Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (2024)

Table of Contents
$YFI $CVX $SPELL $SDT FAQs
Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (1)

The Curve war can be described as the race between various protocols that are continuously trying to ensure that their preferred pools are offering the highest $CRV rewards (‘bribes’). The Curve war is leading to increased buying pressure for $CRV.

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Some of the biggest competitors that are wooing Curve token holders to lock their $CRV with them include StakeDAOHQ, ConvexFinance, and YearnFinance. Users who lock $CRV into veCRV are getting huge farming incentives in the form of $CVX, $SUSHI, and $SDT. Additionally, users who lock up Curve receive trading fees from the automated market maker, governance rights, and boosted rewards.

Yearn and Convex are the biggest competitors so far. Yearn did not have any real competition for staking veCRV before Convex came into the picture. However, they are not pure competitors as Yearn utilizes Convex’s products for generating yield for its vault.

Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (2)

Curve is a decentralized exchange designed to provide the best possible rates for users who are trading stablecoins. Curve uses various liquidity pools to make trading efficient. Just like most decentralized finance protocols, Curve also has a native token known as $CRV.

Curve focuses on stablecoins, which means that liquidity providers are at lower risk since volatility is lower. $CRV’s growth can be attributed to two main reasons:

  • Tokenomics.
  • Growth of yield optimization protocols focusing on Curve Finance

Curve’s total supply is $3.03 billion, with about 62% distributed to liquidity providers, 30% shared among shareholders, 5% held as a community reserve, and 3% for employees.

Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (3)

Yield aggregators are systems that automate the process of staking and collecting generated rewards on the users’ behalf. Yield aggregators optimize gas fee spending through various strategies, which may involve moving the tokens around various platforms thus maximizing yields via auto compounding.

Most yield aggregators have governance tokens that incentivize activity on the protocol. Holders of the governance token can vote or propose changes within the protocol. The more usage of the governance token on the protocol, the higher the fees generated which automatically translates to higher yields on the staked token.

Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (4)

$YFI

Yearn.finance’s token: one of the biggest aggregator coins with a market cap of $1.27 billion and a TVL of $6.66 billion, as of writing of this article.

$CVX

The native token on the Convex Finance platform: $CVX has a market cap of $1.04 billion and a TVL of $15.45 billion, as of writing of this article.

$SPELL

The incentivization token on the Abracadabra platform: $SPELL has a market cap of $1.82 billion and a TVL of $4.66 billion, as of writing of this article.

$SDT

Stake DAO’s governance token: $SDT has a market cap of $60.18 million and a TVL of $213.04 billion, as of writing of this article.

As all these protocols compete, the overall winner is $CRV, whose price has risen by 70% over the last month. The Curve War isn’t ending anytime soon and it will get even more fierce if more competitors come into play and the protocols are forced to increase user incentives.

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Curve Wars: The Future of DeFi Dependent on a Windows 98 Application (2024)

FAQs

What is the Curve War? ›

The Curve Wars is where the above tokenomics comes into play on a macro scale. It's in every projects' interest to make their token as liquid and easily available for exchange as possible in the marketplace (Curve Finance in this case).

What is curve Bitcoin? ›

Curve is a blockchain protocol that uses multiple cryptocurrencies to operate an automated market making service focused on stablecoins (cryptocurrencies programmed to mimic other assets).

What is a curve and how does it work? ›

Grading with a curve means adjusting student scores after a test or assignment. Typically, the curve raises the average grade and individual student scores. Professors use different methods to curve grades — and some avoid curves completely.

What is the point of a curve? ›

curve, point of curvature—The point where straight alinement ends and circular alinement begins. Also called the point of curvature (P.C.). See also chord, long. curve, point of intersection—The point where the two tangents of a circular curve meet; point of intersection (P I.).

Who is behind curve Finance? ›

Michael Egorov is the founder and current CEO of Curve Finance. Prior to Curve, he co-founded both NuCypher and LoanCoin.

What is the price prediction for curve DAO Token 2025? ›

Curve DAO Token Prediction Table
YearMinimum PriceMaximum Price
2024$1.16$1.38
2025$1.69$2.06
2026$2.43$3.03
2027$3.64$4.23
6 more rows
Jun 16, 2023

How much is curve crypto today? ›

Curve DAO Price Update
Curve DAO PriceValue
Today/Current/Last70.10
1 Day Return1.14%
7 Day Return2.22%

IS curve a bank account? ›

Since Curve is not a bank, there is no Curve bank account set up, with its own international bank account number (IBAN).

IS curve card available in the US? ›

Curve is now available to download for U.S. customers, who can make use of the firm's core benefits, including the ability to access all of their cards through one smart card, earn personalised cashback and stack rewards, go back in time to move past payments from one card to another, access leading FX rates without ...

IS curve a debit card? ›

Curve is essentially a Mastercard debit card that you can link to your existing debit or credit cards, so you only need to carry one.

Is curve app safe? ›

And if you lose your Curve Card, you can instantly lock it in the Curve app (this will keep your other cards safe, too). We protect you for purchases you make using Curve. Our customer protection is a bit like the level of protection you get with a credit card (more on this here).

Is curve free to use? ›

Curve won't apply any fees when spending in the currency your underlying payment card is set to! However, it's important to always check with the merchant to ensure that you don't encounter any hidden fees from them.

Is Curve a legitimate company? ›

Curve has received over 8,900 reviews with an average rating of 3.9 out of 5.0 stars on Trustpilot. Only 15% of the reviews rate it as 1 star and those who scored low tended to comment on an issue with their response time and customer service.

Does Curve run on Ethereum? ›

Since its introduction, Curve has expanded on its original AMM and has begun to support trading of non-stablecoin crypto assets. It has also expanded from its original home on Ethereum to many other layer 1 blockchains and layer 2 solutions.

Is Curve a stablecoin? ›

Launched during the DeFi summer of 2020, Curve Finance is a stablecoin-centric decentralized exchange (DEX) that facilitates cheap swaps between stablecoins and other fixed-priced assets such as derivatives of Ethereum. It's the second-largest DEX by volume after Uniswap.

Can Curve DAO reach $100? ›

As per our long-term Curve DAO prediction, it can hit a $100 cap between 2030 and 2040 if current growth continues.

How much is Curve DAO in USD? ›

The live price of Curve DAO Token is $ 0.6293207 per (CRV / USD) with a current market cap of $ 537.53M USD. 24-hour trading volume is $ 32.16M USD. CRV to USD price is updated in real-time. Curve DAO Token is +0.99% in the last 24 hours with a circulating supply of 854.15M.

What will Curve crypto be worth in 2030? ›

Curve DAO price prediction May 2030: Curve DAO's price for May 2030 according to our analysis should range between $13.60 to $15.64 and the average price of CRV should be around $14.62.

What is the all time high for Curve coin? ›

Curve DAO Token has a circulating supply of 854,260,054 CRV. The highest recorded Curve DAO Token price is 13.02 €.

What rank is Curve coin? ›

Curve DAO (CRV) currently ranks 68 among all known cryptocurrency assets. The popularity is based on relative market cap.

Who owns Curve Dao? ›

Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate the liquidation risk of a $65 million stablecoin loan.

How does curve voting work? ›

To vote on the Curve DAO, users need to lock vote lock their CRV. By doing so, participants can earn a boost on their provided liquidity and vote on all DAO proposals. Users who reach a voting power of 2500 veCRV can also create new proposals. There is no minimum voting power required to vote.

What does hitting the curve mean? ›

To do something unexpected or deceptive that surprises, confuses, thwarts, or outwits one. An allusion to a curveball, a pitch in baseball intended to be difficult to hit due to its curving path. Her confidence and fact-of-the-matter answers threw police a curve during their questioning.

What does it mean to jump the curve? ›

Jumping the next curve means defining your business in terms of what's to come. Thinking beyond the confines of the current status quo, the realm of current possibility.

What does blowing the curve mean? ›

Which means that a lot of people failed. So the one guy who got the 95% 'blew the curve' and is very unpopular with his classmates for a while!

How does curve make money? ›

Curve is a personal finance application, which enables its users to connect all of their debit and credit cards on one single platform. Curve makes money from subscriptions, interchange fees, various payment fees, partnerships, and interest on the loans it issues.

What is 3 pool crypto? ›

3pool is the largest liquidity pool on Curve's decentralized exchange. The pool acts as a liquidity hub for the top three stablecoins — USDC, USDT, and DAI — used in decentralized finance (DeFi). In essence, the pool provides crypto traders with the most capital-efficient means of swapping between the stablecoins.

How does curve 3 pool work? ›

3pool on Curve

The 3Pool brings liquidity to new projects through Curve Metapools. By pairing less established tokens with the battle-tested 3Pool, Curve increases their swapping efficiency and aims to reduce system-wide effects if those assets lose their peg. The 3Pool accounts for the second largest TVL on Curve.

Can a curve hurt your grade? ›

Can grading on a curve lower your grade? A curved grading system assigns letter grades based on your ranking within the class rather than the number of points earned. This means that each student's grade may be lower or higher than it would be on a standard grading scale.

What does a 20% curve mean? ›

Grading on a curve refers to the process of adjusting student grades in order to ensure that a test or assignment has the proper distribution throughout the class (for example, only 20% of students receive As, 30% receive Bs, and so on), as well as a desired total average (for example, a C grade average for a given ...

What happens if you go fast on a curve? ›

​Negotiating Curves

Vehicles are heavy, and they have lots of inertia. This means if you are driving too fast on a curve, your vehicle is going to keep moving straight ahead instead of around the curve, no matter how much you try to steer it or slow it down to keep it in your lane.

What does curve the girl mean? ›

To curve someone is “to reject” them, that is, veer away from their romantic interests and advances in an indirect, non-confrontational way.

Do you slow down in a curve? ›

Any speed or steering adjustments required while in the curve should be very gradual to avoid losing control of your vehicle. The most important part of driving a curve or corner is to slow down before you get to it.

What does being ahead of the curve mean? ›

: faster about doing something than other people, companies, etc. The company has been ahead of the curve in adopting new technologies.

Why is flattening the curve important? ›

The problem is that if everyone were to get the disease within a short period of time, the total number of people who would need hospital care would exceed available beds and/or other resources. So, what we mean by flattening the curve is reducing the rate at which people are infected.

What does flatten the world's curve mean? ›

Flattening-the-curve (FTC) refers to a strategy adopted to slow down and spread out the outbreak dynamics. FTC is a succinct way of communicating an important public health message that physical distancing and other public health measures will reduce the peak number of cases.

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