Is the Curve DAO Token (CRV) a Good Investment?

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(Edited)

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Curve (CRV) is one of the longer standing DeFi platforms out there. It's an interesting ecosystem and one that tends to raise some eyebrows when it comes to their UI. Regardless of the aesthetic of the Curve.fi interface, the platform is actually very interesting and the pools are some of the busiest in all of crypto.

Many people aren't aware that Curve's pools (especially for USDT and other stablecoins) are some of the most highly utilized pools in all of crypto. These pools are plugged into various sites and DeFi dApps like Compound.

Many users are swapping cryptocurrency through Curve's pools without even knowing it. This is one sign of a bullish aspect of Curve. Building tools and liquidity pools that other projects want to leverage.

Curve (CRV) hit my radar a while back. I never got involved in the early origin story of Curve but DeFi has matured a lot since then. Now, LeoFinance users like Neal have been using Curve for some time and they're earning an impressive APY on the pools there.

Curve offers a staking program for the Curve DAO token (CRV). This allows liquidity providers (LPs) to stake their CRV tokens and earn a higher APY for their LP positions.

This video won't dive into the mechanics of how this works. We've saved that for the follow-up to this clip from the last podcast episode. In this video, we talk about CRV from an investor perspective. Asking basic questions like:

  • Is CRV a good token to buy/HODL?
  • Is Curve a well-designed ecosystem?
  • How has CRV's historical performance held up? Is it oversold?

Let us know in the comments what you think of CRV. Buying this token simply as a utility to earn a higher APY seems like a no-brainer in most respects. Buying to HODL may be a different story, but the token has already given hints of being oversold at the current ~$0.40-$0.45 range.


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6 comments
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The CRV token seems to be very volatile, no? I can't say that I've really followed it or anything. But, the few times I have seen the price action it was on big gains or big dips.

As for adding to the liquidity pools, that seems like a great strategy though. Solid steady returns.

I'll have to listen to what Neal has to say when I get back home. I've been wanting to get a deeper understanding about projects like this. Bookmarked!

Curve has an absolutely amazing interface though, that's for sure! Keep up the good content and work brother!

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(Edited)

My first step into DeFi was on curve 2 months back - more like learning to swim in the ocean by night if you ask me :)
Honestly the UX could be a bit more user friendly, it’s very easy to get lost in there.
As they mention in the video, I would have never bought CRV token and locked it for 4 years if it was not for the 2.5x APY multiplier.
Yes FOUR years ! At the pace the global crypto ecosystem is moving today, good luck to have a prediction of what would be your locked CRV in 4 years.
Nevertheless I did it and most of CRV users are also doing it as the average locking period is 3.6 years.
I’ve been lucky enough to buy CRV in a dip at 0.33 so not very concerned about the price right now.
Something to think about is how fast pools APR are changing and how new pools are added with higher APY.
That makes sense indeed but if you are a small investor keep in mind that pool switching will eat your benefits due to the ETH gas fees.
Seems like I didn’t paint an ideal picture of curve but don’t get me wrong, I’m still happy with my investment there and don’t plan to exit my money. Maybe switch pool when my APY goes too low and if gas fees are reasonable ;)

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This is another investment opportunity shared with the Leo Finance community. I think in such information lays the power of the community and what gives high value to Leo Finance. Get into market opportunities before others, share your investment thoughts and create debate whether that is good or bad.

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(Edited)

That was a good chat, with some good perspectives on the subjects covered.

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This is a challenging question as I think many have also spotted this which has inflated the cost of the coin. It's hard to guess where a coin value is going to land in the long run but I think you're right with it being oversold at current.

Given that the APY is good and it's a great asset to have for a return this has contributed to the coins high value at current. Now I could be wrong and it could continue to grow but I think that's on the lesser end.

I think the other issue that will retain the price is it's utilisation of swapping. If the coin becomes too volatile it will impact the transactions. Either way, a good investment for the APY but not something I would HODL.

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!BEER
for you

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