Project hub

Curve

11 pieces · Jul 2021 to Oct 2024 · 4 flagship

Sectors

DeFi11 Stablecoins3 Privacy1 Ethereum1

Search every mention All projects

Coverage per year

12021

62022

22023

22024

Price and coverage

Curve DAO $CRV

Calls: None yet
Since listing: −65%
vs BTC: −91%
Now: $0.365

bullish thesis bearish thesis coverage, no call map, list or mentionWeekly closes in USD, log scale, as of 23 Oct 2026. Call figures turn cyan when the price moved the way the call pointed. Each marker links to its piece.

Start here · the strongest pieces on Curve

Thesis12 Nov 2023Curvance deep dive: omnichain lending, omnichain gauge and CVE tokenomicsThesis that Curvance can become a blue-chip DeFi protocol: a lending protocol for Curve ecosystem LPs with an omnichain gauge and vote escrow built on LayerZero, 'sell the shovels' in a liquidity war. Includes CVE distribution with 420,000,069 max supply and 59.25% gauge emissions.Map10 Sep 2022Stablecoin landscape: centralized, overcollateralized and algorithmic designsMaps stablecoin designs by the trilemma of peg stability, capital efficiency and decentralization: fiat-backed, CDP-based, algorithmic and fractional-algorithmic, with market caps and post-UST risk lessons.Explainer11 Sep 2022How constant product AMMs work: pricing, price impact and slippage mathDerives the xy=k pricing model step by step, separating quoted from transaction price, showing price impact as dx/(dx+x), and comparing a 1k ETH to wBTC trade on Uniswap versus Bitfinex.

Timeline · every piece, newest first

2024 2

29 Oct 2024Hinkal: shared privacy layer and private hETH for DeFiBreakdown of Hinkal, a shared privacy layer enabling confidential cross-chain DeFi and anonymous staking, with private hETH usable across 8 chains. Argues public chains expose users to MEV and front-running.BreakdownPrivacyDeFi

12 Jun 2024Mento: local currency stablecoins on Celo and the MENTO airdrop bull caseBull case for Mento as a protocol for local currency stablecoins, noting 40% of global GDP is outside USD while USDT and USDC dominate. Explains the collateral design with a volatile reserve layer, the cross-chain access routes and the planned no-code stablecoin toolkit.BreakdownStablecoinsDeFi

2023 2

12 Nov 2023Curvance deep dive: omnichain lending, omnichain gauge and CVE tokenomicsThesis that Curvance can become a blue-chip DeFi protocol: a lending protocol for Curve ecosystem LPs with an omnichain gauge and vote escrow built on LayerZero, 'sell the shovels' in a liquidity war. Includes CVE distribution with 420,000,069 max supply and 59.25% gauge emissions.ThesisDeFi

23 Sep 2023Bifrost Stable Swap: correlated StableSwap pools for vToken/Token pairsExplains Bifrost's StableSwap pool for yield-bearing vTokens and their base tokens, using a correlated rather than pegged curve. Example: 100 vDOT swap gives 90.8539 DOT on Uniswap V2 (9.146% slippage) versus 99.9958 DOT (0.004%) with A=5,000.ExplainerDeFi

2022 6

12 Sep 2022DeFi profitability: protocol revenue vs token emissions for DEXs and lendersApplies TradFi-style profitability analysis to DeFi, comparing protocol revenue to token emission costs. Sushi comes out profitable, Curve pays far more in emissions than it earns, and Uniswap is a special case with no protocol fee.DataDeFi

12 Sep 2022Impermanent loss explained: derivation, formula and mitigationDerives impermanent loss for a 50/50 constant product pool: LP return scales with sqrt of the price change while holding returns the average, giving divergence loss 2*sqrt(dP)/(1+dP) minus 1. Lists mitigation via stable pools and IL insurance.ExplainerDeFi

11 Sep 2022How constant product AMMs work: pricing, price impact and slippage mathDerives the xy=k pricing model step by step, separating quoted from transaction price, showing price impact as dx/(dx+x), and comparing a 1k ETH to wBTC trade on Uniswap versus Bitfinex.ExplainerDeFiEthereum

10 Sep 2022Stablecoin landscape: centralized, overcollateralized and algorithmic designsMaps stablecoin designs by the trilemma of peg stability, capital efficiency and decentralization: fiat-backed, CDP-based, algorithmic and fractional-algorithmic, with market caps and post-UST risk lessons.MapStablecoinsDeFi

12 May 2022Terra UST collapse: attack timeline, death spiral and what is salvageableExplains how the LUNA/UST mint-redeem design enabled a death spiral and reconstructs the attack: borrowed BTC, Curve 3pool liquidity pull, 350m UST dump and LFG BTC sales. Argues the base layer and its protocols are the only remaining value.BreakdownStablecoinsDeFi

22 Jan 2022Solidly ve(3,3) on Fantom: protocol-owned AMM and NFT-based launchExplains Solidly's ve(3,3) design where emissions flow to the pools with the highest fees and lockers earn fees only on pools they vote for. Covers the launch via ve lock NFTs airdropped to the top 20 Fantom TVL teams and the resulting wrapper DAOs.BreakdownDeFi

2021 1

15 Jul 2021SushiSwap vs AMM peers: 90-day price-to-sales ratiosCompares FDV to total revenue (P/S, 90d) across AMM and DEX protocols using Token Terminal data and concludes SushiSwap looks cheap at 5.1x versus 43x to 230x for peers.DataDeFi

Often covered with

Uniswap27 Aave14 Token Terminal9 Celo7 Squid6 Wormhole24 Axelar32 LayerZero35

Working together

Research, advisory and builds for deep-tech teams.

View CV A1 Research