Let's start with crv Here's the thing, crv is currently the largest stablecoin swap website. When exchanging stablecoins on crv, such as usdc-usdt, the handling fee is as low as 0.04%. Equivalent to 0.25% of conventional dex and terrible slippage, crv has extremely high liquidity, and hundreds of millions of stablecoins can easily lie down without any slippage and no handling fees. how fragrant, crv is the uncrowned king of defi

Later, crv set up 3 pools, and other stable currency lp Because crv is a decentralized protocol, important decisions about crv are voted through vetoken (governance authority currency). As long as there are enough votes and the proposal is passed, new liquidity lp can be listed Suppose Xiaoming posted a sbust, and then Xiaoming stocked up a lot of ve-crv. Then Xiao Ming can single-handedly manipulate crv to obtain tens of millions of liquidity out of thin air through the decision to go to sbust. Originally, Xiao Ming's sbust was worthless, but because crv can provide tens of millions of liquidity, it can be exchanged 1:1 with usdc Even if you take a piece of shit, the other party will give you a piece of gold Then the shit in your hand is not called shit, it is called "stinky gold", so that

Later, everyone found that only mastering ve-crv is enough Then there are two ways to play, the first is that you buy crv, take it as a pledge, pledge for two years, and get the most crv (unconsciously, a lot of crv in the market are locked up instead of circulating, smashing the market ) The second is that Xiao Ming knew Sister Wang. Although Sister Wang is a little older and her wrinkles are deeper, she has a ve-crv. Xiao Ming sacrificed herself for her career and won the voting rights of Sister Wang.

Sister Wang's matter is private, and there are institutions that specialize in this matter, and that is the cvx protocol Compared with the original crv protocol, cvx gathers the power of retail investors to form a collective, opening the door to accept bribes Later, various stable currency protocols wanted to obtain the liquidity of crv in this way, and it evolved into crv-war