curve wars

[vohoyi707]

Hi, who knows about this case? How do curve elections happen in general, and why is the competition among projects on this site so strong?

[Mirochich]

It's all hard to explain, there each project issues a managed token, which roughly speaking manages the project. And some projects can take over other projects in certain ways, buying out tokens for example.

[Derecka]

Can you explain me a bit more, because I read somewhere that some of the projects are ready to be absorbed by Convex DAO, which is in the same pool in Curve. And this could have consequences of both decreasing the value of the token and increasing it. I want to buy, but I don't know if I should.

[Mirochich]

As for investing, investing is always considered a risk, you do not know how the market will behave in a month, the same in cryptocurrencies. As for the curve wars themselves, it's hard to explain everything at once. There is a lot going on there. If you want to know everything in more detail. Then read the article about curve wars explained. It will help you understand at least part of what is going on there. But I think CRV coins will be worth more after the merger.