Level 3 - Virgin DeFi Analyst
If there are many liquidations going on, increasing crvUSD supply too much, does that mean PegKeepers would burn the liquidated collateral to maintain peg?
If so, how much would that cut into protocol revenue?
"However, surely many of the DAOs that participated in the Curve wars by purchasing large amounts of CRV are licking their wounds."
It looks like this is still on, although this is buying at the bottom so maybe a better play- https://www.dlnews.com/articles/defi/reserve-spends-20m-to-boost-liquidity-for-its-stablecoins/
What do you guys think about CVX at these prices given its role in curve ecosystem?
If there are many liquidations going on, increasing crvUSD supply too much, does that mean PegKeepers would burn the liquidated collateral to maintain peg?
If so, how much would that cut into protocol revenue?
"However, surely many of the DAOs that participated in the Curve wars by purchasing large amounts of CRV are licking their wounds."
It looks like this is still on, although this is buying at the bottom so maybe a better play- https://www.dlnews.com/articles/defi/reserve-spends-20m-to-boost-liquidity-for-its-stablecoins/
What do you guys think about CVX at these prices given its role in curve ecosystem?