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Dec 29, 2022 โ€ข 12 tweets โ€ข 8 min read โ€ข Read on X
Dec. 29: 2022 Year in Review ๐Ÿ”๐Ÿ”Ÿ
Top Ten Best Events in Crypto this Year

open.substack.com/pub/curve/p/deโ€ฆ

Our least popular opinion: 2022 was a great year for #cryptocurrency

Here's why, in a convenient Buzzfeed style listicle.

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๐Ÿ”Ÿ@ChickenBonds

The bear market and liquidity outflows forced builders to up their game. @LiquityProtocol's Chicken Bonds executed this perfectly.

An inspired concept. Just the right amount of artistic flair. Fun to watch. Perfection!

curve.substack.com/p/oct-27-2022-โ€ฆ Image
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9๏ธโƒฃ Donโ€™t Step on Snek

Python #web3 tooling took exciting steps forward this year.

* Hot @vyperlang Summer
* Rise of @ApeFramework
* Launch of Titanoboa

Check the recent @PyChainConf for hours of videos covering all the development:
youtube.com/playlist?list=โ€ฆ
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8๏ธโƒฃ @TornadoCash Pushback๐ŸŒช

You may not see the silver lining in blatantly unconstitutional sanctions and the odious arrest of an open-source dev.

Yet we're encouraged by how the community rallied.

We didn't forget.

We forced changes.

Keep the pressure up!

#FreeAlex
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7๏ธโƒฃ Big @VitalikButerin Energy

A good general knows how to rally their troops.

This photo brought joy to a dispirited community, dominating the timeline for days.

Nonstop belly laughs. Lost frens returning from McJobs to join the fun. It never got old.

A+ Leadership! Image
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6๏ธโƒฃ Do Over

Try to imagine the world where @terra_money survived. The toxic influence of "safe" 20% yield. LUNAtic trash talking.

We recognize the pain it caused. Yet we still believe it's an unqualified good $LUNA collapsed, clearing the room for better projects. Image
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5๏ธโƒฃ $crvUSD White Paper

The impending stablecoin loomed large over the year through periodic leaks.

The 0-to-1 concept even lived up to the hype.

What really sold it was the inspired showmanship of dropping it amidst the @avi_eisen / $AAVE event

curve.substack.com/p/november-22-โ€ฆ Image
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4๏ธโƒฃ FraxBP

It's difficult to pick a single "best" event from the @fraxfinance activity... $frxETH, FraxLend, FPI...

Yet the success of FraxBP stands out in particular.

The base pair emerged from the 4pool fiasco to reshape @CurveFinance volume.

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3๏ธโƒฃ @arbitrum Season

How amazing has the L2 performed this year? The $GMX token was nearly the only asset on planet earth to post a gain.

Not only has the stellar year cemented Arbitrum as the epicenter of innovation, it's also fueled the L2 scaling narrative. Bullish! Image
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2๏ธโƒฃ @SBF_FTX Arrested

Worse than any price action this year was brainlet puff pieces penned about the fraudster after the FTX collapse.

It almost seemed the con artist would skate.

Fortunately, the arrest restored a sense of justice and sanity to the universe.
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1๏ธโƒฃ The Merge

It would be difficult to overstate the enormity of the technical achievement, all of which was executed flawlessly.

The #Ethereum Merge was an historic event years in the making. If you stuck around this year, you got to be a part of it. Image
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We know highlighting triumphs of the year may be tonally out of step with the current mood.

Just think tho, if this much good happened in a bad year, what might 2023 have in store?

If you enjoyed the thread, take a second to share the first post, it helps a lot! Image

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More from @CurveCap

Jun 14
June 14, 2024: CURVE FEE SWITCH? ๐ŸŒˆโœจ
Amidst the noise, the four most important updates from the past day regarding Curve Finance

โ€ข CURVE FEE SWITCH 2-3
โ€ข BAD DEBT CLEARED 4-6
โ€ข LLAMA LEND LEVERAGE 7-8
โ€ข CURVE WARS 9-14

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CURVE FEE SWITCH
Quite literally, Curve may be switching fees from 3CRV to $crvUSD. The vote is live!



It's by no means a done deal, lots of people prefer using $CRV, $TriCRV LP tokens, et al...curvemonitor.com/#/dao/proposalโ€ฆImage
๐Ÿงต3/15
Even given the uncertain vote, the Curve "fee switch" is a lot more likely to materialize than other protocols' fee switch.

Much quicker too... this has been in discussion about 6 months, with a lot of legwork on the backend to make it a reality!

Read 14 tweets
Jun 13
June 13, 2024 Death Spiral โ˜ ๏ธ๐ŸŒ€
Did the dreaded $CRV liquidation event live up to the hype?

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Finally, the headline @CurveFinance's myriad haters have been hoping for. Congrats on your W!

The much-ballyhooed $CRV liquidation event materialized last night.

Mich's multi-year history of artfully dodging liquidations came to a sad end.

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DISCLAIMER before we get going...

Nothing we say in this thread is the official policy of @CurveFinance. This is merely what one long-standing observer has pieced together from public channels.

An official update is expected if the dust ever settles. https://t.me/crvtraders/360753
Read 22 tweets
Mar 4
March 4, 2024: ETHDenver Recap ๐Ÿš€๐Ÿ› ๏ธ
21 Attendees Share Their Takeaways from #ETHDenver2024

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The inevitable question: "How was #ETHDenver2024?" seemed impossible to answer... the event was too big to get a proper sample.

Instead, we asked everybody we met to share their takeaways, and 21 were kind enough to so!

Excerpts follow, full quotes in article at end... Image
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@scupytrooples, Founder @AlchemixFi:

"ETHDenver was a massive jubilation...

Each bear market we survive, the bond we share grows stronger. The sheer amount of development happening in the Ethereum ecosystem is staggering, and it is honestly too much to keep up with." Image
Read 24 tweets
Feb 8
February 8, 2024: What the Frok? ๐Ÿค–๐Ÿ“Ž
@frok_ai, and the plan to merge AI and human interactions

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At @CurveCap, we use ChatGPT / @OpenAI on a near daily basis for simple tasks.

But we've given up using it more for complex tasks.

Perhaps written text may also suffer from the same "uncanny valley" problem that's long plagued CGI images? Image
๐Ÿงต3/10
For instance, try having a conversation with the ChatGPT app.

It might be fun to try out, but the experience is quite unnatural. You'll likely never try it again.

It need only improve slightly and you'd likely return and invite your friends. A recipe for viral growth! Image
Read 10 tweets
Jun 26, 2023
June 26, 2023: $crvUSD Monetary Policy ๐Ÿงฎ๐Ÿ“ˆ

The rates are too high! Can't Powell do something?

Not much. The $crvUSD borrow rate is governed by math and onchain inputs, so Fed Chair Jerome Powell would have limited tools at his disposal.

Here's how it works...

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$crvUSD's borrow rate has whipsawed from nearly 0% to 10% multiple times in the weeks since launch.

The Monetary Policy contract is responsible.

This contract considers the balances in the Peg Keeper pools and the debts of the Peg Keepers to set this borrow rate.
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The first input into the Monetary Policy is the balances of the affiliated Peg Keeper pools.

With healthy liquidity in the the v1 pools with major stablecoins ( $USDC, $USDT, $USDP, $TUSD ), $crvUSD has an implied price and a robust ecosystem of utility.
Read 11 tweets
Jun 6, 2023
June 6, 2023: $eUSD-epeg ๐ŸŽญ๐ŸŽข
Why is @LybraFinanceLSD's stablecoin trading above its peg?

Plus, Goldman Gary helps test $crvUSD

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Who wants stability? Boring markets have made it tough to test soft liquidations for $crvUSD.

Duplicitous double-dealing in DC to the rescue!

Market dumps gave two good stress tests, during which the stablecoin performed within expectations.

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What remains mythical, (contrary to every other lending protocol), is the concept of hard liquidations.



We might need significantly more FUD before somebody gets actually rekt on the borrower-friendly platform. GET FUDDING! Image
Read 9 tweets

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