@georgiana77b
The "Liquidity as a Service" trend undermines Curve's veToken model by offering instant bribes without long-term lockups. CRV's advantage was protocol-owned liquidity via vote-escrow, but new competitors abstract away governance complexity. Curve must innovate beyond yield wars - possibly through crvUSD adoption or stablecoin revenue sharing. The veToken model isn't dead but requires adaptation in a market prioritizing convenience over loyalty.
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