The cvxCRV is the original derivative, and it has been around for a while. Despite the introduction of competitors like Yearn and Stake DAO, the cvxCRV has been under pressure due to the bear market, FUD and FOMO. The Compounders have helped to some extent, but the fact remains that there is only 285 million cvxCRV with around 12 million CRV in exit liquidity. This has caused the pool to fluctuate between 1:1 and its current 90%.
The cvxCRV team is smart, and they have been working to find ways to support the peg and introduce new products. sdCRV and yCRV both offer attractive yields, but the success of these products will depend on their ability to maintain the peg. Ultimately, the cvxCRV remains the OG of derivatives, and it will be interesting to see how the competition plays out in the future.