Curve vs Uniswap 的12条冷热知识
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1. Curve 并没有散户认为的那么复杂而是被各种分析搞复杂了。(详见9-11)
2. Uniswap是企业，Curve是社区。
3. Curve早就不是只能stableswap了，Curve V2基本能做到Uniswap支持的大部分事情。
4. Uniswap比较重单项产品或者技术的突破，Curve比较侧重生态绑定。

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12 hot and cold knowledge of Curve vs Uniswap
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1. Curve is not as complicated as retail investors think, but is complicated by various analysis. (See 9-11 for details)
2. Uniswap is an enterprise, and Curve is a community.
3. Curve is no longer limited to stableswap. Curve V2 can basically do most of the things supported by Uniswap.
4. Uniswap focuses more on individual product or technological breakthroughs, while Curve focuses more on ecological binding.

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5. Uniswap V2现在仍然是小型项目或者meme项目的首发流动性选择，因为够简单。
6. Uniswap V3是一项伟大创新还是一坨屎目前争论太大，但对于用户来说管理V3仓位的成本和难度确实太高。

5. Uniswap V2 is still the first liquidity choice for small projects or meme projects, because it is simple enough.
6. Whether Uniswap V3 is a great innovation or a pile of shit is currently too much debated, but the cost and difficulty for users to manage V3 positions are indeed too high.

7. Curve的stableswap这个曲线在一定的区间内能够实现非常低的滑点，但在极端情况脱离这个区间后会送脱锚的资产更快归零。
8. Curve的衍生项目无论从流动性还是创新性上来说，最成功的只有Convex，这一轮的Concentrator、Clever算是Convex上的锦上添花，非雪中送炭。

7. Curve's stableswap curve can achieve very low slippage within a certain range, but in extreme cases, it will send unanchored assets to zero faster after leaving this range.
8. Convex is the most successful derivative project of Curve in terms of liquidity and innovation. This round of Concentrator and Clever can be regarded as the icing on the cake of Convex, which is not just a timely help.

9. Curve为什么没有想象中那么复杂，简单的用人话来理解就是 $CRV 的排放被Curve销售给了其他项目方，而换来的是一种流动性服务，为了得到这种服务又产生了“贿赂”，同时因为需要使这个服务存在就必须继续排放 $CRV ，所以争论点在于这种服务的价值比较难量化，它是协议收入、排放、贿赂的一个综合值。

9. Why is Curve not as complicated as imagined? In simple human terms, the emission of $ CRV is sold to other project parties by Curve, and the exchange is a liquidity service. In order to obtain this service, " Bribery”, and because it is necessary to continue to emit $ CRV for this service to exist, the point of contention is that the value of this service is difficult to quantify, it is a comprehensive value of agreement revenue, emissions, and bribes.

10. Uniswap的代币 $UNI 目前是一种比较单纯的治理代币，用于社区投票。它潜在的期望价值在于大家认为有一日Uniswap社区开启手续费收入开关， $UNI 的持有者有希望从其巨额的手续费收入中分一杯羹。但是一旦从LP的手中分走部分手续费收入，有可能造成LP的流失，导致TVL下降。

10. Uniswap’s token $ UNI is currently a relatively simple governance token used for community voting. Its potential expected value is that everyone believes that one day the Uniswap community will open the fee income switch, and holders of $ UNI hope to get a share of its huge fee income. However, once part of the fee income is taken away from LPs, it may cause the loss of LPs and lead to a decline in TVL.

11. 个人感觉Curve所谓的门槛问题并不是什么问题，即使是问题也比较好解决，如果你不太容易去理解这个飞轮的每个运作环节，那持有CRV也只是staking到Convex就行了，甚至不用去新出的这些协议，Convex是真正降低了Curve门槛的产品。

11. Personally, I feel that Curve’s so-called threshold problem is not a problem. Even if it is a problem, it is easier to solve. If it is not easy for you to understand every operation link of this flywheel, then holding CRV is just staking to Convex. No need to go to these new protocols, Convex is a product that really lowers the threshold for Curve.

12. Uniswap V2的门槛确实足够低，同时在印象流的用户群体中已经扎根，这个可以说是Uni这个产品现在最大的壁垒之一了，在不考虑可持续性等因素的情况下，真正是丝滑的无需可地创建流动性，然后自己写个合约就可以激励流动性了。

12. The threshold of Uniswap V2 is indeed low enough, and at the same time, it has already taken root in the user group of Impression Streaming. This can be said to be one of the biggest barriers of the UNI product. Without considering factors such as sustainability, it is really Create liquidity in a smooth and unnecessary way, and then write a contract yourself to stimulate liquidity.

⚠️ 本文为便于理解存在不严谨之处请谅解。
💡 技术性的分析贴有很多，推荐阅读 @mrblocktw @DeFi_Cheetah @0xJamesXXX

⚠️ Please understand that this article is not rigorous for easy understanding.
💡 There are many technical analysis posts, recommend reading @mrblocktw @DeFi_Cheetah @0xJamesXXX