A reminder to everyone: From the very beginning, the core of Curve's mechanism has been the dividend splitting around CRV. It needs a constant new stablecoin swap to create new CRV lock-up (new sunk costs), and the new stablecoin swap earns the difference between the fee allocation and the actual inflation payout by attracting veCRV with its own inflation As for its "algorithmic advantage" in stablecoin trading, it is more like the demand caused by ETH's own technical defects in that era, not that it is irreplaceable. That's why there isn't a "stablecoin swap" niche like Curve on other high-speed public chains - it's not necessary. With the continuous optimization of the pool fee curve based on Uni V3 by the new dex, the small vertical area of Curve has long been covered. In terms of trading volume, the taillights that were thrown by Uniswap are invisible, and they are currently being caught up by Sui's Cetus Therefore, the Ponzi attribute is the first attribute of Curve, and this plate has been running for 5 years, and it already belongs to the longevity and even "old immortality" plate. According to the standard of the dividend market, Curve's deposit (TVL) has already plummeted after the Luna crash in 22, and it has been declining after many accidents/events, including Michael's house purchase, 2 times he was hacked, stETH was speared, and FTX collapsed. Compared with the CRV price during this period, it can be said that CRV as a plate is actually in a state of soft running, relying on historical trading liquidity and the value of the Binance shell to continue its life If you look at Resupply's Curve data after its launch in March, you'll see that both TVL and volume have more than doubled Therefore, it can be said that Resupply is a "restart order" after Curve returned to the primacy of the dividend split disk, but now the restart disk has also collapsed Players in the old market circle can compare fireworks or MBI, like this situation of multiple restart failures, how should they play? As a plate, the market has given Curve a ridiculous number of chances. The last one was Zhang Yufa Everyone is still too tolerant of foreigners