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The DeFi Chronicle: 2 Underpriced DeFi Blue-Chips I’m Buying on the Dip
All financial markets are taking it on the chin today. The market cap for the entire crypto space has dropped to around $2 trillion, a 15% reduction from where it stood last week. News out of China regarding real estate giant Evergrande being unable to pay its debts lead to fears of potential financial contagion.
It’s possible markets continue to drop further in the days/weeks/months ahead. However, there are 2 projects that I’ve been keeping an eye on recently that I pulled the trigger on today. Whether these dip a bit more or bounce back in the immediate future isn’t important to me as I am confident that these projects will rise as long as the bull market stays intact.
Coin#1: Curve DAO Token (CRV)
What is Curve?
Curve is an automated market maker allowing investors to swap between different stablecoins. Instead of having to pay massive fees on Uniswap to trade your ETH-based USDC for DAI or USDT to you can use Curve and pay a fraction of the fees.
The Curve token provides two main purposes: 1) Stakers of CRV, earn a share of the transaction fees on the platform 2) You can stake CRV and boost your rewards in other Curve pools
Why I bought Curve
