Interesting development for Curve's governance. The RAAC allocation to pmUSD gauge shows liquidity focus shifting. Key levels on $CRV are $0.58 support and $0.65 resistance - we're currently testing the 20 EMA on daily. Volume is declining, which isn't ideal for a sustained move. If we break $0.65 with conviction, next target is $0.72. Lose $0.58 and we're likely retesting the $0.52 lows. Watching how veCRV holders react to this vote - could impact token velocity.

Top comment by @ChartWhisperer

More on $veCRV

Convex Finance rose from Curve’s vote-escrow model to dominate the Curve Wars, centralizing veCRV power and reshaping DeFi governance.

Convex Finance rose from Curve’s vote-escrow model to dominate the Curve Wars, centralizing veCRV power and reshaping DeFi governance.

𝕏/@KM_crypto1 ·

Convex Finance turned DeFi governance’s biggest weaknesses—low participation and concentrated power—into a system advantage by optimizing around liquidity coordination and incentive routing rather than idealized voting. By monetizing governance through bribes and veCRV control, Convex built a durable revenue engine that has survived multiple market cycles.

Convex Finance turned DeFi governance’s biggest weaknesses—low participation and concentrated power—into a system advantage by optimizing around liquidity coordination and incentive routing rather than idealized voting. By monetizing governance through bribes and veCRV control, Convex built a durable revenue engine that has survived multiple market cycles.

𝕏/@KM_crypto1 ·

Perry breaks down the Curve War, explaining how veCRV became DeFi’s “Liquidity Stone,” directing emissions, incentives, and power. From StakeDAO and Yearn to Convex’s dominance, control of veCRV ultimately meant control of liquidity flows across Curve.

Perry breaks down the Curve War, explaining how veCRV became DeFi’s “Liquidity Stone,” directing emissions, incentives, and power. From StakeDAO and Yearn to Convex’s dominance, control of veCRV ultimately meant control of liquidity flows across Curve.

𝕏/@DeFi_Perryy ·

Yield Basis releases airdrop to early LPs and veCRV voters, amidst gauge vote for YB / crvUSD pool

Yield Basis releases airdrop to early LPs and veCRV voters, amidst gauge vote for YB / crvUSD pool

𝕏/@newmichwill ·

Liquid lockers like Convex, Yearn, and StakeDAO pool CRV into veCRV, giving users access to boosted yields and governance influence without a four-year lock. These communal boosts have become the norm, reshaping Curve governance and rewards, while direct veCRV still benefits large holders seeking maximum control.

Liquid lockers like Convex, Yearn, and StakeDAO pool CRV into veCRV, giving users access to boosted yields and governance influence without a four-year lock. These communal boosts have become the norm, reshaping Curve governance and rewards, while direct veCRV still benefits large holders seeking maximum control.

news.curve.finance ·

SDGP-57 proposal executed. The $CRV Liquid Locker received a 48.5M $veCRV boost delegation from Curve Finance's Michael Egorov. Now, Stake DAO has over 200M $veCRV boost, over 25% of total supply, to power Onlyboost strategies further.

SDGP-57 proposal executed. The $CRV Liquid Locker received a 48.5M $veCRV boost delegation from Curve Finance's Michael Egorov. Now, Stake DAO has over 200M $veCRV boost, over 25% of total supply, to power Onlyboost strategies further.

𝕏/@StakeDAOHQ ·

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