CRV indicates a bumper crop for ‘DeFi Summer 2.0’ as DeFi tokens surge

CRV indicates a bumper crop for ‘DeFi Summer 2.0’ as DeFi tokens surge

DeFi summer 2.0 could feature some healthy yields across the ecosystem as indicated by the farmer’s almanac of decentralized finance.

It has been stated that the most promising of all might be the surge in Curve’s CRV governance token price, as multiple common metrics used to gauge the health of the DeFi space are pointing towards a looming bull market

Curve is an essential tool for many retail and protocol-level yield farming strategies and always reffered to as the backbone protocol of DeFi. Curve has been instrumental in permitting for low slippage swaps of a related assets and also for low cost. Also different stablecoins such as Dai, USD Coin (USDC) and Tether (USDT) can be swapped and depositing liquidity into curve pools by users enable them to get CRV governance token emission reward and trading fees.

By total value locked per DeFiLlama with $6.49 billion in assets, the protocol is the seventh biggest, and functions as the primary yield-bearing protocol leveraged by yield vaults like Yearn.finance.

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