Curve Finance Integrates Llamalend and Expands crvUSD Lending Market

🔥 Curve's Llamalend Integration

By Curve
Apr 1, 2024, 6:25 PM
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Photo by Curve

Curve Finance has announced the integration of Llamalend, enabling a crvUSD stablecoin lending market on the Ethereum network.​ This market features auto-adjusting positions based on crypto-tokenized collateral prices, allowing borrowing, lending, and permissionless market creation.​ Recent updates from Curve Finance highlight record volumes and utilization for crvUSD pools, driven by soft-liquidations and de-liquidations.​ The crvUSD collateral has also been enabled on Strike Finance, offering high supply and borrow APYs.​ Curve's innovative lending system avoids hard liquidations, providing a better experience for borrowers compared to platforms like Maker and Aave.​

Sources

Because of heavy soft-liquidations/de-liquidations over the past 24h, the major $crvUSD pools have 100-200% liquidity utilization + good base vAPY. Majority of LLAMMA volume was from wETH liquidations as wETH use as collateral for crvUSD has grown a lot in 2024📊📈 $CRV #DeFi

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Luke ⟠ ⟠ ⟠ 🌾🌞⚔️
Luke ⟠ ⟠ ⟠ 🌾🌞⚔️
@GatheringGwei

crvUSD soft liquidations in action post nuke While borrowers experience small losses while in the liquidation range, they come out the range with the same exposure they started with minus fees Infinitely better than Maker or AAVE hard liquidations Meanwhile $CRV printing fees

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Yet another blockbuster day for $crvUSD: 🔥Record LLAMMA volume @ $58.4m 🔥Record volume for crvUSD pools @ $75m The surge in LLAMMA volume from soft-liquidations tightened up the peg, which lowered borrow rates drastically! Big wETH soft-liquidations $3650 - $3930 $CRV #Defi

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DefiMoon 🦇🔊
DefiMoon 🦇🔊
@DefiMoon

Blockbuster day for $crvUSD: 🥇Record volume for crvUSD stable pools @ $69m 🥇Record # of borrows @ 354 🥇Record LLAMMA volume @ $33m veCRV fees should be very juicy this week since crvUSD mcap has been 150-160m with borrow rates averaging 15-20% 💰😍 $CRV #DeFi

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crvUSD soft liquidations in action post nuke While borrowers experience small losses while in the liquidation range, they come out the range with the same exposure they started with minus fees Infinitely better than Maker or AAVE hard liquidations Meanwhile $CRV printing fees

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DefiMoon 🦇🔊
DefiMoon 🦇🔊
@DefiMoon

Blockbuster day for $crvUSD: 🥇Record volume for crvUSD stable pools @ $69m 🥇Record # of borrows @ 354 🥇Record LLAMMA volume @ $33m veCRV fees should be very juicy this week since crvUSD mcap has been 150-160m with borrow rates averaging 15-20% 💰😍 $CRV #DeFi

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