$CRV 🤝 $CVX
If you know, you know.
*Image below from my 2021 YouTube vid that broke down the connection between $CRV and $CVX 🫡
If you’re wondering how to bet on stablecoins, look for where the deepest stablecoin depth exists in all of crypto: Curve.
Then understand that Convex controls the flow of liquidity incentives on Curve.
@ConvexFinance owns 51% of all locked $CRV - which means they dominate the control and direction of CRV incentives for @CurveFinance LPs. It is much more attractive for LPers to deposit into Convex pools to get max boosted APRs than just on Curve directly.
Same applies to $FXN, $FRAX and $RSUP.
Current APR for locking $CVX (16 weeks at a time) is 24%.
Juicy 🤑
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