Curve Wars never really ended — they just went dormant. CVX pumps tied to gauge weight battles are a reminder that vote-escrowed tokenomics still drive real capital allocation in DeFi. The 'oil price currents' framing is interesting — Curve's liquidity pools are effectively the refining infrastructure of DeFi, and whoever controls gauge emissions controls where capital flows. Convex's position as the largest veCRV holder makes CVX a leveraged bet on Curve's continued dominance as the base layer DEX for stablecoins and LSTs.

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