Oh, honey, grab your crypto wallets and brace yourselves-the Curve Finance DAO is about to spice up your life (and your portfolio). 🌶️✨ Yes, you heard that right. Michael Egorov, the brain behind this DeFi drama, has dropped a proposal hotter than a London summer (which, let’s be honest, is saying something). 🥵
So, here’s the tea: a cool $60 million credit line in crvUSD is up for grabs for Yield Basis. Voting kicked off on Wednesday, and spoiler alert-97% of you are already on board. Democracy? More like *crypto-cracy*. 📈💸
Under this Yield Basis shenanigan, CRV holders who stake their tokens will get veCRV in return. Basically, it’s like your tokens are finally getting a job and paying rent. 🏠💰 And get this-Yield Basis will toss back 35% to 65% of its value to veCRV holders, with an extra 25% reserved for the ecosystem. Sharing is caring, right? 🤝
Egorov’s like, “Let’s create pools for WBTC, cbBTC, and tBTC because why not?” And honestly, who are we to argue with a man who’s got a plan and $60 million to back it up? 💪🤑
In his proposal, Egorov drops this gem: “Yield Basis makes an allocation equal to 25% of YB to Curve because, you know, we’re basically the Beyoncé of DeFi-powering the core.” 🎤✨
Apparently, Yield Basis is here to tackle *impermanent loss* (aka the crypto version of “Where did my money go?”). By borrowing and creating a supply sink, it’s like they’re saying, “Debt? We don’t know her.” 🤷♀️
Speaking of losses, Curve Finance has had its fair share of drama-DNS attacks, fake apps, you name it. But hey, with a $2.4 billion TVL, they’re still standing. Though, let’s not forget their peak at $24.2 billion in 2022. Those were the days, huh? 😢✨
DeFi in 2025: The Comeback Tour 🎉
After a snooze-fest between 2022 and 2023, DeFi’s back and it’s serving *looks*. TVL across protocols is now at $163.2 billion-a 40.9% jump since January 2025. Someone call the Guinness World Records! 🌍📈
Aave’s been making moves, going live in the Aptos ecosystem and prepping a new version. Meanwhile, Ethena’s synthetic stablecoin is having a moment post-GENIUS Act. $500 million in revenue? Not bad for a synthetic stablecoin, eh? 💅💸
So, what’s the moral of this crypto tale? Stake your CRV, watch your veCRV grow, and remember-in DeFi, the only thing impermanent is your sanity. 🤪💫
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2025-09-19 01:01