If you look at the amount of yveCRV locked in the swap you can clearly see that people are pulling out their yveCRV on Thursdays when the reward is allocated. I noticed this an bought 100,000 yveCRV to test a hypothesis. Will update after rewards have been distributed.
Should be a big profit out of it
I’ve done some calculations and I’m guessing it’s around $3,000 but I’m not sure. Will post results later.
Been up two days now waiting for the distribution but it’s not coming it seems. I exited my position with a small profit at least…
The point was that since holding yveCRV entitles you to fee rewards from the Curve dapp these get lost in the WETH/yveCRV-DAO pool.
Can nothing be done about this? Hundreds of thousands of dollars are lost in this contract every Thursday.