New retweet I was genuinely impressed (in a good way) by the depth of this research written in Japanese. You don’t come across this level of analysis very often these days. I’d like to highlight several conclusions the authors reached while studying Curve Finance: Curve is not just a standalone application, but rather an operating system (OS) for DeFi The $CRV token is the fuel and the set of rights that drive the entire ecosystem With the launch of $crvUSD, Curve Finance became not just an exchange, but a platform with financial infrastructure functions This article is not a “praise piece” for Curve. It also examines the risks the protocol has faced throughout its development. However, in my view, the impact of those risks has significantly diminished over time. 👇👇👇 https://note.com/w3_crypto_pb/n/n21f00441518b#997877a7-0e59-408c-be7f-1cc8038ce20b https://x.com/ilivinskiy/status/2010690032655319240?s=20