Why does [redacted] aim to accumulate as much Curve Wars-related capital as possible? And does OlympusDao receive a benefit in having significant governance power over [redacted]? I find Tetranonde's write-ups to be difficult to decipher...
If OlympusDAO has some amount of control over redacted, then that means it will also have the right to decide what it will do with its treasury, which will consist of CRV and CVX. In other words, OlympusDAO will become a participant in the Curve Wars by proxy of [redacted].
fantastic take. keep up the great work!
Thank you!
Why does [redacted] aim to accumulate as much Curve Wars-related capital as possible? And does OlympusDao receive a benefit in having significant governance power over [redacted]? I find Tetranonde's write-ups to be difficult to decipher...
Thank you for your comment!
CRV has intrinsic value due to its capture of Curve trading fees and the voting rights of veCRV. See here for more on this: https://incentivized.substack.com/p/this-is-why-the-curve-wars-are-being
If OlympusDAO has some amount of control over redacted, then that means it will also have the right to decide what it will do with its treasury, which will consist of CRV and CVX. In other words, OlympusDAO will become a participant in the Curve Wars by proxy of [redacted].