Since then, many projects are trying to offer a synergistic brick with the Curve/Convex behemoth. However, Convex is not the only project that tried to realize this vision: there was also Yearn, which has now capitulated: Yearn’s Curve vaults are essentially through Convex, which is now more profitable. Convex Finance has become a “functional L2” of Curve: a second layer that brings new features and a different set of tradeoffs. So to extract the utility of CRV, CVX is a credible and more flexible alternative, which is why most DAOs focus on this token. Flexibility: CVX can be used to its maximum capacity by committing 16 weeks + 3 days (vlCVX) while CRV requires up to 4 years of commitment (1 CRV = veCRV).

Yields: 4-5% in cvxCRV + potential bribe yields if capacity is not used (or the protocol also use bribes).Boosts LP Curve: ability to build liquidity via votes on Curve gauges.More specifically, DAOs seem to prefer CVX to CRV, which represents a more favorable trade-off: Thus, the race to accumulate CVX and CRV has become primarily a game for DAOs or whales. To assume a strategic position on CRV or CVX, one must now be able to support an investment of several tens of millions of dollars. The infrastructure around Curve has become much denser with the arrival of Convex of course, but also Votium, Union Llama Airforce, Concentrator, CCRV, Lendflare, Warden, and many other protocols still in development. The game and the fight around CRV and CVX tokens have changed in scope since my last article describing the original Curve Wars, now almost primitive.

Contract wars calculator