Just a reminder to everyone: From the beginning, the core mechanism of Curve was the dividend split disk around CRV. It requires a continuous supply of new stablecoin mutual aid plates to create new CRV locks (new sunk costs), and the new stablecoin plates attract veCRVs by using their own inflation to earn the spread between fee allocation and actual inflation allocation expenses As for its algorithmic advantage in stablecoin trading, it is more like the demand caused by the technical defects of ETH itself in that era, rather than its inherent irreplaceability. That's why there isn't a "stablecoin swap" ecosystem like Curve on other high-speed public chains - it's unnecessary. With the continuous optimization of the pool rate curve based on Uni V3 by the new dex, the small vertical areas of Curve have long been covered. I can't even see the taillights left by Uniswap in terms of trading volume, but I'm currently being caught up by Sui's Cetus So the Ponzi attribute is the primary attribute of Curve, and this plate has been running for 5 years and belongs to the longevity or even "immortality" plate. If we follow the standards of dividend distribution, Curve's TVL has already plummeted sharply after the Luna crash in 2022, and has continued to decline after multiple accidents/events including Michael buying a house, being hacked twice, stETH falling out, and FTX collapsing. Compared to the CRV coin price during this period, it can be said that CRV, as a plate, has actually been in a state of soft running, relying on historical transaction liquidity and coin safety shell value to extend its life If you examine the Curve data after Resupply's launch in March, you will find that both TVL and Volume have more than doubled Therefore, it can be said that Resupply is Curve's "reboot disk" after returning to the first priority of dividend splitting disk, but now the reboot disk has also crashed Old players in the industry can compare it to Fireworks or MBI. How should they play in situations where multiple restarts fail? As a plate, the market has given Curve an outrageous number of opportunities. The previous one was still Zhang Yufa Everyone is still too tolerant of foreign property owners