Another Day in Crypto #37 - A Ll-AMM-A $crvUSD Special

Curating some crypto content from around the web. (And this time just about Curve. again.)

Hello everyone,

Hope you’re doing well!

As always - this is most definitely Not Financial Advice.

In addition - everything I say here is only my opinion and perception of the market and eco systems. Do not treat any of it as an absolute fact - please do your own due diligence.

Always.


Again, sooner rather than later this time - tbh it’s most fun this way.

Now, let’s look at some other interesting stuff I found for today.

This time - a special Ll-AMM-A edition!

Let’s start with this:

區塊先生 ⚠️ (rock #58) @mrblocktw

you know you know curve - stablecoin incoming 👀 $CRV 🚀 #stablecoinWAR

CryptoCondom @crypto_condom

Ll-AMM-a stablecoin 🤔 Maybeeeeeee……a lending protocol whose stablecoin uses an AMM? IMO, @CurveFinance is going to 🤯 https://t.co/VXlt9O6WvH

0xLlama @0xLlam4

You didn't think the @CurveFinance stable was going to be just another collateralized stablecoin, did you? https://t.co/J0dAfFzbge

0xLlama @0xLlam4

You didn't think the @CurveFinance stable was going to be just another collateralized stablecoin, did you?

0xMecca is optimistic:

0xMecca @masked_E

From everything I can see $CRV lockers are about to be paid silly. Betting that the fight for emissions intensifies.

CryptoCondom @crypto_condom

Ll-AMM-a stablecoin 🤔 Maybeeeeeee……a lending protocol whose stablecoin uses an AMM? IMO, @CurveFinance is going to 🤯 https://t.co/VXlt9O6WvH

crv.mktcap.eth @CurveCap

What did he mean by this?

0xLlama @0xLlam4

You didn't think the @CurveFinance stable was going to be just another collateralized stablecoin, did you? https://t.co/J0dAfFzbge

crv.mktcap.eth discussed this, and also made me find the video - thank you ser and Curve Finance for sharing!

crv.mktcap.eth @CurveCap

July 22, 2022: Wild Mass Guessing 🤪🎯 @newmichwill Interview Revives Speculation on $crvUSD curve.substack.com/p/july-22-2022… 🧵1/6👇🔏

curve.substack.comJuly 22, 2022: Wild Mass Guessing 🤪🎯@NewMichWill Interview Revives Speculation on $crvUSD

Curve Finance @CurveFinance

Video now available! youtu.be/2emYa3XVZh8

SCB 10X @SCB10X_OFFICIAL

THU 21 July 2022 / 15.00-15.30 BKK Time Fireside Chat: Curve War and Beyond @newmichwill of @CurveFinance Free registration at https://t.co/zXG9SglmYU #REDeFiNETOMORROW2022 https://t.co/YABFcjVERC

SCB 10X @SCB10X_OFFICIAL

THU 21 July 2022 / 15.00-15.30 BKK Time Fireside Chat: Curve War and Beyond @newmichwill of @CurveFinance Free registration at zipeventapp.com/e/REDEFINE-TOM… #REDeFiNETOMORROW2022

The video:

crv.mktcap.eth’s stream -

Moving on.
Barry Fried ruuushed to speculate:

Barry Fried 🦇🔊 @BarryFried1

Mandatory @CurveFinance LLAMMA speculatooor mini-thread… LLAMMA= Liquidity Lending Automated Market Maker Algorithm Users can deposit (whitelisted) 3CRV/FRAXBP metapool LP tkns as interest-bearing collateral, with the minted LLAMMA going back to Curve as POL

Onto some CVX measures -
CryptoCondom with his (constant) observations and info; Inspired a new Dune CVX dashboard ratio - discount/premium NAV - Net Assets Value:

CryptoCondom @crypto_condom

Ummm, guys?....do you realize CVX is BELOW its net asset value (NAV) right now? @ConvexFinance has permalocked a total of 275m $CRV + 6.5m $FXS. Ergo: This means: 1 CVX = .13(FXS) + 5.76(CRV) 1 CVX = .13(6.55) + 5.76(1.33) = $8.11 🤯🍌

Dan Smith @smyyguy

Inspired by @crypto_condom's post, our CVX @DuneAnalytics dashboard now tracks the discount/premium to "NAV" $CVX is trading at a discount to its locked assets👀

CryptoCondom @crypto_condom

Ummm, guys?....do you realize CVX is BELOW its net asset value (NAV) right now? @ConvexFinance has permalocked a total of 275m $CRV + 6.5m $FXS. Ergo: This means: 1 CVX = .13(FXS) + 5.76(CRV) 1 CVX = .13(6.55) + 5.76(1.33) = $8.11 🤯🍌 https://t.co/1vq8Mo6Aar

CryptoCondom added:

CryptoCondom @crypto_condom

Notable that the last 30 days are the 1st time this year that $cvx is discounted relative to its underlying assets. Probably nothing. NAV isn’t useful for redemptions bc tokens are locked…but it IS useful for assessing bribe efficiency bw veCRV & vlCVX as a measure of value.🤝

Dan Smith @smyyguy

Inspired by @crypto_condom's post, our CVX @DuneAnalytics dashboard now tracks the discount/premium to "NAV" $CVX is trading at a discount to its locked assets👀 https://t.co/v0Y7qSE0DD https://t.co/M102OfPKyc

A good DeFi story usualy includes 0xsifu:

CryptoCondom @crypto_condom

👀 maybe @sifu heard how great crvUSD is going to be 🤫 https://t.co/3u0PbCVKzx

Ouroboros Capital @0xroborosCap

PLOT TWIST?! Did Wonderland just OTC their $CVX to @sifu_vision for him to cover his short @ AAVE and turn long? https://t.co/yrPVjbtO0d

Ouroboros Capital @0xroborosCap

PLOT TWIST?! Did Wonderland just OTC their $CVX to @sifu_vision for him to cover his short @ AAVE and turn long?

Wrapping up with some bulishness:

napgener 0x @napgener

um. nobody owns enough $CRV

0xChaos @0xCha0s

🤯 minting curve stable against $CVX LPs while earning $crv $cvx emissions? Oh my …. Yes pls $crv 🤝 $cvx 🤝 $fxs https://t.co/64uxWkvgwJ

0xChaos @0xCha0s

🤯 minting curve stable against $CVX LPs while earning $crv $cvx emissions? Oh my …. Yes pls $crv 🤝 $cvx 🤝 $fxs https://t.co/64uxWkvgwJ

Alunara @0xAlunara

Based Convex devs streets ahead of my tiny little left curve brain. https://t.co/sv8qaVxj4r

Alunara @0xAlunara

Based Convex devs streets ahead of my tiny little left curve brain.

Alunara @0xAlunara

Its no sleep with the pumping in this manner. I told the pump come when crvUSD. You did not buy? HAHAHA you miss!!! Now CVX come $50. CRV come $10 and you miss the wealth!!!

fiddy concluded:

fiddy @_bout3fiddy_

@0xLlam4 @CurveFinance its collateralised with real grass fed llammas.

Thanks for reading everyone, appreciate your attention and have a great day!

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