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$CRV

Curve, around since early 2020 is also one of the proven DeFi protocols.

It's an automated market making protocol mainly used for stable coin trading which is very important for efficiently transacting in an open and decentralized world.

It is a so called DeFi primitive, just like $AAVE.

Primitives in DeFi can be seen as the simplest, yet essential, elements or protocols upon which more complex financial instruments and services are built.

Price seems to have bottomed and $CRV broke its first resistance and a subsequent retest. I now wanna see it hold above 0.63.

More and more rumours indicate that a spot ETF approval for $BTC is imminent. That will be historic. Two things can happen after this big approval anticipation:

-yes, it is approved: $BTC will make a big spike (and probably sell-off after the initial mania)

-no ETF-approval: the whole market will probably correct.

In both cases it's smart to have a big $BTC position. So we sold the upleg in $MATIC and we took small profits in $CRV and reinvested the proceeds in $BTC. Safer, but still fully invested in case the good news hits the markets and we go to the extreme greed-fase of this bull-leg.

As $ETH is taking over and seems clearly ready to break above 2100usd, we decided to add some new alts who tend to do well when $ETH is on the rise: $LDO and $CRV .

We bought them mainly by taking another round of profits in $INJ and with our $BTC stack.

As well as

Render Token (RNDR) Tweet:

🔵 #RenderToken $RNDR

✅ GPU rendering on blockchain

❌ Niche market, adoption rate

🚀 Growing demand for rendering

⚠️ Competition with traditional platforms

🔎 Innovating digital graphics rendering

🔵 #InjectiveProtocol $INJ

✅ Decentralized derivatives trading

❌ Early stage, potential bugs

🚀 Expanding derivatives market

⚠️ Established centralized exchanges

🔎 Promising for decentralized finance (#DeFi)

🔵 #THORChain $RUNE

✅ Cross-chain liquidity provider

❌ Smart contract vulnerabilities

🚀 Demand for cross-chain solutions

⚠️ Reliance on external oracles

🔎 Bridging liquidity gaps in #crypto

🔵 #CurveDAO $CRV

✅ Stablecoin decentralized exchange

❌ Smart contract risk, competition

🚀 Growing stablecoin market

⚠️ Regulatory scrutiny

🔎 Pioneering stablecoin liquidity

🔵 #dYdX $DYDX

✅ Decentralized derivatives platform

❌ New, competitive market

🚀 Rapid DeFi sector growth

⚠️ Scalability and user adoption

🔎 Innovating in DeFi derivatives

3/6

Since the hack occurred on Curve, its price has sharply dropped, and here is where things get interesting. The curve founder Michael Egorov has three significant debt positions, borrowing a total of 97.76 million in stablecoins with a total of 427.5 million in $CRV acting as collateral, or about 47% of the circulating supply. With the price of $CRV down more than 20% over the past 24 hours, there are many concerns over these positions and the liquidity of $CRV token👀