crv.mktcap.eth
crv.mktcap.eth

@CurveCap

10 Tweets 2 reads Jun 14, 2022
June 14, 2022: There Will Be FUD 🩸🧸
Attacks against @CurveFinance best bring evidence
curve.substack.com
🧡1/10πŸ‘‡
🧡2/10
It's a bull market for $CRV FUD! The problem is it's mostly not very good.
Good news is we have sufficient data to propose a rubric for evaluating FUD!
1. Beartards 🧸
2. Nebulous 🌌
3. Boomerang πŸͺƒ
4. Underinformed πŸ“•
5. Death Spiral πŸŒ€
🧡3/10
BEARTARDS 🧸
FUD is not just directed against $CRV. Across many tokens, reply guy tactics take the form:
"If ____ is so good, why is it's price down?"
In a market where literally everything is down, this is a pretty good signal to block somebody. They bring 0 value.
🧡4/10
NEBULOUS 🌌
Some FUD appears cutting, but upon inspection the claim is completely vague and insubstantial.
We're happy to address wishy-washy feelings like @SplitCapital brings, but we need something more concrete to work with.
🧡5/10
BOOMERANG πŸͺƒ
"Better to be thought a fool and open your mouth and confirm it"
You risk embarrassing yourself if your argument is bad.
Poor @DefiSafety so badly undermined their credibility with their attack on @VotiumProtocol that nobody can take them seriously anymore.
🧡6/10
DEATH SPIRAL πŸŒ€
Everybody's rightly concerned any protocol may rocket to zero as fast as $LUNA.
Therefore we'd really like if FUD-sters to offered evidence.
If $CRV is actually at risk, we'll pack our bags.
The problem is the evidence is lacking...
🧡7/10
DEATH SPIRAL (cont.) πŸŒ€
It's easy to run a correlation analysis of Curve TVL and prices.
You can detect some interesting correlation between TVL and $ETH price, but far less connection with the price of $CRV.
Here's the code if you want to try: drive.google.com
🧡8/10
It's quite strange, as Curve deserves praise for its recent resiliency and volumes.
Has anything ever handled crashes better than v2 pools?
In contrast, partial list of services that cannot stay up in a price nuke:
* @Nasdaq
* @Binance
* @Coinbase
* @Uniswap
🧡9/10
Good FUD is quite important. We want our community aware of risks.
Standing invite to FUDsters like @0xHamz @0xdoug @GeckoInsights for space in the newsletter to share any substantial arguments.
Otherwise, the community should keep fighting back with evidence and memes!

Loading suggestions...