Head Llama Herder @LlamaRisk | No affiliation with Wormhole Bridge scammers
Jun 10, 2021 • 12 tweets • 5 min read
You thought Curve v2 was enough excitement for the week?
New research on the "A" parameter by some awesome @CurveFinance community members shows how simple modifications to pool parameters could substantially improve volume and pool returns
👇A thread on their findings 👇
1/ For those unfamiliar, the A parameter is what makes Curve great for stableswaps. It concentrates liquidity around the 1:1 price much more deeply than the Uniswap x*y=k algorithm. The parameter can be modified by the Curve DAO to change the concentration around the target price
Nov 13, 2020 • 10 tweets • 2 min read
My head is spinning trying to figure out what the $yveCRV market will look like 🤯
Here's where I'm at 👇
A popular theory is that since yveCRV is the interest earning version of $CRV, it must be worth more. This isn't true.
If yveCRV is priced higher than CRV, there's an arb op to deposit CRV for yveCRV, and sell for CRV at a profit back to 1:1
Why? 👇
USDN pays interest directly to all holders of the token. Deposits in the Curve USDN pool accrue this interest. Interest amounts to about 10-15% annually
Nov 10, 2020 • 15 tweets • 4 min read
I know I shouldn't, but I come bearing alpha on the new Curve strategy, given the release of the @iearnfinance yveCRV vault 🦍
👇
I just can't help myself, you know, you spend so much time getting into the wonderful mechanics of the Curve incentive structure and 🧨💥🤯 New Paradigm...
If you don't know the #CRV mechanics, the tldr is $CRV can be time locked to get $veCRV. This entitles the holder to a cut of fees on the platform. It decays over time and you cannot retrieve your $CRV until the lock expires. This also gives the holder voting rights
