June 22, 2021, 5:55AM EDT
• 10 min read

Yield wars behind Curve Finance

Quick Take

  • Liquidity on Curve has skyrocketed as liquidity providers can earn inflationary CRV rewards, where CRV is Curve’s native token
  • CRV has a high inflation rate which gets absorbed by liquidity providers and yield optimizers who buy and lock up CRV for a long time to boost up their rewards
  • Three whitelisted yield optimizing protocols provide free reward boosting for users who deposit Curve LP tokens into their vaults
  • Convex Finance has locked up more CRV than its competitors albeit recently launched

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