🏦 Top 5 DeFi Protocols Profiting from Curve
1. Convex Finance
Convex Finance
Convex allows users to earn boosted Curve rewards without locking CRV themselves.
It controls a large portion of veCRV, giving it strong influence over Curve governance.
2. Yearn Finance
Yearn Finance
Yearn is a yield optimization protocol.
Its vault strategies often deposit funds into Curve pools to generate higher returns.
3. Frax Finance
Frax Finance
Frax operates a fractional algorithmic stablecoin ecosystem.
It heavily relies on Curve liquidity pools to support the FRAX stablecoin.
4. Stake DAO
Stake DAO
Stake DAO offers:
CRV staking
yield farming strategies
liquidity incentives
similar to Convex’s model.
5. Redacted Cartel
Redacted Cartel
This protocol focuses on accumulating governance tokens across DeFi ecosystems to gain influence over reward distributions.
📊 Why Curve Wars Matter
Curve Wars have:
locked billions of dollars in DeFi
increased competition between protocols
strengthened stablecoin liquidity markets