Curve DAO Token (CRV)

Over the next couple of days/weeks, I'm going to give you a deep dive into @CurveFinance. By building an understanding from the ground up. My goal is simple, by the end of this series, you should understand not only what Curve is, but why it became one of the most important pieces of infrastructure in DeFi. The more I learned about Curve, the more I realized that it was built to solve a very specific problem and that's exactly why it became so successful. Imagine you hold a million USDC and want to swap it for USDT. On a traditional automated market maker, a trade of that size would move the price significantly. The larger the trade, the more value you lose to slippage. Curve asked a simple question, What if both assets are supposed to have almost the same value in the first place? If USDC and USDT are both designed to trade around one dollar, why should swapping between them become increasingly expensive as trade size grows? That question became the foundation of Curve. Instead of optimizing for eve

Good yields? https://t.co/8Ml2dshKsP

Yes indeed, Curve is live on @RobinhoodApp chain. Happy to see major players joining the future! https://t.co/Iw1tx5iPPA

Yes indeed, Curve is live on @RobinhoodApp chain. Happy to see major players joining the future! https://t.co/Iw1tx5iPPA

$CRV If $0.17 marked the start of the HTF impulsive uptrend, early June’s wave 1 advanced +56% to $0.2655. Wave 2 has retraced -31.68% so far, equivalent to 88% of wave 1’s length. When wave 2 retraces this deeply in an impulse, wave 3 is likely to extend. To estimate an order of magnitude for wave 3 and avoid exiting a trade too early, I apply a mathematical formula based on the Elliott Wave Principle’s equality guideline. Let’s assume wave 4 will retrace a similar percentage to wave 2. In an impulse, wave 4 is not allowed to enter the price territory of wave 1, then the goal is to find the minimum wave 3 top that prevents wave 4 from closing back into wave 1’s territory if it retraces the same percentage as wave 2’s. Formula used: Wave 3 top = wave 1 top ÷ (1 – wave 2 retracement %) With wave 1 top = $0.2655 and wave 2 retracement = 31.68%, then: Wave 3 top = $0.2655 ÷ (1 – 0.3168) = $0.3886 This means wave 3 needs to push beyond ~$0.3886 for wave 4 to be able to retrace the same percentage as wave 2

Yes indeed, Curve is live on @RobinhoodApp chain. Happy to see major players joining the future! https://t.co/Iw1tx5iPPA

Fun fact: @CurveFinance has deployed to @RobinhoodApp chain 👀

I think it's already here @CurveFinance https://t.co/kjEPDNBT62