Curve

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.

The Curve lending protocol has successfully stabilized its crvUSD stablecoin. As the supply of crvUSD decreased, pegkeepers began filling the gap, leading to increased stability for the token. Consequently, borrow rates on the protocol have decreased, attracting more users to mint crvUSD and replenish the supply. This positive feedback loop has helped crvUSD regain its peg, with lower borrow rates incentivizing new mints as the supply dwindled.

On May 1st, 2024, the crvUSD stablecoin achieved its target peg value as borrowing rates for the underlying assets decreased. This development is seen as a positive sign for the Curve Finance protocol, which aims to create deep on-chain liquidity using advanced bonding curve mechanisms.

An account with the highest loan-to-value ratio (around 90%) on the Ethereum market experienced an unusual soft-liquidation event during a period of volatility. Despite having the highest leverage, the account only lost 0.3% of its value during the soft-liquidation process. Interestingly, at one point, the account actually earned money instead of incurring losses. Users can explore which wallets are currently in soft-liquidation and which are not through the provided link.

A new dashboard has been developed by @0xcrv_hub to provide users with an overview of various metrics related to the Curve protocol, including voting data, yields, and more. Notably, the dashboard reveals that the income generated from fees and bounties for veCRV holders has already surpassed half a billion dollars.

Curve Finance, a decentralized exchange liquidity pool on Ethereum, has announced that as its liquidity sinks accumulate more crvUSD, the platform will lower its borrowing rates. This move aims to incentivize new mints and create deeper on-chain liquidity using advanced bonding curves, as per the project's community ethos.

The lending platform [Platform Name] has implemented a system where each collateral type is isolated, preventing issues with one collateral from affecting others. This approach allows users to freely choose lending markets based on their individual risk and reward preferences, providing greater flexibility and control over their lending activities.