🟢 This crypto Friday looks quite green! KNC (+13.62%), APE (+10.88%) and XMR (+7.79%) showed the most active growth this week, and MINA (-31%), ANC (-26.12%) and CVX (-18.38%) dropped down more than others. Bitcoin is trading on $40.4k and Ethereum is on $3k.
FET, BAT and CVX are the ones I agree with. Right now there is no shortage of low capped altcoins with potential to kiskstart the next bull run. My other picks would be DIA and OCEAN considering how much development is going on in both projects.
Any CVX lockers here? There's Conic Finance (CNC) airdrop for CVX lockers and there are 5 more days to claim.. https://twitter.com/defi_airdrops/status/1574687827388137472?t=RX0lbEsHrRV5pgG8MDgwPA&s=19 I just happened to find this on Twitter and it was the easiest $700 for me.
You're getting rekt because you are investing in these strange fringes and doing little research. The whole issue with Fantom, Solidly, all that is the reliance on a single man for it all to work. Andre Cronje was literally doing all the work, there were a few people working on it too but they were all at the direction of Andre. If you're investing in a project where it's success is hinged on a single person then you probably don't realize the risk you're taking on, it can't be measured how risky it is investing in something like that. Cosmos hasn't found any product-market-fit yet on its own, let alone any of the projects native to Cosmos. I mean LUNA speaks for itself. Anyone who did objective research on it could see that the economics didn't make sense for LUNA or UST whatsoever. It mechanically relied on more users continuing to enter in larger amounts forever (which is literally impossible) and for the price of Bitcoin to continue going up (nothing goes up forever). So I don't say this to be rude, but you either didn't do any research, or you did very poor minimal research, or you did your best researching but were/are terribly uninformed when it comes to finance/economics/business and flat out didn't understand the mechanics of it. So regardless of what it was, you invested in something you didn't understand - don't feel bad though because a lot of smart successful people did the same thing and weren't smart enough to get out before the music stopped. I mean Acala... that's on the same level as JUNO. Stop investing in the fringes. Invest in what's proven and has found product market fit. Stay within the Ethereum ecosystem if you're looking to \*INVEST\*, if you want to make quick gains and flips go wherever but realize the risk is exponentially higher than investing in proven products. Plenty of proven products with real cash flows in the Ethereum ecosystem. You have CVX and CRV on Ethereum main net. You have GMX and GLP on Arbitrum. There's four tokens with product market fit and real cashflows. I'm not going to go to deep but there's so many real tokens with real products providing users with real yields that are sustainable. Oh yeah... and you could simply just buy ETH if you're looking to invest. Seems you were investing in coins you should have been trading in and out of.
Ok so let's say you got ETH... You can lend your ETH on the optimism layer 2. There you get 1% APY + 2.5% APY in $OP tokens. Then you borrow let's say USDT, effectively going long on ETH (using leverage). Current borrow interest rate is 3.4%, but you also get rewards in $OP Tokens at 1.6% rate. Good job, now you are earning 1.6% a year for borrowing something, but be careful, you are leveraged... Now with that USDT you borrowed, you can naviguate through defi apps, like [yearn.finance](https://yearn.finance). These apps have vaults for particular tokens and yield farming techniques already implemented for them, everything is clear as water , just verify. Currently the USDT has a brand new vault and APY isn't known, (expect an additionnal 2%). Maybe you can also go on [curve.finance](https://curve.finance) and provide liquidity there at 1% APY + stake that pool token you will earn for about 7% APY in additional $CURVE rewards. Or stake that into [convexfinance.com](https://convexfinance.com) pools to get about 16% APY in $CVX/$CURVE rewards.. To yield farm you need to do a lot of research and understand how defi apps works. it can also cost a lot in fees if you only do this with small amounts of crypto.. Usually you want to chase new protocols that have liquidity mining rewards activated, effectively inflation of a token to attract liquidity and users. Optimism is currently having many liquidity mining programs.. thats why yields are boosted on lets say AAVE. In the past Bancor was giving up to 35% APY on USDT in $BNT tokens. it was pretty neat.. just gotta look around, find yields, borrow for less , and provide for more... It's easier in bull markets though. And you dont have to use leverage, this is just a bit more risky and fun imo
I've asked myself is 15%\~ APY (for example the MIM/3CRV pool on Convex has this right now) for a staking stablecoins in this current market climate reasonable and if so how? I've concluded that when it comes to staking with stablecoins the actual APY / ROI from things like the underlying lending and exchange fees you collect are very small compared to the fee that comes from selling the cryptocurrency the project gives you as a bonus. DAOs like [Curve.fi](https://Curve.fi) and similar have done something really cleaver where you can lock the CRV token as veCRV to get up to 150% bonus emissions of CRV. This creates a sort of positive feedback loop that creates a self-fulfilling prophecy driving the CRV price up. Then you add a layer on top of that with [Convexfinance.com](https://Convexfinance.com) which also extracts more value from the voting power the locked CRV would give you. Since everyone is sharing their bonuses on Convex pools that are not utilized can be by people who are more knowledgeable about a certain pool can use up that pools bonus where a single entity could not feasibly keep up with all the different options and their risks. Projects also bid on this to give their pools more weight (i.e. more CRV emissions) which draws more liquidity. [Stakedao.org](https://Stakedao.org) tries to do more stuff with this to extract even more value from this strategy. Most of the APY / ROI is from the projects own tokens (in these cases CRV, CVX and SDT). So the question is what gives these tokens value as compared to a Ponzi? I think it is the network effect and the fact that if people invest in the tokens they kind of commit to staking stablecoins. When enough people do this it draws attention from projects seeking liquidity since they can buy votes with the tokens (at least with CRV and CVX) and use it to gain more liquidity which in turn creates even more demand for the token. Also these different tokens are like layers on top of each other that try to extract even more value than the last layer. And since you get voting rights it's a bit similar to investing in a company since the value it creates for projects actually gives the shares a value.
tldr; The global crypto market seems to be recovering on Tuesday after weeks of decline. The total cryptocurrency market capitalisation is up about 4% in the last 24 hours to $899 billion. Many top-ranking coins led by Convex Finance (CVX) have gained up to 20% over the same period. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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.
Doge will survive fore sure. Coins that survived 2018-2019 will survive. So XRP survives too. But most meme coins will die (except SHIB and maybe FLOKI). For top market cap coins - probably some L1s that compete with ETH are at risk. Luna already dead and others might join. For medium market cap coins probably some of the governance tokens that are pretty much useless. Some dev will also call it quit in the bear market so if project relies one dev it's risky. DeFi projects with revenue streams (e.g., Curve, CVX) or big treasury and competent big teams (e.g., OHM) will easily survive. To summarize a lot of coins will die. Be careful outhere.
Here is a [Nitter link](https://nitter.net/cyounessi1/status/1524910207838699520?s=21&t=CVX91qOc6aAAcJQNp9kyzw) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
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.
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
tldr; Five altcoins decreased the most last week, more specifically from April 8 to April 15. Mina (MINA), Anchor Protocol (ANC), Convex Finance (CVX), Terra (LUNA) and Waves (WAVES) were the five altcoins to decrease the most. MINA is trading in a range between $2.25 and $3.15. CVX has created a bearish engulfing candlestick. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Post is by: Lifebeginshere0 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/u2kwpo/as_volatility_has_slowed_most_cryptocurrencies/ Wild price swings have been the norm this year as macroeconomic and geopolitical uncertainties make traders nervous. The combination of war, rising interest rates, inflation and slowing economic growth has led investors to reduce risk exposure, especially in the last half of the month. Most cryptocurrencies, known as Altcoins, have outperformed bitcoin, suggesting traders have a greater appetite for risk. The SHIB is up 12% in the past 24 hours while the BTC is down 2%. Near agreement's Near is up 3%, while Convex Finance's CVX is down 6% in the past 24 hours. bitcoin, suggesting traders have a greater appetite for risk. The SHIB is up 12% in the past 24 hours while the BTC is down 2%. Near agreement's Near is up 3%, while Convex Finance's CVX is down 6% in the past 24 hours. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
it is difficult to time crypto. The strategy I use is based on measuring the strength of any crypto currency against the top 25. In a time like this when there is a clear downtrend, I find a particularly weak coin and short it. Selection for today was CVX. As for how far it will go down? still a way to go. Today the U.S. Bureau of Labor Statistics will release the March Consumer Index Reports. It is expected to strengthen the downtrend.
It does not theoretically make sense, there are much more nuances to it which OP either doesnt know, or has left out in this thesis, which will lead to him most likely getting rekt. Like the fact that several VCs are willing to prop Luna/Terra ecosystem up because they know the stablecoins race is the real money spinner in the long run, unlike OP who seems to have a very primitive understanding of the market. OP's statements like these are not even true: > 1) LFG will top up yield reserves again as they did roughly 1 month ago using pre-mined Luna tokens that will be injected into circulating supply and sold (Just like the 50 million Luna that was injected into LFG to start the thing). So if 50M Luna was sold, why is the price higher now than 1 month ago when it was decided to sell them? LOL > 2) No top-up, meaning high APY will be unsustainable even with the vote to decrease yield. This means most UST stakers who were in it for the APY will be looking for better rates. This is again poorly researched .. Luna just launched UST + Frax 4pool, and since Terra + Frax + Redacted control a big chunk of CVX emissions, a ton of TVL is going to move in to it. Higher yield on curve for 4pool over 3pool => more demand for UST - independent of Anchor OP's entire thesis seems to revolve around Anchor yields when Luna is already more than just Anchor. Personally, I wont short something that has gone up from $1 to $110 in little over a year
I disagree, I think the Curve wars are only just beginning. 4Pool commands a significant portion of Convex voting power, but it's far from having a majority. In fact I think Tetranode alone controls about as much Convex voting power as the Terra coalition. https://avgjoescrypto.substack.com/p/the-curve-wars-go-hot?r=r78rm&s=w&utm_campaign=post&utm_medium=web&utm_source=direct The real question right now is what will Maker do now that war has been openly declared against them? They command a massive treasury which could be used to accrue CVX voting power, but the Maker governance DAO is notorious for being fairly dysfunctional. There's also not a ton of CVX left on the open market for them to acquire. The 3Pool isn't necessarily required for DAI to hold its peg (the PSM takes care of that) but it is a major source of stablecoin adoption. If yields on DAI begin to fall I could definitely see a scenario where it starts to lose integrations in DeFi to the FRAX/UST alliance. It wouldn't be a spectacular death like the de-pegging of Iron Finance, but a slow death by a thousand cuts. On the other hand, Anchor's subsidized ~20% yield is also the largest source of demand for UST. If that yield begins to fall it could have an adverse effect on the Terra/Luna ecosystem, but Do Kwon has deep pockets and all the incentive in the world to keep that yield high. Time will tell!
Taking profits never left anyone poor lol But I think now it’s not the moment to talk about the profits - it’s just the beginning after months of downside and we shouldn’t sell too early.. I hold ETH, CTSI, ANKR, XYO and I expect at least 2x from here. CVX was pumping nicely these days and I might even sell something soon.. but scaling out, not exiting entirely!
Red is opportunity. I'm taking the chance to accumulate more gems I wished I could buy at cheaper prices when the market was green. I am also bullish on BTC, ETH, DOT, SOL, OIN, OCEAN, SAND, CVX, MAPE, TEAM (IDO this April) and a few projects in the cosmos ecosystem. We are so early in this space and there are tons of opportunities waiting for us investors and traders. It really is a good day to be in crypto.
We’re thrilled to announce that Kraken now supports Convex Finance (CVX), Frax Share (FXS), Multichain (MULTI), Powerledger (POWR), PlayDapp (PLA), Quant (QNT), Rubic (RBC), SuperRare (RARE) and Tokemak (TOKE)! ​ https://status.kraken.com/incidents/4mybnp6ljkwd
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.
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...
It's all three for me. Mostly the second strategy as I'm staking depositing my NEAR and ONE assets as collateral to mint their stablecoins and stake on the OINDAO for good APY. As a bonus, I'm also LP staking the nUSDO and oneUSD on various DeFi platforms for extra rewards. Got some other gems on my radar like OIN, ATOM, OCEAN, DOT, JUNO, CVX. I used DCA to pick up a few, waiting for lower prices to buy more.
Gate is not only for memes, but I get your point.. However they have so many tokens before they get listed anywhere else.. I made 10x on CVX thanks to it being available there! And all deposits, withdrawals, trades worked smoothly!
You give the lp tokens to convex. Convex farms curve with the max boost since they have a ton of 4 year vested crv. Convex then rewards you the crv you would get from curve plus CVX tokens. I typically harvest the rewards every 1-2 weeks and put those rewards to work. Locking up CVX is really lucrative with the votium bribes. It a continuous cycle of money coming in and being put to work.
tldr; Grayscale Investments has added 25 more crypto assets to its list of assets under consideration for investment products. Algorand (ALGO), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), Bora (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Your Daily Dose of Crypto : • Bitcoin dominance: 42.47% (+2.75%) • Cryptocurrency market cap: 1.636 Trillion Dollars (-1.54%) • BTC average transaction fee: $1.518 ( +13.63%) • ETH average gas Price: 142.05 Gwei (+13.20%) • Grayscale Investments has added 25 digital assets, including tokens for several high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. List includes cryptocurrencies for DeFi projects Algorand (ALGO) and Convex (CVX) and metaverse startups The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG). • Coinbase has launched free tax center that will display their taxable activity, including short and long term gains and losses, in one place. • Central bank digital currencies are "the inevitable evolution of today's electronic currencies" and one in the U.S. could be released as soon as 2025, Bank of America said today. • Binance will become the main sponsor of Argentina’s powerhouse national soccer team and the naming sponsor of its national soccer league for five years, the crypto exchange announced on Monday. • Hayden Adams, CEO and founder of the popular decentralized exchange, Uniswap, claimed that his JP Morgan Chase bank accounts were shut down with no explanation. • Blockchain-based predictions market Polymarket has added a geoblock to keep US users from trading on the platform. • The Ethereum Foundation , following the lead of the blockchain's core developers, announced that the term "Ethereum 2.0" is being retired in favor of "consensus layer." • Cryptocurrencies are deep in the red this year after industry market capitalization plummeted to $1.6 trillion as of Monday from $2.3 trillion at the start of 2022, a decline of about 30% in just over three weeks.
*Grayscale's additions to its list of "Assets Under Consideration" includes cryptocurrencies for DeFi projects Algorand (ALGO) and Convex (CVX) and metaverse startups The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG).* Saved you a click.
Exactly what I've been telling people. Sure it's not great to see your portfolio looking like something that's been robbed but if you believe in the project(s) you've invested in, shouldn't you see this as a massive opportunity to accumulate? That's what I did. Added more ETH, DOT, OIN, HTR, OCEAN, BTC, CVX etc DREEM and ZKP are on my radar (I would have aped in if they were trading at the moment). Great tech and concepts, it's mind blowing fr fr. Anyways, ones actions during times like this will determine if they make life changing gains or not. Your choice friends.
As soon as I saw BTC at 38k on coingecko this morning, I bought more along with ETH, DOT, OIN, CVX, GGM, LUNA and OCEAN Kept some funds aside to buy DREEM, MAPE and ZKP when they hit the markets. Nothing beats the DCA strategy and even if you can't buy now, HOLD. Either way, we will be rewarded so think long term and relax if you are invested in strong FA projects :)
BAT. Advertisers pay Brave for ad campaigns, Brave buys BAT off the market, and distributes it to users of the browser. I think this is a great model and would rather get paid for my data than let google make money from it. CRV/CVX. Defi king and kingmaker. If you want liquidity to bootstrap your project or stablecoin, you can direct CRV emissions to your pool to incentivize that liquidity. Not to mention cvxCRV earns 50% APR of which 25% comes CVX emissions, 20% from a portion of the curve emissions to LPs staked on convex, and 5% in 3CRV from trading fees earned by convex's LPs. Even if CRV/CVX emissions slow down, the 5% 3CRV is like a dividend from curve's protocol fees. As long as dapps continue to use curve as an underlying defi primitive, there will be fees. POKT. Decentralized RPC nodes for multiple blockchains. Similar to consensys infura. Dapps can buy and stake POKT to claim X number of relays per Y hours. Node providers stake POKT as slashing insurance.
You're off to a good start, LUNA, NEAR and DOT are certainly must haves. Owning ETH and BTC is a good idea too. Go do some research on OIN (multi-chain stablecoin issunace platform), DREEM (metaverse), GGM (Play to earn), CVX and MATIC.
You seem very well informed, thanks for your answer. Yeah I noticed they’re still in the funding stage but will keep an eye on that. I have CVX, FTM, BAL, NEAR, and AVX as my tips for 2022. Anything you would change or swap out?
CVX is a great DeFi bet. I have CRV. I'm also loading up on VADER (#220) as it's in early stages, combining mechanics of LUNA and RUNE. [https://twitter.com/RohmanusC/status/1477803306303082505](https://twitter.com/RohmanusC/status/1477803306303082505)
Bought OIN, ETH, TOKE and CVX to name a few. All long term holds. I'm planning to buy DREEM during the upcoming IDO. What do you think about a project that lets you create, customize and monetize your own realms? With dreem's realm builder toolkit, you can create realms that can be sold as NFTs or characters that can be rented out for access into your realms and it costs nothing to build on dreem. Cool stuff! I'm not worried about this dip, Bitcoin and the market will bounce back. If anything, I'm bummed I couldn't accumulate more.
I was definitely excited to be able to buy the dips today. There are a few altcoins I've been waiting to buy at cheap prices. I picked up more BTC, OIN, FTM, LUNA, ETH, CVX, TOKE and DOT. DREEM and GGM haven't launched yet, however, those are two opportunities I won't be sleeping on this Q1.
CVX (Convex Finance) - I already had a pretty big position as a liquidity provider, and I feel strongly that they're going to do well this year, so I bought a big bag of the CVX token itself, speculating on the success of the project. This massive tweet has some good information about general plays to look at for 2022 https://twitter.com/adamscochran/status/1476652328736342023?s=21
I think UniSwap v3 kinda sucks and Sushi is in limbo while they sort things out. Meanwhile Curve v2 (ability to pair any assets) set DeFi on fire. There’s a void that Curve can’t fill alone though. People are currently looking to UniSwap v2 forks (2 equally allocated assets) on alt chains (BOO, JOE, CAKE, etc…) for more profitable LPs. Balancer allows for more than two assets and weights outside of 50/50…it’s just far more advanced and 3rd party devs can do way cooler stuff with the LPs. I say it’s being overlooked because right now BAL is #336 in market cap, but just using TVL and volume as metrics it belongs in the top 50-100 range next to SUSHI, CVX, CRV, SPELL,YFI, MKR and the DeFi superpowers.
@knowerofmarkets on twitter has a substack that they publish articles on and has pretty extensively covered the CRV wars and Convex. Highly advise looking those up to get an idea of whats going on in DeFi 1.5 which CVX is currently at the head of.
The 60% is real but yeah I don’t think cvxCRV is hard pegged so there’s minor risk. CVX owns so much of the CRV supply I wouldn’t worry about it though. The crazy shit is Convex bribes. If you lock CVX you get bribes every 2 weeks for voting on reward guages. There’s no set APY but the returns have been getting out of hand. You can see how much different protocols are paying for votes at [Llama Airforce](https://llama.airforce/#/convex/flyer)