The CRV Wars series explains how liquidity incentives became a governance market. It starts with Curve’s vote-escrow model, follows the Convex layer, then generalizes the pattern to Balancer and Velodrome-style DEXes.
Reading Path
- CRV wars covers veCRV, Convex, vote buying, bribes, and the race to direct CRV emissions.
- Advanced CRV warfare maps the second layer of protocols built around Curve and Convex.
- Curve vs Velodrome compares veCRV and veVELO incentives, user experience, and liquidity alignment.
- Balancer Wars extends the liquidity-driver framework beyond Curve.



