Curve DAO Token
MIM (aka Magic Internet Money) is the latest stablecoin to blow up. Peg has dropped to as low as 92c and treasury is insolvent. It has a mcap of $220M. The team are buying CRV - a volatile ponzi play. Daniele Sesta says its FUD, while other dev Tetranode has posted a goodbye...
If I wanted to sleep at night then the easy choice is ATOM and AVAX. If I wanted to sleep partially at night then I'd go with MATIC and ATOM/AVAX. If I wanted potential face melting gains I'd go MATIC and FTM. If I am a degen gambler I go ONE even tho that doesn't even seem like much of a gamle right now since the price wasn't very effected by the exploit...for now. CRV is not mooning any time soon. The market for what it does is flooded and the only thing CRV does better than the others is be reliable but people don't care about reliability as much as they care about % returns...often to their detriment. I don't know enough about KDA to have an opinion.
YFI = Year Finance, defi crypto. IIRC YFI is initiative to gain market share of other notable defi crypto (CRV mostly), like CVX. MKR = Maker, one of first borrowing / lending platforms that still has significant [share](https://www.defipulse.com/). (been a while since I looked at both of these but that is the gist of it as I remember). But both are part of defi ecosystem and pretty prominent players, they don't have much function outside of defi so if you are not familiar they will probably hold little meaning.
$MIM is not backed by CRV, the treasure holds CVX in order to increase the CRV rewards that are given to their specific $MIM pool. $MIM I'd backed by assets like Bitcoin and Ethereum. Go see for yourself,it seems you do not know how Abracadabra.money works.
>Like name me coins that have solid use case right now CRV, CVX, just to name a few. CRV is the central bank of DeFi where majority of the stablecoin swaps are happening. venture into DeFi if you are a finance guy, make yields type of guy and you will find more answers about use cases.
$MIM is not going to crash crash like LUNA. It is backed by over collateralized CDPs, many of which generate revenue while they sit there. When the price of $MIM < $1, people are incentived to buy it and pay back their loans for less in terms of USD. Similar to Maker though the fees are much lower and you are able to borrow more with your collageral. Curve is one of the best and most used protocols for stable swaps and more. With the announce of a EUR stablecoin from Circle and many other Forex stablecoins, curve will still generate revenue in a bear market. Most DAOs are buying $CVX instead of $CRV in order to to direct emissions to their liquidity pools and incentive more users to deposit into the LP.
Too many from this list are on my portfolio - ANKR, ALGO, CTSI, CRO, CRV, DOT, MATIC, NU, XYO… but honestly, this is nothing new. It sounds like the good old FUD that ends up in nothing new basically… I’m not worried at all! We’ve been through this many times!
tldr; Tokemak has begun the long-awaited deployment of liquidity in the CRV Wars. Tokemak LPs stables into Curve and then uses the gained $CRV for locks in Convex. The strategy creates a symbiotic relationship between the stableswap protocol Curve and the liquidity black hole Toke *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
>Fuck your publicity. > >Let people do their own research. > >Altcoins are bleeding and 99% of them will die. > >CRV will probably be part of them. > >Scammer. > >Find God. It's just an article, just because you don't believe in the success of the CRV team doesn't mean they're scams
Sold a portion of my OP airdrop. Deposited into sUSD+3CRV pool on Curve to collect 5% CRV and 200% SNX rewards. Bridged the other half to Arbitrum to stake and increase eligibility for their air drop. Man I love early DeFi.
LP farming Is not the same as staking, never mind on a network that's borderline unusable like Cardano, where Is the APR coming from if not trading fees? Probably an hyperinflationary govermance token that's designed to go to 0. I say this as someone who Is LPing AND staking on ADA just out of conviction for the project. I'd very much rather provide liquidity to stable pairs or Curve as an investment, you know exactly where the rewards are coming from and CRV has an actual compelling use case (bribes for Voting)
I have been and always will be obsessed with the crv token partially because of the price action and partially because of the pools on it I unfortunately dumped it all today as I finally was in the profit after investing more than I could afford to lose I will try to average back in if there is a opportunity ​ does anyone else invest in CRV-USD?
I think traditional equites and crypto are going to get a lot worse this year. As someone who has been through 2014 and 2018, I am sticking with cash until minimum Q4. To be more specific, when the media stops covering crypto 24/7 and google analytics shows a low in crypto-related search activity, that is my signal to buy. When it comes time to buy, I am looking for coins/tokens that have staying power rather than 100x moonshots. Besides BTC / ETH, I would love to load up on CRV, UNI, and AAVE since they are DeFi foundations. BNB and FTT are on the list too. I am in this for the next generation, no plans to ever sell. Sometimes a boring office job that pays the bills and leaves extra to invest in crypto is the way to go.
Yield farm just refers to smart contacts that maximize yield by investing across multiple projects Example: * Depositing ETH and USDC into Aave to earn interest ~1% * Depositing the aETH and aUSDC Aave tokens into a Curve liquidity pool to earn another 10% on swap fees * "Staking" the Curve pool tokens to earn 10% CRV incentive rewards, which are converted by the smart contact into ETH and USDC and used to deposit more into Aave
Your Daily Dose of Crypto : • Former BitMEX CEO Arthur Hayes is set to face sentencing in a federal courthouse in New York on Friday after pleading guilty in February to charges that he willfully failed to implement an anti-money laundering (AML) program at the exchange. • SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French IT company Capgemini to conduct experiments with cross-border central bank digital currency (CBDC) payments. This is SWIFT’s second research project on CBDC. • Panama President Laurentino Cortizo on Wednesday said he may veto a recently approved bill that would allow citizen to use cryptocurrencies as a form of payment in the Central American country. • Tether reduced its commercial paper holdings by 17% from $24.2 billion to $20.1 billion in the first quarter, according to its latest attestation report. • Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million. • Avalanche, a smart-contract blockchain, said in a tweet that Luna Foundation Guard (LFG) – the entity behind the reserve fund set up to backstop the Terra blockchain's now-failed UST stablecoin – has “disclosed no plans” for the 2 million AVAX tokens currently sitting in its treasury. • Tether and Bitfinex CTO Paolo Ardoino said that the Terra (LUNA) project was not intended to be a rug pull, but was simply “poorly designed.” • U.S. cryptocurrency exchange Coinbase Global (COIN) is pausing new hiring for two weeks and slashing cloud spending on Amazon Web Services, along with other cost-cutting measures following its recent weaker-than-expected earnings report and the overall crypto market rout • The U.S. Department of Commerce’s International Trade Administration is seeking public comments on how it can respond to President Joe Biden’s executive order on crypto, according to a notice issued on Thursday. • Blockchain gaming company Azra Games has raised $15 million in a seed funding round led by Andreessen Horowitz • Stablecoin swap application Curve Finance is proposing to end emissions of its CRV tokens from pools related to terraUSD (UST) after UST's implosion last week. • FTX US said it will begin testing stock trading functionality for a handful of U.S. users. Brokerage accounts can be funded with the stablecoin USDC, the exchange said.
Buy ETH and it's like you're investing in all of them. The main problem with a lot of dex tokens right now is many don't actually accrue value from the protocol (ex UNI) and/or they suffer from lots of dilution due to inflationary (SUSHI, CRV) rewards. If you can afford working with Eth mainnet, Crv , put into veCrv or vlCVX are good options if you take advantage of bribes like with Votium or Hidden Hand. veBAL is another option for bribes although veCRV is still the main target of most bribes. If you can't afford Eth mainnet, then GMX on Arbitrum is one of the few dex tokens which does actually accrue value from the protocol, but you should do your own research to make sure you're comfortable investing in it.
In order from largest holding to smallest. Ust, Eth, Avax, Dot, Ftm, Atom, Algo, CRV, Sol, Ewt, Rndr, Ada, GHX, Elon, Luna. I’m hodling because I refuse to sell at a lose at this point. This is my first full year in Crypto, I made a lot of mistakes but I refuse to give up. Going forward I will only dca into Btc and Eth.
I have stables standby to DCA in my long term positions. I did buy some BTC at 26k and i think we got to 33-35k eventually before again dropping to 20k ultimately Will sell at 33k area to buy in dip again. Will be looking to increase my ATOM CRV CVX GREEN DAFI BTC holdings.
My comment will get buried and that's okay None of you are hitting the spot in terms of what happened. All big VCs and big projects invest heavily in marketing. This sub and twitter and overall reddit is infested with guys who market the product and shove it down your throat. That's how it's played. With a $10mn marketing budget - VCs can create $1 bn market cap coin. When plebs heard the 20% APY - they fell for it easily and with multiple people suggesting it, they thought it was a no-brainer. Early investors also think heavy marketing is okay. But problem now is that projects are just focused on marketing rather than the product. Last year I saw a thread where there were 5 people commenting on how great anchors 20% APY was. I have never seen a project recommended by so many people in one thread and that was my only reason for not investing in it. Compared to that - look at CRV. It's the most authentic defi project. How many times it's suggested here? Rarely. Why? Because curve does not invest on influencers You all fell for a marketing scam and Do Kwon and all VCs made bank. This will keep happening because you all are just sheep.
TBH follow the trends. this market was all about following the trend. U saw AXS go on a pump, get into gaming coins. U saw AVAX going on a run get into Layer 1 coins. etc etc. Thats waht worked this cycle. all other coins are slow grinder in upwards direction in bull market. trends go the fastest. Anywasy i will be farming GREEN CRV DAFI ATOM all the while bear run lasts
If you think that there's no projects with real world applications you're pretty ignorant. Maybe don't invest in the cryptos that don't generate revenue? Eth is still generating massive revenue and my current pick of the litter are CRV and CVX which have quite solid fundamentals. You can come into crypto as a gambler or as an investor. Gamblers get scared on red days. Investors get greedy
Besides BTC and ETH; LINK and and CRV are the most integral to all of crypto working. I’m sure other layers 1s will continue to thrive like AVAX ftm dot algo etc as well, but as can be seen with LUNA and all the previous “ETH killers” from the 2017/18 cycles, better on other layer 1s doesn’t always pan out, hence betting on LINK and CRV which all layer 1s (including eth) rely upon seems to be the safest no brainer move
It might re-peg, and stay there - but my point is, don’t watch that, watch the buy pressure on Luna and CRV pools and what UST dumpers are selling into. It actually seems like there’s a tranche of support around $30, but how that holds and what liquidity sits beneath it is the real question.
tldr; Beanstalk has broken its peg following a roughly $80 million hack. The hacker borrowed nearly a third of the stablecoin's supply, 32 million BEAN tokens, and used Curve Finance’s $3Crv tokens to generate unique tokens ‘Bean3CRV-f’ and ‘BEAN3LUSD-f.’ The hacker even included a $250K donation to the Ukrainian donation address. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
TLDR: The transaction on Etherscan shows that the hacker used what’s commonly known as a ‘flash loan attack,’ one that has been seen on DeFi protocols previously. A flash loan in crypto allows a user to borrow and repay a loan in a single transaction, which minimizes risk for lenders and can streamline processes for borrowers. In the Beanstalk Farms hack, the hacker borrowed nearly a third of the BEAN supply, roughly 32 million tokens and utilized Curve Finance’s $3Crv tokens to generate a unique tokens ‘BEAN3CRV-f’ and ‘BEAN3LUSD-f.’
I use two different exchanges in one I have 2 coin portfolio which is BTC and ETH, and on the other exchange it's full of alts that's BTC, ATOM, SOL,DOT,CRV,ICP and DOGE During dip my 2 coin folio gives good returns and during bull run 10 coin folio gives good returns
It's not about the return on those pools or CRV. It is a tertiary battle of projects to control clout of Curve governance, veCRV. Curve's massive and durable liquidity the the crown jewel of DeFi and, and especially for stable coins. Other projects will bribe not just individuals, but whole other projects to get their Curve governance. It is really interesting worth reading about. It's not something that can be tl;dr to 240 characters or less though.
If you use voyager we can both get $25 bonus in btc if you sign up with this code: DBE845971 and trade $100 worth of crypto (buying counts) I prefer Coinbase pro for my exchange. I would recommend buying half eth and half btc (1k of each) or $750 of each and put 500 in a more volatile altcoin, personally I am interested in chainlink going to $30 next time Bitcoin is 60k or CRV going to $5 again would be pretty nice 😊 I think Bitcoin and eth are a great start and you should research and personally understand the other projects before putting your money in them because there is a lot to it!!! Dollar cost averaging is the recommended strategy to enter crypto because of how volatile it is. That means maybe invest say $250 in each a week when you think the price seems low. You can also leave some money out to buy a dip if there is a market pull back. Good luck
TopShelf finance is an expanded fork of LIQUIDITY. It offers the ability to mint synthetic coins. On the Fantom chain you can mint either USDL (USD pegged stablecoin) or FTML (FTM pegged “stablecoin”). I assume FTML is similiar to TOMB. You can currently stake FTM/FTML on curve finance and earn 100% APR paid in CRV. I’m using beefy finance as an auto compounded to convert CRV to more FTM/FTML. I would remain skeptical on high APR’s but the fact that it’s a curve pool and paid in CRV, not some crappy farm token gives it much more credibility. That and the fact that FTML is over collateralised with mechanisms in play to incentivise arbitrages to keep the peg makes me think it’s one of the safer plays
tldr; Terra has launched a new stablecoin pool called “4pool” to compete with USDC, FRAX, USDT, and USDC in the “Curve Wars.” The prize for the deepest liquidity is, of course, token rewards, which are dolled out in the form of Curve’s native governance token, CRV. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I only plan to hold BTC and ETH long term. The rest are coins solely for profit so I completely agree. I think a good strategy is balancing what you invested (at what entry price) and not being afraid to take profits even if that coin goes up after. That’s ok. Profit is profit. I’m planning to take out the investment I put in during the January/February tanktown (dip purchasing yeahhh) and continue building small amounts of BTC to put in cold storage. Ideal world for me is a bit of profit twice a year when things go up, convert coins to BTC and hold that in cold storage. A bit of both worlds. My investments are fairly low compared to what I read on this sub (I’m more like a CRV than a lambo…) but with this market being so volatile, I definitely planning to take periodic profits and hold BTC long term. My goal is to pay off my student loan and have saved BTC for my daughter when she is old enough to count without her fingers. 😁💫
If the pool would become lopsided as you describe, slippage would asymptotically increase, effectively making the ‘pool draining trade’ very very unappealing. However, a run of this sort is highly unlikely because of the 3pool token. Essentially, usdc and UST in a pool gives you two assets, each trying to oscillate around $1USD. Deviations from $1 can be corrected by arbs or by depositors who receive some % bonus if they deposit to the shallow side of the Liquidity Pool. These usdc / UST pools have ‘coat check tokens’ [LP tokens] that describe the number of pegged assets and the type [2 assets in a stable pool = 2pool, 3 stables like UST, frax and usdc would make a stronger pool and generates 3pool instead of 2pool. For completeness, non-stable pools, like ETH / CRV generate not 2pool or 3pool but crvLP tokens. With ETH and CRV as the two assets, that token might be crvETHCRV while 3 assets like btc / eth / usdt has an Lp token called ‘atricrypto’ I might be misremembering some here]
MOONS should be added too in this list! And ANKR. But I do see some of my favs - CTSI, GALA, XLM, CRV, MASK.. Let’s manifest some nice pumps, these are still shy.. Kickstart this Altseason once and for all!
The APY is variable since it depends on how many trading fees the Curve Finance Liquidity pool earns on trades between Rocket Pool rETH and Lido wstETH. Right now I think it's around 7% APY. Yearn is an automatic yield farming dapp that takes your liquidity pool tokens, stakes them, and then takes the reward tokens (CRV and CVX), sells them, and compounds the funds back into the liquidity pool. https://stake.rocketpool.net/ https://stake.lido.fi/ https://curve.fi/factory/89 https://yearn.finance/#/vault/0x5c0A86A32c129538D62C106Eb8115a8b02358d57 I will say that if you're working with less than 5 figures it's probably not worth the gas fees right now. You may eventually be able to buy a tokenized position in the Yearn vault directly which could be moved to a cheap L2.
If you want a solid bet with less risk - BTC and/or ETH If you’re wanting more potential upside and your risk tolerance allows for potential loss - you could try picking from the top 50-150 zone. I don’t own many of these but some that jump out are AAVE, ENJ, AR, SNX, CRV, ANKR, ROSE, KAVA
Me who *finally* aped into CVX and CRV and is looking at some of the other incredible DAO tokens: "If you're being rugged you either don't understand what you're investing in, are moving way too fast, or (more likely) both" Literally never been rugged and my biggest losers are like 10-20% down rn. Funny how that works when you DYOR and don't invest in shitcoins...
Not necessarily no, there's a lot of options that you can still get in on early, not early as in the earliest but they're still slept on for the most part as long as you keep your eyes peeled. I got into more DeFi tokens because of thus subreddit and got into BIT when it was starting out and now AAVE and CRV, some Luna as well.
Exactly but it's about Hodling the right tokens, search for the fundamentals, I'm Hodling some DeFi tokens like AAVE, CRV, matic and recently BIT since that's backed by the largest treasury in the market. These tokens were meant to last.