Max
206 posts

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Ever wondered how @CurveFinance's fee architecture works? I built an interactive map that visualizes the full flow, with live on-chain and api data.
Check it out here: docs.curve.finance/fee-architectu…
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Curve is nearly surpassing Uniswap in DEX fee dominance.
This time last year, @CurveFinance contributed 1.59%; today, it accounts for 44.06% of all DEX fees on Ethereum.

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If anyone has ever wondered how Curve's Cryptoswap pools work
Here's the WETH-CVX pool rebalancing its Center of Liquidity automatically around the MA price (internal price oracle) for 2 days
The pool automatically moves its center of liquidity if it costs less than 50% of the generated fees
It's a fully passive LP solution with concentrated liquidity, very underrated imo
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The new meta for all AMM LPs will come from the @yieldbasis design
- Every asset can now be used to earn yield via trading fees, including BTC, tokenised gold and even long tail assets without IL
- We can see exponentially deeper liquidity onchain via AMMs, especially on Curve.
- Stablecoin growth will be exponential, including $crvUSD in YB/Curves case.
Just wait for what gets built on top of this...

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With the rapid ascent of centralized stablecoins, has TradFi squeezed out DeFi?
Thrilled to speak on how centralized stablecoins rely on decentralized stablecoins like $crvUSD to properly achieve scale.
Thanks to @Bloomberg for hosting in your gorgeous Hong Kong office!




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Michael Egorov (@newmichwill), founder of @CurveFinance, gave a talk titled “Yield Basis”.
Let’s walk through his case for why impermanent loss (IL) can be neutralized 👇

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1/8 @ethereum is turning 10 years old: the time flies! Over that time, it has grown from an idea to the foundation of the new financial system.
etherscan.eth@etherscan
⏳6️⃣ days until #10YearsOfEthereum @newmichwill becomes the 5th bearer of the Ethereum Torch Celebrating a decade of permissionless finance on Ethereum 🥳
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There is a major misunderstanding about what the actual product is when it comes to stablecoins - particularly amongst DeFi stablecoin teams and investors.
They fundamentally misunderstand the business of Tether and Circle, which is why they can’t compete with either
PaperImperium@ImperiumPaper
But much of what we ascribe to crypto is just geography of users. A crypto user in Argentina or Bangladesh just wants dollars. A fintech w access to money transmission rails in those countries would also do well. Demand is from the geography, not the technology.
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