SummaryCurve is a decentralized exchange that burst onto the scene offering yield on stablecoin liquidity pools and has since expanded to other pegged tokens.The Curve platform has shown impressive user growth and adoption, but does that mean the CRV token is a strong long-term investment?Like many tokens, Curve has used inflationary rewards to draw in rewards. What happens when the CRV approaches their maximum supply? Let's dive in.Launched in 2020 as a pegged asset decentralized exchange, or DEX, Curve.Finance almost immediately proved there was market demand for their platform. Curve’s governance token, (CRV-USD), is used to operate the Curve DAO, spawning a pseudo crypto economy with innovative financial tools. The protocol currently has a total value locked (TVL) of around $5.5 billion, and $1 billion in monthly trading volume according to Defi Llama. As we’ve come to learn in the crypto space, the user growth and adoption that Curve has exhibited are crucial when evaluating potential crypto investments, but they are certainly not the only factors. This report will dive into the protocol’s key metrics and the CRV token’s valuation.The TL;DR: We are bullish on CRV-USD in the short term (2-3 years), and we recommend staking it using Curve and boosting staking rewards using Convex. When opportunities arise to take profits, we recommend doing so. Over the long term, we have our concerns which are covered in this report.Curve ...
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