curve gauge. The growth of it all is a little different and the Ponzi industry is getting more and more different.

[REDACTED] OHM front forks have been in bad shape from the start, providing an opportunity to grow in the market. Now gOHM and Olympus owners can collect prices and connect to other DeFi branches. [REDACTED] 100% of GOHM's proceeds go to savings. Tokens close and their prices go up.

OHM fork threatens Olympus graphics and now [REDACTED] can help extend the process to many channels later. Olympus Pro has already started.

I think [REDACTED] is one of the best ideas that has been coming out of cryptocurrency for quite some time now. Almost like Olympus. Because they think they are giving the rules. Looking at DeFi sites and seeing the exact demand for tokens, [REDACTED] did the job that many contracts can initiate. People always give them money, and then the contract can be used to buy coins in the most profitable currency on the market (yes, I know these are contracts).

I think it's hard to deny the impact that [REDACTED] will someday have, and I think war is coming right here. The butterfly effect has already started.

convex effect

Oh, forgot the recent collaboration between Frax and Convex? I'm an idiot, how can I not remember one of the most important announcements of the last year ...

Convex recently announced that it will be accepting deposits from FXS as it sees opportunities in the Curve ecosystem with continued support from Frax Financial. Users who install FXS in Convex will receive cvxFXS and privileges via the FPI drop from Frax. Staking is no longer available at this time, but in the future, users will start receiving rewards from veFXS as they did with CRV on Convex.

This great upgrade is pretty much a lot and is one of the best Convex has made to date. Not only do they have incredible control over the curve, but they are using their reputation and resources to do the same with Frax.

Hope you are like me because I need someone to share this happiness with. Seeing this happening, I would like to know if Convex can stop and if we see some freedom ahead of us.

There are also no plans to offer TVL by Convex. Because I know there are too many. And it will continue to grow and I am sure it will outperform the CLC gains gained over time.

Convex may be the standard oil from Amazon or Web3, but it's hard to compare to anything I've seen before. $ 1000 CVX Coming soon.

See what Convex is doing

finally

Once at this point, you might want to know how it all plays out. We are looking at a table with competition, unless our hands are tied behind our backs because we have to wear blindfolds and reread the letters.

How can a nice person understand? Too much data and too little time to do it. What good is anonymous corruption with little capital and multiple sources?

The best advice is to follow your instincts. Really, take a look at all the contracts and coins I have mentioned and decide which one you think is the best place to save your money. Are you looking for a stable income while minimizing the negatives? Go with CRV. Want to go to the moon to buy a BMW? Buy DPX.

You don't need to have all of the variables in vlCRVgOHMveDPXvlsSPELLcvx. In my opinion, none of these parts are a problem. Of course, the size of the bet is also important, but almost anything will benefit you. The same may be true of wealth across generations.

DeFi has been in the bear business for too long and has finally come out of hibernation. We are almost 100% sure that these tokens will continue to rise as more and more people grab the contract price and the larger TVL.

Damn, we can pre-buy some of the tokens. There may be a lot of TCs that aren't involved in Curve / Convex Warfare, and a lot of smart people who haven't bought them yet. Or maybe it's old, and we'll all die.

Don't overdo it and try to think rationally. A lot of these tokens have gone crazy over the past few months, and there's a good chance they'll end up buying the best one. The best advice is to buy in bulk. Because things can be volatile in the future.

I still love CVX the most, but FXS really loves me. Curve has the coolest logo.

I'm sure there will be a whole new story in two weeks as well. So don't get stuck carrying an old bag. Because it can happen very quickly. Corruption is good, so do it often. You can reinvest at any time.

It is hard to believe that there will be so much noise when agreeing to compete for AMM which specializes in stable trading. Oh! However, this is still the most interesting thing that has happened to CT (encrypted twitter) and I have no idea how it's going to end. Something is insanely crazy

I follow you, but I am no expert, so please let me know if I am doing anything wrong or if any important information is missing. I apologize for the lack of drawings and paintings, but as I wrote I found it not really worth it. I think we can find enough content on Twitter, I want to give something else without being too heavy.

DeFi Response has been working recently, so I hope this article helps take the confusion out of it. To know more about this topic, let me know and tell your friends about it. Thanks for reading.