Use case 1: Swapping CRV to cvxCRV to stake

1. One can swap their CRV to receive cvxCRV and immediately stake it on convex finance to receive additional rewards.
2. However, one can also choose to swap CRV to cvxCRV on a secondary market like Sushiswap
3. In the below graph, we see that the volume and transaction of CRV swapped has been decreasing steadily since June 2021.
4. A guess on why this might happen is maybe there is a decline in interest to add liquidity to the cvxCRV/CRV sushiswap pool. Hence, there are less swaps to provide the other end of the liquidity

Conclusion:

1. The two use cases for CRV token holders presented here is to swap CRV to cvxCRV to stake or provide liquidity to the cvxCRV/CRV Pool on Sushiswap
2. However, from the analysis, we can see that the amount of liquidity provided each month is slowly decreasing. This is also enhanced from the amount of liquidity withdrawn from the pool each month increasing.
3. My hunch is that liquidity providers noticed that the fees earned from the pool is not lucrative as expected (as shown as from the decrease in swap volume and number of transactions) and decided to park their capital elsewhere.

3. On the flipside, the amount of liquidity taken out from the pool has increased.
4. Combining the graph above and below, we can conclude that the interest towards earning fees from providing liquidity to this pool has been on the decline. This could possibly be due to unattractive rates or simply observation that there might not be a lot of swap volume for this pool.
5. And they would be right! Because in the first graph in this dashboard, we've seen the swap volume decreasing since June

Use case 2: Providing liquidity for the cvxCRV/CRV Sushiwap Pool

1. CRV token holders can also choose to earn fees from providing liquidity to the pool
2. The first graph shows the amount of liquidity being added to the pool. We see that since its inception in May 2021, 10M CRV (and ~10M cvxCRV) was added to the pool but the amount added each month has been decreasing

Introduction

1. The Curve governance token, CRV, is a token given out to liquidity providers in Curve.
2. The typical use case for CRV is to lock them up to boost the rewards received by liquidity providers.
3. However in this dashboard, I'll explore two other ways one can use their CRV mainly highlighting Convex Finance and Sushiswap. In Convex, one can stake the CRV to receive cvxCRV to earn even more rewards on their liquidity pools. In Sushiswap, one can provide liquidity to the cvxCRV/CRV pool to earn fees.