Five years ago today, Curve Finance-Nu saw one of the longest running protocols of Defi-de launching his board token CRV in which remains one of the most unusual moments in the crypto history.
On August 13, 2020, an anonymous Twitter account, @0xc4AD, announced that they will continue and the CRV -Token- and DAO contracts had started before the Curve team itself had done.
“Yo, @curvefinance! I saw that your Dao is ready to rock and I maximized my Alfa! So I went on and implemented it for you,” the account posted.
Tweet drawing ..
They have linked to the implementation address, the token contract and even the freshly made Aragon Dao, as a result of which followers corresponded to the agreements of the contracts.
“You are ready to harvest some CRV with me or what?!?” They wrote, tagging a WHOs who from early Defi influencers.
The curve team, apparently blinded, responded carefully. “Interesting. We are getting care of this, so far it seems that contracts are the right one,” tweeted the official account and noted that they would verify before they endorse the launch.
Once confirmed, the implementation was effectively the official CRV -Token launch, initiated – the story – not by the team, but by an opportunistic outsider. The @0xc4AD account soon disappeared from Twitter, leaving one of Defi’s most sustainable origin stories.
Asked if the mystery will ever be resolved, founder Michael Egorov told Blockworks: “Good question! I still don’t really know today. Looks as difficult as the identity of Satoshi.”
Since that chaotic start, Curve Finance has grown from a stablecoin-oriented AMM DEX in a core layer of Defi’s liquidity stack, which influences the protocol design in the industry. Egorov reflects on his rise and said, “What was calculated, is the market size of stablecoin -swaps”, although he added the centrality of curve to Defi infrastructure “was a bit surprising, but not totally unexpected.”
