> ## Content Index > Fetch the complete content index at: https://news.curve.finance/llms.txt > Use this file to discover other available public pages before exploring further. # Ahead of the Curve - September '24 - URL: https://news.curve.finance/ahead-of-the-curve-september-24/ - Published: 2024-09-05T16:37:54.000Z - Updated: 2024-09-05T16:37:54.000Z - Author: Curve In the 300 year arc of Curve, August 2024 will most likely be known for the major Curve emissions reduction: [$CRV HalvesCurve’s $CRV token officially celebrated its fourth birthday with its most notable emissions reduction to date. The emissions reduction was officially triggered at Aug-12-2024 10:21:59 PM UTC The famous tx reducing $CRV issuance for the next year. https://t.co/Aspm0ROkJE — Saint (Llama) Rat (@saint\_rat) August![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/size/w256h256/2020/07/apple-touch-icon.png)Curve.fi NewsCurve![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/size/w1200/2024/08/halving.png)](https://news.curve.finance/crv-halves/) Between the inflation cuts and revenue increases, Curve is turning "profitable" (depending on how you map traditional financial accounting methods into the web3 world). > Actually this data does not include veCRV voting incentives which are huge. So Curve DAO is \_already\_ a profitable project > > — Curve Finance (@CurveFinance) [August 27, 2024](https://twitter.com/CurveFinance/status/1828462946013339826?ref%5Fsrc=twsrc%5Etfw) At times this even led to periods where incentives could provide a nearly 2x efficiency bonus! > Protocols with liquidity on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) are beginning to wake up from defi hibernation and a DeFi renaissance is beginning to form a strong narrative, especially as it relates to cash flowing players > > For every $1 in incentives, there are $1.98 in… [pic.twitter.com/nl3BsT78wM](https://t.co/nl3BsT78wM) > > — Boz 🛡️ (@boz\_menzalji) [August 24, 2024](https://twitter.com/boz%5Fmenzalji/status/1827425031120679019?ref%5Fsrc=twsrc%5Etfw) ## Lending As happens so often in cryptocurrency, markets in August were volatile. However, borrowers in crvUSD and Llama Lend were comfy. While markets dumped, soft liquidation automatically converted their positions into crvUSD. Whenever prices reversed, these positions were automatically de-liquidated on the way up. > True, if the men of the mini plunge protection team took advantage of the soft liquidation mechanism via [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) lending platform, they could remain in an underwater position for weeks and come out back on top if/when price recovered 💯 > > It's a unique and first of it's kind… > > — CrediBULL Crypto (@CredibleCrypto) [August 13, 2024](https://twitter.com/CredibleCrypto/status/1823443711256142292?ref%5Fsrc=twsrc%5Etfw) > On , some positions went fully soft-liquidated, but they are still open! They will be automatically converted to ETH on the way up (if they keep watching their health) [pic.twitter.com/AyQP5iQi9z](https://t.co/AyQP5iQi9z) > > — Curve Finance (@CurveFinance) [August 6, 2024](https://twitter.com/CurveFinance/status/1820858696890568813?ref%5Fsrc=twsrc%5Etfw) With many users unfamiliar with the novel mechanics of LLAMMA, the volatile markets provided such borrowers with a crash course in best practices, like keeping an eye on health instead of liquidation prices. > When you are under liquidation price - you still can stay alive on or , no matter what the price of your collateral is! But remember: > \- Need to keep watching your health and repay if it goes lower (<1% is real low, 3% is pretty… [pic.twitter.com/1Qfoqbn6s8](https://t.co/1Qfoqbn6s8) > > — Curve Finance (@CurveFinance) [August 22, 2024](https://twitter.com/CurveFinance/status/1826744755193348536?ref%5Fsrc=twsrc%5Etfw) > August 6, 2024: Soft Liquidation For Dummies 📚🤪 > The single biggest misconception about LLAMMA soft liquidations > > In yesterday's market crash, [$crvUSD](https://twitter.com/search?q=%24crvUSD&src=ctag&ref%5Fsrc=twsrc%5Etfw) users most often got this one concept wrong... > > 🪡THREAD CONTENTS > 2-3: MYTHBUSTING > 4-7: FAQ > 8-12: CASE STUDY > > 🧵1/13👇 [pic.twitter.com/i5ffNNcAaV](https://t.co/i5ffNNcAaV) > > — crv.mktcap.eth (@CurveCap) [August 6, 2024](https://twitter.com/CurveCap/status/1820815498826932624?ref%5Fsrc=twsrc%5Etfw) Traders don't necessarily need to understand the underlying mechanics of the Peg Keeper, but under the hood these special contracts have unique powers to mint $crvUSD and trade these into their affiliated pools to keep the stablecoin on peg. This month we saw more data on Peg Keepers added to the UI, including the ability for users to help claim profits (and get a portion for the help!) > Need some spare cash for borrowing or lending on Llama Lend? > > New UI to get paid for calling the Peg Keepers' update and get a piece of their profits. > > The tricky part is getting more than you use in gas before others swipe the opportunity... [pic.twitter.com/YHGlkLUTlg](https://t.co/YHGlkLUTlg) > > — Curve Llama Lend (@llamalend) [August 22, 2024](https://twitter.com/llamalend/status/1826412330667966568?ref%5Fsrc=twsrc%5Etfw) > crvUSD price seems fairly stable on peg recently. That's no coincidence: it is rock stable when pegkeepers are not empty (which is, when market borrow rates are not too high!) [pic.twitter.com/TvA0A76mwQ](https://t.co/TvA0A76mwQ) > > — Curve Finance (@CurveFinance) [August 21, 2024](https://twitter.com/CurveFinance/status/1826204456893009940?ref%5Fsrc=twsrc%5Etfw) If you are studying Curve lending markets, traders will surely want to study advanced tactics like leverage trading. > 🦙🌈Curve LLAMALEND ([@llamalend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw)) offers some intriguing opportunities to maximize your yields in DeFi. Here are two strategies that stand out: > > 1️⃣ crvUSD against WETH: With leverage up to x10 and an APR ranging from 6.30% to 13.82%, this strategy is perfect for those looking to… [pic.twitter.com/5DcNn5jqOv](https://t.co/5DcNn5jqOv) > > — Jordi in Cryptoland (@lordjorx) [August 27, 2024](https://twitter.com/lordjorx/status/1828430610089591180?ref%5Fsrc=twsrc%5Etfw) For very advanced users, look into performing your own liquidations using Flash loans. > crvusd feeless flashloan liquidity source on ethereum: > > please enjoy and keep our liquidity pools healthy! > > — fiddy (@fiddyresearch) [August 1, 2024](https://twitter.com/fiddyresearch/status/1818952451216589173?ref%5Fsrc=twsrc%5Etfw) > Want to help [@llamalend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw) from [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) eliminate bad debt and make a few profits? 🫡 > > I've just shared an example of a liquidation bot that you can use as inspiration. 🤖 > > Available here: > > — xtycoon (@xtycoonfi) [September 4, 2024](https://twitter.com/xtycoonfi/status/1831247028459917616?ref%5Fsrc=twsrc%5Etfw) The Llama Lend Titanoboa tutorial series has everything you need to get up and running to interact with Llama Lend markets using Python/Vyper. > 🐍 Curve [@LlamaLend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw) Titanoboa Tutorial 🐍 > Lesson 5: Soft Liquidation > This unit shows off how to perform soft liquidations by executing basic trades into and out of the AMM. > > We also show off some basic Matplotlib plotting and boa's anchor command. > > 🧵1/4👇 [pic.twitter.com/Ri46AXboOa](https://t.co/Ri46AXboOa) > > — crv.mktcap.eth (@CurveCap) [August 14, 2024](https://twitter.com/CurveCap/status/1823692633593799125?ref%5Fsrc=twsrc%5Etfw) ## Pools A developing narrative lately has been the rise of high base APY pools. > USD3 pools on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) have quite high base APY > > The rise of the high base APY pools continues... [pic.twitter.com/SpnSMnOPn1](https://t.co/SpnSMnOPn1) > > — Thomas Mattimore (tmattimore.eth) (@mattimost) [August 28, 2024](https://twitter.com/mattimost/status/1828843013461995547?ref%5Fsrc=twsrc%5Etfw) StableSwap-NG pools have a dynamic fee structure, in which a larger fee is charged when the pool is imbalanced. This serve as a tax on arbitrageurs, whose rebalancing trades will be profitable regardless of fees. The end result has been several pools enjoying notably high APYs, often times in excess of rewards. > LRT pools are doing very well. This one () has 870% utilization [pic.twitter.com/vTBKoBMqa6](https://t.co/vTBKoBMqa6) > > — Curve Finance (@CurveFinance) [August 6, 2024](https://twitter.com/CurveFinance/status/1820886792700359106?ref%5Fsrc=twsrc%5Etfw) > Apparently AUSD stablecoin, while having a tiny pool, does 1500% utilization, so the pool makes fees for LPs without any incentives. If anyone wonders - it is seemingly this one [pic.twitter.com/tXRrRS2W8O](https://t.co/tXRrRS2W8O) > > — Curve Finance (@CurveFinance) [August 30, 2024](https://twitter.com/CurveFinance/status/1829475687524131194?ref%5Fsrc=twsrc%5Etfw) > While [@defidotmoney](https://twitter.com/defidotmoney?ref%5Fsrc=twsrc%5Etfw) might not yet be launched, their pool has the highest fee APY on Optimism, followed by a sUSD pool. > > Testing in prod before launch is a good thing! [pic.twitter.com/W99M9fvBDC](https://t.co/W99M9fvBDC) > > — Curve Finance (@CurveFinance) [August 5, 2024](https://twitter.com/CurveFinance/status/1820578455773397436?ref%5Fsrc=twsrc%5Etfw) TriCrypto pools also performed well in periods of volatility. > Tricrypto pools are printing well in such volatility. TricryptoUSDT has params which lead to higher fee APR on average, TricryptoUSDC - to higher volume [pic.twitter.com/wJCvKDW0Je](https://t.co/wJCvKDW0Je) > > — Curve Finance (@CurveFinance) [August 5, 2024](https://twitter.com/CurveFinance/status/1820577624223085047?ref%5Fsrc=twsrc%5Etfw) All Curve pools also enjoy 24/7 uptime even in the most extreme conditions, as they do not rely on concentrated liquidity. > Missed this yesterday. It appears, that Uni3-style concentrated liquidity could not keep up with markets (moving it makes "impermanent loss" permanent), while Curve liquidity in crypto pools is automatically managed. > > So while Curve is an AMM, Uni3 is closer to orderbooks [pic.twitter.com/5LZ5HaOie4](https://t.co/5LZ5HaOie4) > > — Curve Finance (@CurveFinance) [August 6, 2024](https://twitter.com/CurveFinance/status/1820785693049709048?ref%5Fsrc=twsrc%5Etfw) With the $crvUSD peg tighter than ever, it's been a good opportunity for yield farmers looking for dollarcoin yield. > Glad to see a lot of pretty safe options for safe yield with crvUSD pools. Quite a good time to explore as crvUSD peg is ideal $1 these days [pic.twitter.com/JQAdF7oo4E](https://t.co/JQAdF7oo4E) > > — Curve Finance (@CurveFinance) [August 22, 2024](https://twitter.com/CurveFinance/status/1826750091140673911?ref%5Fsrc=twsrc%5Etfw) Bitcoin pools have also made a comeback lately, as the token's relative strength has seen pools for newer tokens like [stBTC](https://x.com/mrsThreshold/status/1828842380381893089), [dlcBTC](https://x.com/dlcBTC/status/1826661319883268473), [eBTC](https://x.com/eBTCprotocol/status/1806754495826956720) and many more in the pipeline. This happens in the wake of the emerging "BTC-Fi" narrative, as well as concerns about governance changes to WBTC. > Proposal from [@TheTNetwork](https://twitter.com/TheTNetwork?ref%5Fsrc=twsrc%5Etfw) to save WBTC 🤔 > > Interesting times > > — Curve Finance (@CurveFinance) [August 29, 2024](https://twitter.com/CurveFinance/status/1829207716075892830?ref%5Fsrc=twsrc%5Etfw) Note for yield farmers looking to maximize their boost to look at the growth of Onlyboost, which automatically optimizes between Convex and Stake DAO. > 🚀 Milestone: $20M+ TVL in [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) Onlyboost gauges on Stake DAO! > > 👉 Optimize [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) yields automatically between Stake DAO & Convex. > > One platform, maximum [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) rewards. Stake on Onlyboost now! 📈 [pic.twitter.com/hFWCw4mHmd](https://t.co/hFWCw4mHmd) > > — Stake DAO (@StakeDAOHQ) [August 22, 2024](https://twitter.com/StakeDAOHQ/status/1826541410230698320?ref%5Fsrc=twsrc%5Etfw) ## Governance Curve governance continues to be actively reshaped in realtime, with Reserve Protocol taking advantage of market conditions to increase their voting power. > Making big moves.... > > ✅ Millions in [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) sdCRV and [@StakeDAOHQ](https://twitter.com/StakeDAOHQ?ref%5Fsrc=twsrc%5Etfw) SDT locked up > ✅ RToken liquidity supercharged > > Full details and overarching strategy ↓ > > — Reserve (@reserveprotocol) [August 28, 2024](https://twitter.com/reserveprotocol/status/1828862532444139605?ref%5Fsrc=twsrc%5Etfw) > This purchase gives the Reserve ecosystem the most voting power of any non-founder entity in the Curve DAO > > — nagaking (@nagakingg) [August 28, 2024](https://twitter.com/nagakingg/status/1828864826635944377?ref%5Fsrc=twsrc%5Etfw) It was a big month in governance, with a successful DAO vote to provide a grant to Swiss Stake, the company building Curve. In the process the company provided a snapshot of all the progress from the company looking backwards: > Here is a review of what Swiss Stake (company building Curve) did so far! [pic.twitter.com/R0PjjTX9mQ](https://t.co/R0PjjTX9mQ) > > — Curve Finance (@CurveFinance) [August 19, 2024](https://twitter.com/CurveFinance/status/1825525410094051611?ref%5Fsrc=twsrc%5Etfw) Plus a roadmap looking forwards: > Scope of the works is mentioned here [pic.twitter.com/UjAAwJoNMS](https://t.co/UjAAwJoNMS) > > — Curve Finance (@CurveFinance) [August 22, 2024](https://twitter.com/CurveFinance/status/1826638854964789538?ref%5Fsrc=twsrc%5Etfw) But by far, the most contentious vote took place outside of the DAO, as Curve fans debated the style of the UI > Should Curve go back to its roots with a retro branding? It would be the old skool retro style windows sqrt(2) frontend design but modern ux backend. > > — fiddy (@fiddyresearch) [August 25, 2024](https://twitter.com/fiddyresearch/status/1827743916457857374?ref%5Fsrc=twsrc%5Etfw) For a monthly digest, subscribe to the [official Curve newsletter](https://news.curve.finance/) below. Your email will never be used for any other reason than email this newsletter to you!