You know, the protocols selling discounted native tokens (bonds) in exchange for treasury assets/LP tokens (protocol owned liquidity, or POL), then offering thousands of % APY on their native token representing the value of treasury assets.
2/25
This method was popularized by @OlympusDAO and the $OHM token (then HEAVILY forked by projects who wanted a quick cash grab).
The idea is that protocols can raise large amounts of capital and build innovative DeFi apps (and no longer have to “rent” liquidity through LPers)
3/25
Time to talk about one of the most underrated protocols in the Curve ecosystem, @aladdindao’s @0xconcentrator!
Want to maximize Curve LP yield?
Here’s how it works🧵👇
1/7
Users deposit their Curve LP tokens into the Concentrator.
Concentrator then stakes the LP tokens in @ConvexFinance vaults, earning maximum yield (Convex controls majority $veCRV, which allows for higher APRs, and also provides $CVX rewards). 2/7