Yield wars behind Curve Finance
Quick Take
- Liquidity on Curve has skyrocketed as liquidity providers can earn inflationary CRV rewards, where CRV is Curve’s native token
- CRV has a high inflation rate which gets absorbed by liquidity providers and yield optimizers who buy and lock up CRV for a long time to boost up their rewards
- Three whitelisted yield optimizing protocols provide free reward boosting for users who deposit Curve LP tokens into their vaults
- Convex Finance has locked up more CRV than its competitors albeit recently launched
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Author: Eden Au
