11 Comments

Are you concerned about how many layers of indirection there are between actual revenue vs claims on possible future revenue? Hint: CVX does not create more revenue, just more claims

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Reading this hurts my head but nice write-up!

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Curve is in big trouble. It's going to be one of the firsts to be targeted by the upcoming regulatory framework as they focus primarily on stablecoins.

Uniswap did 1.5B for its LPS without spending anything on rewards and far less TVL.

Curve did 45M for its LPs in all its existence and all of that thanks to the incredibly high CRV emissions. Curve's TVL might me multiples bigger yet it's all empty calorie dressing earning nothing in comparison.

The curve wars will be won by those with the foresight to get out at the right time.

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In past you would share team ownership % positions, does team own any of the Curve or Convex tokens in this post and in what %? (in particular CRV veCRV cvxCRV CVX vlCVX)

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Any thoughts on the big Curve Wars change with Do Kwon jumping in? Would love to see a short n quick update and even how this might effect the rdpx/dpxusd that was coming. Thx

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In your opinion, has Yearn "lost" the curve war since the previous Yearn update?

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