@cagdascanpolat, I believe that prior support becomes resistance so .65 area then 0.85 area for me as potential near term overhead resistances. Alot of people yield farm to mint CRV so it's considered an inflationary token.
@Kosovo, thanks for your follow up. yesterday with alt-coins rallying with high correlation, when bitcoin sold off, was a good sign and CRV is still selling off on lower than avg volume.
CRV is an AMM for stable coins that will gather enough assets to offset its inflationary curve. As looking for a way to MM without a lot of impermanent loss risk, they will flock.
However, it is an inflationary token with a liquid supply curve. Here’s a look at how the initial 1.3B (representing 43% of the total supply) was broken down:
30% to shareholders with 2-4 years vesting
5% to pre-CRV liquidity providers with a 1-year vesting
5% to the CurveDAO community reserve
3% to employees with 2 years vesting
The remaining 1.73B Curve is set to be distributed at a diminishing rate of 2¼ each year, meaning the entirety of the supply will not be issued for over 300 years.
We are in the last week of an election year with potentially another wave of covid and global lockdown. BE SAFE! hodltradecrypto.com