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Cryptoyieldinfo
Cryptoyieldinfo

@Cryptoyieldinfo

14 Tweets 70 reads Mar 30, 2021
Twitter
Quick Twitter Guide to Using Curve
1.What is curve?
curve.fi
The best place to earn yield on significant sums of USD, Euro, ETH, BTC.
No IL as every pool is coupled to a variant.
Cheapest place to swap all these assets.
www.curve.fi
2.What is $CRV and $veCRV?
You earn $CRV from providing liquidity
You lock curve to get $veCRV. If 4 year lock 1 $CRV = 1 $veCRV.
$veCRV gives you:
a.% of fees paid weekly paid in USD equivalent (ie 14.59% APR now) and
b.Up to 2.5 yield boost on every USD, ETH, etc. pool.
3.What is the yield?
See curve.fi:
The APY is the simple underlying interest (paid in USD equivalent)
Then you get $CRV rewards. The first number is no veCRV unboosted %. The top of range is 2.5x full boost if enough veCRV locked. Some pools have further tokens.
curve.fi
4.How much deposit do you need to make it worthwhile?
Setting up 10-11 pools properly is gas intensive this is probably only worthwhile with >$200k of 75% USD, 20% ETH, 5% EUROs. Probably costs $1000 in Ethereum gas fees to setup on a low gas 50 gwei day.
4.How
5.How does veCRV boost?
The $veCRV boosts every pool. You do not need to choose which pool to boost but for $veCRV to be effective you should boost several pools. However, some pools can be boosted more than others, so only some pools make sense.
5.How
6.How much CRV do I need?
Calculate here:
dao.curve.fi
You’ll need about 10% of your total USD (75%)/ETH(20%)/EURO (5%) value as CRV to fully boost. So say if you have $1m of mixed assets need approx. $100k $CRV
dao.curve.fi
6.How
7.So which pools should I use?
3pool, compound, y, b, susd, gusd, usdn, aave for USD
Eurs for EURO
sETH and stETH for ETH
Bitcoin should probably be on Badger right now.
7.So
8.How do I work out distribution?
dao.curve.fi
Assume 10,000 CRV. Fill in 10000 CRV and 4 yr lock.
You need play with deposit until hit max 2.50 boost. Right now:
Compound:16500
Y:19500
B: 7500
S: 9500
3pool: 36000
Gusd: 17000
Usdn: 19000
AAVE: 18000
dao.curve.fi
8.How
9.So how much can I boost in total?
Above: fully boost ~ $143000
Can also boost 6000 EURS, 16 ETH on sETH and 19 ETH on stETH.
So another $52000 of other coins fully boosted.
Ie. Your 10000 CRV ($20,000) fully boosts $143k of USD, $45k of ETH and $7k of EURO
9.So
10.So how much will I earn?
Some pools are extreme like USDN at 121% (but note increased risk of lesser used USD equivalents0.
Others have boosts like $LDO on StETH.
Average around 60% APR with this combination today.
10.So
11.What is that gauge weight vote?
Unless you have millions you don’t need to worry. You can vote to change the Curve weightings if you do have millions. It does not affect you at all unless you are rich enough to swing the percentages for everyone.
12.What is best way to deposit in gauges?
On curve you can deposit single sided. Best to deposit currency with smallest amount when you check pool on curve.fi Deposit page, but usually doesn’t matter too much. After first deposit you then need to stake into gauge.
curve.fi
13.So now I am setup when do I get the Curve?
dao.curve.fi
Your boost is locked until you claim your Curve. After you claim your boost likely changes. You likely need to topup a percentage of your earnt Curve to sustain 2.5x across pools.
dao.curve.fi
13.So
14.How long does this last?
Gas fees are very high on curve pool rearrangements so you probably need to plan do this for months at minimum. You probably need setup a weekly or biweekly claim rebalance cycle. Find times of week with low gas.
Good luck!
14.How

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