The game and the fight around CRV and CVX tokens have changed in scope since my last article describing the original Curve Wars, now almost primitive. The infrastructure around Curve has become much denser with the arrival of Convex of course, but also Votium, Union Llama Airforce, Concentrator, CCRV, Lendflare, Warden, and many other protocols still in development.
Decentralized finance has opened up a world of possibilities: a myriad of previously necessary intermediaries are now supernumerary. Nevertheless, it is intimidating because of its potential complexity and interdisciplinary. In addition to the obvious technical dimension, DeFi also invokes concepts from various disciplines: economics, social sciences, “memetics”, etc.
Inflation is more than ever at the center of discussions and concerns: no one understands much about it, no economist has really anticipated it, but we all have an opinion about it.
Today, we leave economics and politics aside to focus on what matters for your wallet: in decentralized finance, all kinds of protocols are developed, and a good part of them provide credible and innovative tools to preserve and develop the purchasing power of a portfolio, even when the macroeconomic context is most uncertain.
DeFi has enabled the emergence of an alternative financial system built on fundamentally different foundations: transparency, open-source, composability and resistance to censorship. Many use cases have emerged and it is now possible to buy and exchange tokens without a centralized intermediary, but also to lend or borrow and much more!
Liquity is still a unique protocol: it allows borrowing on ETH and mint of a stablecoin (LUSD) without requiring governance which makes it “unstoppable”.
The term is not always well understood, so let’s make it clear: the contracts necessary for the existence of Liquity and LUSD have been deployed and since they have no administrative functions, nothing can stop them as long as the Ethereum network is synchronizing.
This article is going to be more personal than usual, but given the subject I can’t do otherwise. We’re going to focus on an NFT project in which I’m strongly involved: the Luchadores. They are fully onchain wrestlers, soon to be characters in an upcoming game, also onchain.
Since the early days of Curve Finance and the launch of the CRV token, we have been waiting, contemplating and assuming what the CRV war could bring. Now, with the launch of Convex, then Bribe.crv and finally Votium, everything is accelerating: VeCRV votes can now be bought!