Curve

The demand for swapping Coinbase's cbBTC continues to rise, with notable metrics: - **Pool utilization** reaches 150% - **Unincentivized APR** stands at 7.6% This trend has persisted for at least two days, indicating sustained interest in cbBTC swaps. The high pool utilization suggests increased trading activity, while the attractive APR may draw more liquidity providers to the pool. Traders and investors should monitor these metrics closely, as they may impact swap costs and potential earnings from providing liquidity.

A brief announcement has been posted on the website, stating: - The message will only be visible for a few weeks - It will not be required after that period This temporary notice appears to be informing users about a short-term change or update. No further details about the content or purpose of the message are provided. **Action:** Check the website regularly for any updates or changes related to this temporary message.

ChainSecurity has conducted an audit of Curve's fee splitter, as reported on October 2, 2024. The audit report is available on ChainSecurity's website. Key points: - Audit focused on Curve's fee distribution mechanism - Report accessible at chainsecurity.com/security-audit/curve-fee-splitter - Aims to ensure security and efficiency of Curve's fee allocation system This audit is crucial for Curve's DeFi ecosystem, potentially impacting liquidity providers and protocol users. Stakeholders are encouraged to review the findings for a better understanding of the fee splitter's security status.

LlamaLend, a decentralized lending protocol, has introduced liquidation protection measures on the Fraxtal network. This development, still pending community votes, aims to enhance user security and stability within the platform. Key points: - Liquidation protection feature added to LlamaLend on Fraxtal - Implementation subject to community approval - Aims to improve user safety and platform stability Users interested in this update can monitor the progress and participate in upcoming governance votes to shape the future of LlamaLend on Fraxtal.

Curve Finance has published its monthly 'Ahead of the Curve' newsletter for October 2024, recapping key developments from September: - **Protocol Updates**: Details on recent upgrades and improvements to the Curve protocol. - **Governance Decisions**: Summary of major DAO votes and their outcomes. - **Market Analysis**: Overview of trading volumes, TVL, and other key metrics. - **Ecosystem Growth**: New integrations, partnerships, and community initiatives. - **Security Measures**: Any notable security enhancements or audits conducted. The report provides a concise overview of Curve's progress and challenges faced during the past month, offering valuable insights for users, investors, and the wider DeFi community. For more details, visit the official Curve Finance news portal.

Curve Finance is proposing a vote to connect the fee splitter to the fee distribution process. This connection is a crucial step for: - Enabling staked crvUSD - Paving the way for future product improvements The proposal aims to enhance the platform's functionality and create new opportunities for users. If approved, this change could significantly impact Curve's ecosystem and its ability to offer more diverse financial products. **Why it matters**: This update is essential for Curve's growth and could potentially increase the platform's competitiveness in the DeFi space. *Stay tuned for the voting results and potential implementation timeline.*

The highly anticipated PegKeeper 2.0 protocol has been released, aiming to create deep on-chain liquidity using advanced bonding curves. The community is encouraged to participate in the voting process to determine the future direction of the protocol.

Curve Finance has announced an update to its lending protocol. The protocol will now utilize a method that combines two different moving averages to create a price oracle for various Curve tokens, including cvxCRV, sdCRV, and yCRV. Additionally, borrowing against cvxCRV will have an approximate loan-to-value ratio of 78%.

LlamaLend has launched a new borrowing market that allows users to borrow crvUSD against pufETH, a non-redeemable liquidity rebasing token (LRT) from Puffer Finance. The maximum safe loan-to-value (LTV) ratio for borrowing crvUSD against pufETH or similar LRTs has been set at 85%. This decision was made after analyzing data on how non-redeemable LRTs can depeg, ensuring the market can withstand such depegs. The Curve pool for pufETH has a gauge being voted in for seed liquidity incentives. LlamaLend plans to introduce more borrowing markets for other LRTs, provided the Curve pools have the correct oracle implementation.

A vote has been proposed to change the half-life (T_{1/2}) of the Exponential Moving Average (EMA) for the pufETH and ezETH pools from 10 minutes to 20 minutes. This change is considered important for LlamaLend, as it could help sustain depegs like the one experienced by ezETH, providing valuable data to evaluate risks.