But the market gets it. Curve ‘s token is up 50% over the last month. And Curve has become, crucially for what’s to follow, inextricably linked to another product built to work atop it: Convex ...

As of Wednesday, Curve’s TVL had dropped to $3.2 billion, in line with a broader market fall. Convex locks over $3 billion and held over $21 billion during its 2021 lifetime peak.