I've read 5-6 summaries of Convex over the past 6 months. This is the best one for two reasons: (a) it's extremely clear what is going on under the hood for both CRV and CVX; and (b) the concept of "bribes" is relatively new and is only lightly discussed elsewhere. If one wanted to go a step further, the recently introduced "Union" concept should be added to any update of this piece. https://llama.airforce/#/union/member
Love this write up! Have looked at many breakdowns of curve/convex but for some reason this was the only one that clicked.
I would be very interested in learning more about how Frax Finance fits into the picture. I know you did a piece on Luna a few months ago, and I can’t seem to wrap my head around what makes Frax the leading candidate for defi’s primary stablecoin. I know that it has partnered up and locked itself into the curve ecosystem, but would love to better understand how and what the future looks like for it.
Really well written!
However, I do wonder where the "300 years" CRV emission comes from?
I've read 5-6 summaries of Convex over the past 6 months. This is the best one for two reasons: (a) it's extremely clear what is going on under the hood for both CRV and CVX; and (b) the concept of "bribes" is relatively new and is only lightly discussed elsewhere. If one wanted to go a step further, the recently introduced "Union" concept should be added to any update of this piece. https://llama.airforce/#/union/member
Love this write up! Have looked at many breakdowns of curve/convex but for some reason this was the only one that clicked.
I would be very interested in learning more about how Frax Finance fits into the picture. I know you did a piece on Luna a few months ago, and I can’t seem to wrap my head around what makes Frax the leading candidate for defi’s primary stablecoin. I know that it has partnered up and locked itself into the curve ecosystem, but would love to better understand how and what the future looks like for it.
Thanks again for this great piece!
Fantastic write up!