Curve, the robot decentralized exchange for stablecoins, is kicking off a new dividend program for holders of its governance token, CRV. “We’ll start moving towards a cashflow-based protocol because the numbers are too sweet to not do it,” Curve founder Michael Egorov told CoinDesk in an email. In order to participate in governance, users need to stake their CRV to the voting contract, exchanging CRV for veCRV (voting escrow CRV). Those escrow tokens will begin receiving half of all the staking fees on Curve starting today. Each trade on the platform incurs a 0.04% trading fee, which is left in the […]
Curve
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When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily. On today’s edition of The Breakdown’s Long Reads Sunday, our selections have to do with one of the hottest topics in central banking: yield curve control. “What Is Yield Curve Control?”The first piece is from the St. Louis Federal Reserve and is a primer on YCC, including past U.S. implementations as well as versions from Japan and Australia. “Market Jitters Show How Much Fed Medicine Matters”Our second piece is an op-ed about how dramatically markets reacted to this small detail from the Federal Open […]
Price Point Bitcoin was mostly subdued over the weekend, staying in its recent range between $11,000 and $12,000. Ether, trading around $430, is looking to extend a run of four straight weeks of gains during which prices have nearly doubled. In traditional markets, U.S. equity futures and European stocks advanced, after China’s central bank pumped about $100 billion into the country’s banking system. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and […]
Barstool Sports founder Dave Portnoy went on a blastastic rant on Wednesday, ripping state governors for locking down Americans and asking some brilliant questions along the way — like “When did flattening the curve turn into finding the cure?!” In his three-and-a-half minute profanity-laced tirade, Portnoy said government officials are going about it all wrong in trying to keep every single person from catching the coronavirus, which kills mostly the elderly and unhealthy. “What the f*ck is going on?” Portnoy says at the beginning of the video, which has more than 7 million views. “When did this become, ‘flatten the curve,’ […]
During the early days of the pandemic, the public’s attention was fixed on various models, each showing a steep upswing, with cases steadily increasing each day, followed by the tail-end of the curve as cases fade away. Americans saw, with increasing dread, the predicted upswing in the national numbers. Then, over the last couple of weeks, it stopped. And yet, forecasters are projecting even more deaths on the horizon. A leaked document obtained by The New York Times projected more than 3,000 people could die each day by the end of May. Another historically conservative model, favored by the Trump administration, just doubled its […]