Discover and read the best of Twitter Threads about #CURVE

Most recents (24)

Starting yesterday, the Ripple Effect of #SVBCollapse has come to #MEV area, creating tons of opportunities for both arb and 🥪 🤖, and it's a developing story.
Profit of arb from Mar 9 to 11 : $260K, $697K, $3.46M.
🥪: $50K, $311K, $2.14M. eigenphi.io Image
This crisis has impacted the oldest decentralized stablecoin: DAI. It was affected by this USDC bank run crisis and fell as low as $0.9. Image
The main reason is that 54% of the DAI currently in circulation is minted on a 1:1 basis through the collateral USDC. When the USDC becomes severely de-anchored, the underlying assets of the DAI depreciate, causing a shock to its market price. Image
Read 28 tweets
简单解释一下稳定币 $USDC $BUSD 和 $DAI 今日为啥都会脱锚?

在美联储开启疯狂加息节奏下,美元利率上涨导致债券价格下跌,在本周硅谷银行和银门银行接连因不同但相似的期限错配问题导致关闭。两家银行在遇到用户提款带来的挤兑问题时,不得不亏损出售其在2022年之前购入的长期债券。
$USDC 是在2018年由 #Circle#Coinbase 联合推出的稳定币,根据官网显示其有435亿美元的储备,其中持有324亿美元的短期美国国债和111亿美元现金托管在银行。根据Circle在2023年1月份的证明报告中显示托管在7家银行,每家银行的分配比例未公布,
7家银行分别是Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank (a division of Flagstar Bank, N.A.), Signature Bank, Silicon Valley Bank and Silvergate Bank,最后两家就是本周爆雷的银行。
Read 6 tweets
#NFT 交易之后,盘点 #NFT借贷 细分领域的潜在变化。
该thread主要涵盖以下3个方面:
1⃣️NFT借贷模式、代表项目及其变化;
2⃣️#BAYC 及其直系NFT开启挖矿( $APE )功能;
3⃣️NFT细分业务的拓展整合.

附上之前NFT交易赛道的文章链接:
1⃣️NFT借贷模式、代表项目及其变化;
当前NFT以 #PFP 类为主,缺乏借NFT的需求,导致NFT借贷行为只发生在单边,即抵押 #NFT 借 $ETH 等币种,没有抵押ETH等币种借NFT的。

NFT借贷分为 #点对点#点对池 两种模式,两种模式的代表项目及其优缺点如下
#BendDAO #ParaSpace #NFTfi #X2Y2 #JPEG'd Image
其中点对池模式的效率要高于点对点模式,从币币借贷龙头 #AAVE 发展也可以看出,其借贷模式从早期的(ETHLend)点对点转变为现在的点对池模式。

因NFT具有的唯一性,似乎点对点模式更适合,但从当前各方面(#借贷规模#用户#TVL)数据来看,点对池模式逐渐占优。 ImageImageImage
Read 8 tweets
🧵(1/33)
Did you know @ConvexFinance $cvxCRV has been depegged for 3 months?
Read this thread and you will know it.
Likes/ Retweet/ Comment, please🫡

@CurveFinance @iearnfinance @ConvexFinance @StakeDAOHQ
#Curve #Curvewar #defi Image
(2/33)
$cvxCRV has been depegged for three months.
Why did that happen, and what will occur in the future?

In this thread, I will mainly cover four topics
1️⃣ Curve Eco brief
2️⃣ Depeg Event
3️⃣ Market Equilibrium
4️⃣ Mike's Memo Image
(3/33)
1️⃣ Curve Eco brief
Before discussing depeg, we need to understand the following:

🌬The emission of $CRV
🪙Curve Tokenomics - $CRV and $veCRV

Curve is a very complex protocol, I don't think I can fully cover it in a thread, I will only do the brief in this thread
Read 33 tweets
2023作为新叙事的开始,我看好一些比较新颖赛道的项目,值得关注。故事一直是市场炒作的主要旋律,而新故事往往会赋予更高的想象力和估值空间。自从17年以来,我一直从事加密货币行业,以下是我的看法,欢迎大家评价讨论。👇👇🧐
免责声明:加密货币投资属于高风险投资,请注意风险,DYOR。
1.  @BendDAO $BEND-点对点的NFT借贷协议
dune.com/cgq0123/Bend-D…
BendDAO 是第一个NFT流动性协议,支持即时的NFT贷款,抵押品上市和NFT首付。MC:12M,目前总共有15.6万ETH在上面存款和借贷。想象一下,你有价值 2W刀的图片,当您需要1W刀的贷款来解决紧急开支时,您的钱包里只有它。它正好能拯救你🤣
2.@Level__Finance $LVL- BSC链上的去中心化合约交易平台

Level Finance是BSC链上第一个去中心化永续合约平台,作为填补BSC链这一赛道的空白,说来发展迅猛,同时获得了很多的支持(据我了解不少币安内部支持),整体数据十分迅猛,目前直追$GMX,已经甩开$GNS,24H VOLUME 2B;24H FEE 2.3M
Read 7 tweets
"Monday 👀" was posted by 24+ projects on Twitter, but only some are the REAL deal.
Time to sift through the noise and decipher what this means.

🟡Summary:
- Secret is in the post timings
- Only 12 of 24+ projects posted at 2PM EST
- Others likely copycats
- $crvUSD

1/🧵
🟡 Which projects are really involve?

12 projects posted exactly at 2PM EST.:
- @iearnfinance
- @MakerDAO
- @SushiSwap
- @Balancer
- @DegenScore
- @dopex_io
- @GearboxProtocol
- @eulerfinance
- @StakeDAOHQ
- @CoWSwap
- @zerion
- @AuraFinance

Others are listed below.

2/
🟡 What's going on?

This is likely an event that requires a significant resource to launch, and making a big partnership announcement would be crucial to it's long term utility.

First thing to come to mind is the launch of $crvUSD

But wait, why isn't #Curve on the list?

3/
Read 10 tweets
🍣1月17日, @SushiSwap 新任CEO 正式公布2023路线图,并重点介绍了Q1的发力方向,将会集中于DEX业务本身和赋能SUSHI价值,以提高面对Curve、Uniswap的应对能力。
1月24日,SushiSwap通过将全部手续费用转入DAO财库的治理提案,拉开了2023年Sushi的反攻大幕,本推为您简要介绍路线图细节🧵👇
一、回应DEX竞争:流动性为王

1/本次Sushi的路线图明显是在回归DEX的初心,这也是其在 #Curve#Uniswap 双重竞争下的应对之举。
目前,Curve的TVL已经超过Uniswap,第二次在DEX领域内对Uniswap的市场地位发出挑战,而第一次恰好是Sushi抢先发币带来的交易量激增。
2/Sushi 2023年路线图最大改进是增强自身在AMM DEX方面的集中交易和做市效率,以重新抢占DEX市场份额。
本次路线图将允许LPs设置特定的价格区间来提供流动性,将会出台更多偏向LPs的激励措施,并且Sushi将促进与项目方的深度整合,为其提供更多接入Sushi DEX的机会,以帮助Sushi在IDO方面的扩张。
Read 9 tweets
🚨 Hidden opportunity to get Huge Profits in 2023 🚨

A major #Ethereum network upgrade is coming in March 2023 - it's Ethereum Shanghai

🧵What exactly needs to be done to get a profit from it, I propose to consider in the thread👇 Image
1/
To start

The easiest option is to buy tokens like:

$ETH
$RPL
$SWISE
$FRAX
2/
Why can LSD tokens bring profit?

Liquid Staking protocols allow to participate in #Staking without having 32 $ETH

Since the main amount of staking goes through Liquid Staking providers, their tokens are expected to skyrocket even more
Read 9 tweets
Su Zhu, the founder of 3AC, tweeted that #DCG and #FTX conspired to attack #LUNA and $stETH.

Is the depegging of stETH/ETH in June related to #FTX?

1.🧵
Let's try to find some evidence on chain.
2.

Address: 0xd5c6a038950b977969e66f4823fd813c67048ba0

This address withdrew 110,286 $stETH ($216M) from Anchor Protocol when UST/LUNA crashed, and transferred all 110,286 $stETH to #FTX on June 8th.

After that, stETH/ETH began to depeg.
3.

The address "0xd5c6" is a new address and received 12 $ETH from #FTX as gas fee.

After transferring all $stETH to #FTX, he transferred the remaining 10.5 $ETH back to #FTX.

We cannot be sure that the address "0xd5c6" belongs to @SBF_FTX, but it is very likely.
Read 7 tweets
ve (vote escrow) is most popular tokenomic model that widely applied by famous or emerging protocols currently

For #defi beginner, you may curious about How does this model benefit protocols? What problem it have and Does ve-Model has some alternatives?

Let's find out
👇🧵🧵
(1)
The main purpose of ve Model is bonding protocol development with the interest of long-term token holders.

It’s a gambling theory aims solving a trilemma: Protocol Long-term development/ Token emission with Value capture / Incentives for Protocol participants(LPs & Holders)
(2)
Let’s recall back to 2020,lots of protocol introduced yield farming,use high APR to attract liquidity and distribute reward by own native token

Its a unsustainable tokenomics,when whales withdraw liquidity and dump their reward. It leads death spiral and damage the protoocol
Read 21 tweets
Hey #Arbinauts (💙,🧡) #ArbitrumAutumn 🍂 is here!

The speed at which DeFi innovation is happening on @arbitrum currently is really astounding 🤯

In this thread we'll cover the latest projects 💎 - As usual, there's a cheat-sheet for the best opportunities on Arbitrum 👀
🧵👇
Why Arbitrum?

✅ Arbitrum is secured by Ethereum, arguably the most secure L1 Blockchain, with the highest TVL, most devs and longest history

✅ Arbitrum is the fastest growing ETH L2 scaling solution

Stats by courtesy of @SixdegreeLab & @superamscom 👇
dune.com/sixdegree/arbi…
Why Arbitrum?

✅ Arbitrum has the highest TVL out of all ETH L2's and is also among the cheapest wrt Tx fees according to @l2beat #L2fees

✅ 40+ dApps >$1MM TVL according to @DefiLlama

✅ Continued improvements to increase decentralisation 👇

Read 36 tweets
Are we still searching for #Arbitrum Airdrops? 🪂

Why not go for the potential #arbitrum airdrop, while securing another one?

Here’s an #Arbitrum Native DEX that doesn’t have a token yet, but is for sure dropping one in the future.
🧵👇 ( 1/ 20 )
(2/20 ) Today we'll be talking about @rage_trade.

@rage_trade is aiming to become the most liquid ETH Real-Yield perp DEX, and BEST USDC FARM on #Arbitrum.

With their $GLP #DeltaNeutralVault and #airdrop rumors, I think it's time we have a closer look. 👉💙💛💸🪂 👇
(3/20 ) In this thread, we'll cover:

(1) What is RageTrade?
(2) How they plan to become the most liquid
(3) Their 80-20 vaults
(4) How they'll become a Stablecoin-Farm beast🌱🪙
(5) How to increase your chances of getting an #Arbitrum / @rage_trade Airdrop 🪂🪂
Read 20 tweets
An hour ago, a whale removed 84,131 $ETH ($101M) from #Curve. Which caused the stETH/ETH pool out of balance, and stETH/ETH depegged to 0.9682.
debank.com/profile/0xf44a…

SmartMoneys have already made money on the temporary depegging of stETH/ETH.

1.🧵
Share with you. ImageImage
2.

MEV Bot arbitraged 104 $ETH ($124,800).

MEV Bot uses flash loan to obtain 8,000 WETH from 0x2718.

His exchange path is 8,000 ETH → 8,272 stETH → 7,537 wstETH → 8,104 WETH.

Then return 8,000 WETH to 0x2718 and make a profit of 104 $ETH.

etherscan.io/tx/0x9d8ac87f7… Image
3.

mandalacapital.eth longs stETH on #AAVE and takes profit when stETH/ETH returns to the peg.

He deposited 4,513.70 stETH to #AAVE and borrowed 3,193 ETH.

Exchange 3,193 ETH for 3,258.46 stETH.

Then borrow again to increase the leverage of long.

debank.com/profile/0xa117… ImageImage
Read 5 tweets
1/ #USDT has now returned to the peg and and is trading at $0.9985.

The #Curve 3pool is in balance, with $USDT accounting for 67.47%.

While most people are in panic, @maplefinance has made over $1.2M with $USDT depegging.

How did he do it?👇 ImageImage
2/

5 hours ago, when $USDT depegged to $0.99, Maple withdrew 48.78M $USDC from #Circle and exchanged for $USDT.

He also borrowed 100M $USDC from #Aave to exchange for $USDT.

And he received a total of 150.1M $USDT with an average exchange rate of 0.9912. ImageImage
3/

Then he transferred 149.9M $USDT to Bitfinex, which was converted into US Dollars at a ratio of 1:1.

So he can deposit these US Dollars into #Circle and withdraw $USDC.

He made a profit of more than 1.2M USD! Image
Read 4 tweets
Let me provide a guide on $frxETH staking and explain why it's going to be the most attractive liquid staking derivative around.

@fraxfinance recently opened up the minting of $frxETH here: app.frax.finance/frxeth/mint

This allows you to stake your $ETH into a Validator ran by Frax.
Once you've minted your $frxETH you can stake it and receive #sfrxETH.

sfrxETH represents the staked frxETH + yield accrued. This means that over time, the underlying value of sfrxETH keeps increasing.
To put this into an example:

If APR were to be a consistent 8%, then after staking 1 sfrxeth for 1 full year, you'd be able to swap back your 1 sfrxETH for 1.08 $frxETH.
Read 13 tweets
📢 ATTN: DEVELOPERS AND DEGENS

#RAILGUN is now open to ALL DeFi devs with Quickstart SDK, an open-source toolkit to add RAILGUN's advanced privacy system to your dApp.

It's written in TypeScript and compatible with node.js and web browsers.

🧵 on our RAILGUN Developer Guides
1/13

The Quickstart SDK is simple to integrate and only requires 100-200 lines of code for complete #privacy integration into any new or existing #dApp.
2/13

DeFi devs can now add RAILGUN's full privacy feature suite across @ethereum, @BNBCHAIN and @0xPolygon dApps:

- Shield any and all ERC20s (NFTs soon) into a Private Balance
- Maintain a Private Balance
- Send tokens privately
- Use a Private Balance with ANY smart contract
Read 14 tweets
1/ Feel like people are throwing @ConicFinance 🍦under the radar🤦‍♂️

TLDR: @ConicFinance is the final fly wheel on top of $CRV & $CVX - diversified LP exposure across multiple Curve Pools through single-token deposits

Concise 🧵 summary on why we are still early
2/ What problem is it trying to solve?

#Curve has multiple pools and it’s inefficient searching for pools with optimal APR - $CRV emission change

Similar assets can earn higher yield when LPing in other pools - this is ultimately what @conicfinance is trying to solve
3/ What is #ConicFinance🍦?

- Diversified LP exposure across multiple @CurveFinance Pools
- Allows deposits of single token (ex. $USDC, $ETH)
- #Conic deposits into multiple approved Curve Pools
- Stakes LP tokens on @ConvexFinance
- Depositor earns $CRV + $CVX + $CNC 😮
Read 16 tweets
0/ stablecoin liquidity is a core element of a flourishing, decentralized financial system

let's explore the #stablecoin landscape & have a look at the largest & most innovative stablecoins out there

featuring $USDT, $DAI, $FRAX, $UXD & more

mega-🧵 on stablecoins (0/50)✨👇 Image
1/ stablecoins are #cryptocurrencies the value of which is pegged, or tied, to that of another currency, commodity or financial instrument
2/ most #stablecoins use the the U.S. dollar as their “stable” reserve asset. Stablecoins are designed to reduce volatility relative to unpegged #cryptocurrencies like Bitcoin and bridge the worlds of crypto & fiat currencies
Read 51 tweets
Daily Bullets 💊 Wednesday, August 31

Hope you like seafood because the crab continues. $BTC ~ $20k and $ETH ~ $1500. ⁠Eurozone has been having it tough lately and hit record inflation of 9.1% amid gas and energy crisis - not great.

Keep reading for today's news!

🧵👇
Before we get started...

Get the latest news and research from M6 Labs directly in your inbox before Crypto Twitter!

Subscribe to our Substack for institutional quality content curated by a community of degens: momentum6.substack.com/p/daily-bullet…

Done? Now let's dive in!
1/ ⛓ Top Crypto News:

#Curve founder Michael Egorov said that Curve’s native stablecoin crvUSD is likely to be launched next month and is currently in the alpha stage
Read 23 tweets
1/ #Kujira is the true successor to all that was good about the #Terra / #Luna / #UST ecosystem.

Forget Terra 2.0, look into Kujira. A thread. 🧵

@TeamKujira rebounded after the Terra collapse with its own chain, exchange, stablecoin & liquidation engine.

All in two months! 👇
2/ The team started with a liquidation engine on top of Anchor, but after Terra collapsed, they shifted gears.

They deployed their own chain on Cosmos and started building. FAST.

Now, Kujira is about to make its latest move. 👇

3/ I present you their Cosmos native stablecoin: #USK.

This is the missing piece to bring the #Kuji ecosystem together.

The best part? All fees on Kujira network will go to Kuji stakers (see #13).

What about risks/competitors? 👇
Read 16 tweets
Who was the biggest victim of Sandwich #MEV yesterday? It's a Token Millionaire who's been receiving more than $10M $USDT. zapper.fi/account/0xbbc5…

#1
The whale swapped more than $6.1M $USDT for $WETH and became the 😢 of 🥪 , losing $21,357.53. eigenphi.io/ethereum/tx/0x…

#2
The 👿 used ( $WETH , $aWETH , $variableDebtUSDC , $USDC , $aUSDC , $USDT ) for the attack. We have dissected this MO in this post: How to Use AAVE Loan to Launch a Sandwich MEV Attack?
eigenphi.substack.com/p/aave-loan-sa…

#3
Read 10 tweets
1/10 Who was the biggest victim of Sandwich #MEV yesterday? It's a Token Millionaire who's been receiving more than $10M $USDT. zapper.fi/account/0xbbc5… Image
2/10 The whale swapped more than $6.1M $USDT for $WETH and became the 😢 of 🥪 , losing $21,357.53. eigenphi.io/ethereum/tx/0x… Image
3/10 The 👿 used ( $WETH , $aWETH , $variableDebtUSDC , $USDC , $aUSDC , $USDT ) for the attack. We have dissected this MO in this post: How to Use AAVE Loan to Launch a Sandwich MEV Attack?
eigenphi.substack.com/p/aave-loan-sa…
Read 10 tweets
Today we will take apart the Stargate Finance ($STG) project!
Stargate Finance is a fully composable liquidity transport protocol built on LayerZero technology. If your unfamiliar with how this works read through Layer Zero Network. LayerZero aims to enable the transfer of funds between several blockchains.
Stargate has achieved over 1B in TVL (total value locked) in just 5 days since launch. Stargate is the first and only bridge that solves the bridging tilemma which I will cover in more detail below.
Read 33 tweets
Ehi there #Crypto and #macro Twitter

Time for #market analysis #Number12!

"Quiet, before the storm"

I will explain here what happened since last week, and cover the broader #economy as it breaks

I will start from #onchain #BTC, going into #Technical Analysis + #macro🧵
First of all, if you want to have a deeper insight in what happened the week before, you should check my last #weekly #analysis

I'll put the link here for you:


But let's start digging into this week, should we?
Last week we experienced a rally in #crypto with #Eth leading the way with a speculative date on the merge happening on September 19th.

BTC managed to rally breaking the trendline at resistance and the realized price, but failed to maintain those as support ImageImageImage
Read 23 tweets

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