Curve

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.

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.

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.

A proposal has been made to increase the rewards for ARB, the native token of the Arbitrum network. The proposal aims to enhance the rewards, particularly for liquidity providers, with the assistance of the Arbitrum team. This move could potentially incentivize greater participation and liquidity on the Arbitrum network.

The ezETH/ETH pool has developed a reliable price oracle that can be utilized by the llamalend platform. Additionally, the pool has generated valuable data to calculate safe lending parameters for this and other liquid redeemable tokens (LRTs).

According to reports, Curve pools are experiencing extremely high utilization rates, approaching nearly 1000%. This highlights the significant importance of these pools for liquid rebase tokens (LRTs). In response, Renzo Protocol has introduced a 3x points boost for the ezETH/WETH pool, which is currently offering an attractive annual percentage rate (APR) of over 20%.

On April 26, 2024, an announcement was made regarding an upcoming upgrade to the controller system. This upgrade will enable the controller to understand and interact with decentralized exchange (DEX) aggregators without the need for smart wallets. This development aims to enhance the functionality and accessibility of future markets.