Скачать с ютуб Oct. 25, 2021: Hyper-Deflation ⏬💸 Curve enjoys the benefits of deflationary pressure в хорошем качестве

Oct. 25, 2021: Hyper-Deflation ⏬💸 Curve enjoys the benefits of deflationary pressure

How ‘bout dat $CRV 👀👀👀 Suddenly, all the cool kids are gossiping about how Curve is turning deflationary. It’s a notable turning point. Erstwhile doubters are flippening their thinking. Take a minute to ponder this must-read thread about what has changed: This amazing turn of events is due to good ole’ supply and demand. Here’s the status of the classic economic yin-yang as pertains to that sweet, sweet Curve. DEMAND On the demand side, Curve has never been more coveted. Ever since launch the vocal Curve community wanted nothing more than to scoop up as much $CRV as possible, even though its price seemingly did nothing but drop. Indeed, “Curve” was referred commonly mocked by TA traders as “Curse”. The rabid Curve community, however, has never cared much about price. The token was throwing off great cash flows to anybody who staked it. Plus stakers generally had it locked for four years so there was no capability to trade. It wasn’t just savvy retail locking their $CRV for veCRV either. In addition to the cash flows generated by veCRV, it also provided governance rights. Holders of veCRV can vote on which protocols earn $CRV rewards. Lately, this has become a big business for many rising protocols, to the extent that Curve is becoming the backbone of DeFi. Organized bribery to influence Curve, both directly and via Convex/Votium, has become a heated competition. These bribes accrue directly to stakeholders, which has pushed demand for the token sky-high. SUPPLY Just as large protocols started fighting to accumulate as much Curve as possible on the demand side, every last $CRV dried up fast due to the great Curve wars. It’s a bit hard to believe that once upon a time people complained about too much Curve flooding the market. In the early days Curve heavily rewarded early supporters of the then fledgling protocol. Vampire squid types made a quick buck dumping Curve at industrial volume. If only you could hop back in time and grab it on the cheap. Suddenly, $CRV is becoming scarce. Just over a month ago, Curve inflation rate dropped significantly, suddenly restricting supply. Meanwhile, the $CRV that has been acquired is increasingly being locked and becoming untouchable. At this point about 90% of $CRV is locked as veCRV for upwards of four years. Anybody who wants $CRV is fighting for just a tenth of the available supply. The winner of the Curve wars was none other than Convex Finance, which is closing in on a majority stake of the veCRV voting power. Since $CRV is so scarce, most protocols are just looking to influence Curve by proxy. The major battlefront in the Curve Wars has shifted from Curve to Convex. It all adds up to a supply shock coming amidst demand increasing. Buckle up. Disclaimers! Author is a $CRV/$CVX maxi. If you like this newsletter, consider subscribing to benefit PAC DAO crypto activism: