Curve

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.

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.