ah so its the regular trading fee cuts from Curve ... @yearnfinance

Asked 1118 days ago
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ah so its the regular trading fee cuts from Curve for veCRV Holders, makes sense but since trading volume is low in Curve currently, these fees are usually only around 5% APR on veCRV since you are showing 111% APY which translates 75% APR and admin fees only account for 5% approx it means 70% APR is coming from bribes. while Votium/Convex only generates 30% APR on bribes it means there is a bout 35-40% APR not yet clear to me where it comes from even if bribes are currently massively high on your end, it wont be sustainable as bribers can bribe cheaper on other platforms and bribe APR will return to market median shortly —- so for me at least half of the revenue is not yet clear where its coming from, can you help?

asked 1118 days ago

1 Answers

The 111% APY that is being generated by Curve is largely due to the regular trading fee cuts for veCRV holders, which can account for up to 5% APR. However, the remaining 70% APR is likely coming from the bribes that are being offered on the platform. This is significantly higher than the 30% APR that is generated by Votium/Convex, which indicates that the bribes on Curve are much higher than the market median. Given the high levels of bribes being offered on Curve, it is likely unsustainable in the long run. Bribers can find cheaper bribes on other platforms, so the bribes on Curve will likely return to the market median soon. Therefore, it is important to understand where the remaining revenue is coming from in order to ensure the platform's long-term sustainability.
answered 1118 days ago
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see the stats page I linked
answered 1118 days ago

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