📊 Fraxlend Attracts $10M in Collateral as a Whale Deposits CRV Fraxlend is an over-collateralized...The growth can be traced to three transactions by 0x7a…5428 in the CRV money market....The address collateralized 10M CRV tokens to borrow 3.5M FRAX tokens. ...The CRV money market has reached a utilization rate of 90%.

Users lock up CRV in Curve governance and receive vote-escrowed CRV (veCRV) in return....At launch the CVX/CRV mint ratio was ~450....the % of CRV daily emissions it captures....As mentioned previously, Convex is earning ~73% of CRV emissions.

Gaming CRV Farming While Twitter goes crazy over penguin NFTs, there have been a few things in DeFi...month-old) protocol, Convex Finance has achieved a new milestone by officially flipping Yearn in terms of CRV...The imminent 15% reduction in CRV emissions this month could also serve as a catalyst as the battle for...CRV emissions intensifies.

As a result, Alchemix dedicated a substantial amount of resources to the CRV wars, a resource black hole...Value accrual to LQTY During the height of the CRV wars, projects were directing $1.03-$1.05 in CRV emissions...BOLD incentives will likely come at a premium to CRV as they are cold hard cash pegged at $1, rather...

CRV to cvxCRV, a liquid version of the 4-year locked veCRV....Fees are split accordingly: CRV: 10% goes to cvxCRV stakers paid in CRV 5% goes to CVX stakers, including...CVX emissions are scaled down on every 100k CRV earned....To achieve the maximum boost and veCRV, one has to lock up CRV for 4 years.

...where the Frax protocol stakes its Curve LP tokens, makes up the majority of the Curve AMO, followed by CRV...Their ownership makes up 54% of the FBP, allowing them to farm CRV and CVX emissions on Convex with this...FRAX into the FBP to balance this new demand, it results in Frax earning more fees and rewards from CRV...

Convex Finance Owns Largest Piece of CRV Pie Convex Finance continues to dominate the Curve wars as...The political power of being a CRV “whale” is extremely valuable, as it allows for Convex to boost Curve...rewards for Convex’s depositors instead of having individual depositors lock up their own CRV to boost...through owning CVX, instead of locking up CRV.

...veCRV, vlCVX, cvxCRV, and cvxFXS To summarize: veCRV = Vote Escrowed CRV (max lock of 4 years) vlCVX...protocol, monitoring the accumulation of veCRV and significant unlocks will often bring insight into CRV...In the first week of July, the rate of locked CRV saw a significant increase – as did the price of CRV...

Impact on CRV Token At first glance, crvUSD looks to have more of an impact on CRV than GHO on AAVE....CRV has a similar current circulating market cap as AAVE ($500M/$964M) and is starting from a smaller...Given the lack of precise data, especially in light of the recent CRV incident, here’s our approach to...

An increase in veCRV% is a bullish long-term indicator for CRV....liquidity in the form of newly issued CRV....CRV depositors earn higher total yields via CVX rewards allowing it to divert 10% of the CRV rewards...surpass the rate at which CRV is being released into the market? ...both CRV issuance and all vesting supply.

The CRV token launched in Aug. 2020 with an incredibly small float and rapid emissions, causing its price...At the time, CRV’s token economics were heavily criticized, but they’ve since proven their token model...LPs on Curve get a boosted yield by locking CRV tokens into veCRV....It’s worth noting that the majority of the newly emitted CRV is locked within Convex.

When it’s time to withdraw, users can choose from cxvCRV, CRV, CVX or ETH....Yields from those vaults are harvested, swapped into CRV and then staked on behalf of the farmer in the...Convex CRV vault where they auto-compound....Users may withdraw any or all of their deposits and yield at any time in cvxCRV, CRV, CVX or ETH.

Various events in the past where the solvency of borrow positions has been questioned, like CRV,  highlight...can also have an impact on mitigating risks during live situations, such as – again – the 2023/2024 CRV...

Firstly, ~633K CRV are being emitted every day to Curve LPs....maintaining its peg to CRV, as well as being able to attract more CRV deposits than regular veCRV....Secondly, ~16% CRV APR, which is generated by paying 10% of all CRV farmed on Convex to cvxCRV holders...The 10% fee paid to cvxCRV stakers is then 10 CRV and 6 CVX.

This model allows CRV holders to lock up their tokens as vote-escrowed CRV (veCRV) for up to 4 years....The longer a user locks their CRV for, the more veCRV they receive....Boosted CRV rewards on liquidity provider positions (up to 2.5x)....Lock part or all of the CRV they receive as rewards for providing liquidity.

CRV supply and borrow rates have a larger spread compared to stable assets like USDC, due to the relatively...The present spread for CRV is ~4% vs. ~1% for USDT, meaning that CRV lenders and borrowers benefit substantially...For example, if CRV supply > borrows, a new user borrowing CRV will get matched with the excess supply...

This action would enable [REDACTED]’s treasury to lock their 7.5m CRV and participate in gauge votes...[REDACTED]’s treasury CRV is currently locked in Convex....So to take advantage of this proposal, the DAO would have to remove some portion of its CRV from Convex...

...protocol, monitoring the accumulation of veCRV and significant unlocks will often bring insight into CRV...In the first week of July, the rate of locked CRV saw a significant increase – as did the price of CRV...In the past, CRV farmed by Frax was sold to FXS.

Since June 27th, a whopping 35M CRV has been locked, taking the total supply of cvxCRV up to ~274M....Previously all the CRV farmed by Frax was being sold....been admitted to the veCRV whitelist and will adhere to the following conditions: Lock at least 5% of CRV...farmed as veCRV Use the remaining CRV to support the cvxCRV peg or convert it directly into cvxCRV...

This model allows CRV holders to lock up their tokens as vote-escrowed CRV (veCRV) for up to 4 years....The longer a user locks their CRV for, the more veCRV they receive....Boosted CRV rewards on liquidity provider positions (up to 2.5x)....Despite such an imbalance, cvxCRV is only trading at a ~2% discount against CRV for a 1M CRV trade.