I have mentioned earlier that I wanted to write about Curve Finance tokenomic. Now I have finally gotten down to put the pieces altogether.
What is Curve Finance?
Before we dive into the tokenomic, I would recommend reading this article as a primer if you are not familiar yet with the Curve Protocol - Three minutes to take you to understand Curve Finance, the king of stablecoin trading platforms. (The article took me about 13 minutes to read instead of 3!)
[I have purposely coloured the texts of various tokens mentioned so that it is easier to differentiate as you read.]
CRV is the native token of Curve Finance and distributed as reward for providing liquidity to the protocol. Now let's take a look at the brother protocol of Curve which serves a different purpose - Convex Finance.
What is Convex Finance?
It is a protocol that allows liquidity providers to earn trading fees and claim boosted CRV without locking up CRV themselves. Liquidity providers can receive boosted CRV and liquidity mining rewards (on Sushi)....