Curve Finance: The $250M bribes talk you shouldn’t miss out on

Bribes serve as an incentive for voting on gauge weights and can lead to the injection of more liquidity into pools as a secondary effect.or through Votium on the Convex, which is a layer above.

The individuals can earn bribes by holding onto the vlCVX token, which is an instrument of Convex Finance. Based on Dune Analytics’ data, it was observed that over the last few months, the APR provided by the vlCVX token fell from 30.72% to 23.17%.This decline in vlCVX’s APR and the subsequent fees paid out could signal the fact the Curve protocol may be struggling.Another indicator of the Curve protocol facing challenges would be the fall of its share in the DEX space. Since the beginning of the year, Curve Finance’s dominance in the DEX markets in terms of volume fell from 15.2% to 6.2%.

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Source: TorontoStar - 🏆 60. / 55 Read more »