Curve Finance announced the first-ever borrowing against a Curve pool LP token on Curve. Users can now put the reUSD/sfrxUSD LP token up as collateral on Llamalend to borrow crvUSD, while continuing to earn CRV emissions and trading fees on the position.
Curve Finance shared a brief note pointing to new experiments in its IPFS + ENS-hosted frontend, inviting users to check them out. No further details on the specific changes were provided in the post.
Curve Finance highlighted frankencoin's svZCHF as a new use case for its lending stack: users can swap any token into svZCHF directly on the Curve swap page, then use it on a fresh Llamalend v2 market as collateral for a crvUSD loan.
Curve Finance's staked stablecoin scrvUSD is now listed on Flying Tulip Lend, the lending protocol's newest supported asset. The listing gives scrvUSD holders access to lending markets on Flying Tulip, with crvUSD described as a censorship-resistant USD stablecoin.
Curve Finance and yRiskLabs announced a collaboration launching an asset review series, beginning with 3Jane's USD3, a yield-bearing stablecoin. The series will publish structured reviews of DeFi assets, starting with USD3, which 3Jane describes as a credit-backed yieldcoin backed by a pool of credit lines.
Curve's liquidity infrastructure is now live on Arc, Circle's new blockchain network purpose-built for stablecoins. The deployment gives stablecoin users on Arc access to Curve's swapping and liquidity pools.
Curve's frxUSD PegKeeper program with Frax Finance, pairing frxUSD with yield-bearing sUSDai, had a busy August. On-chain minting of frxUSD (ethereum:0xf939…1b4e) nearly doubled, the peg stayed within 6.1 bps, and ResupplyFi received more $sreUSD capacity within the PegKeeper framework.
August also saw LlamaLend V2 borrowing rise 45% as part of the broader Curve ecosystem update.
DAMM Capital is introducing FX LatAm markets on Arbitrum, letting users access Twin Finance stablecoin markets through Curve. The launch starts with latam-dollar pairs, extending crypto-native access to Latin American currency exposure via Curve's liquidity infrastructure.
Yield Basis is running a governance vote in which veYB holders can vote on parameters that would let @coinbase cbBTC and @TheTNetwork tBTC earn more on the platform, similar to how WBTC is handled. The exact parameter changes are being decided in the vote and have yet to be finalized.
Curve's annual CRV emission schedule drops again with the start of Epoch 6, cutting issuance from roughly 115.5M to 97.2M CRV/year (~15.9%). The reduction marks the first time annual emissions fall below 100 million CRV. Like prior August cuts, the change reflects Curve's fixed schedule of periodic emission reductions rather than a one-off adjustment.
Several Curve pools were drained of roughly $61–70 million through reentrancy attacks exploiting a malfunctioning reentrancy guard in older versions of the Vyper compiler. A majority of the drained funds was subsequently returned and Curve said it would reimburse affected users.
Curve Finance deployed its native overcollateralized stablecoin crvUSD on the Ethereum mainnet, with a full public launch following later in May 2023.
The CRV token and Curve DAO contracts were deployed, introducing the vote-escrowed CRV (veCRV) model that gave liquidity providers and token holders governance over the protocol. The contracts were deployed by an anonymous community member using publicly reviewed code.
Founder Michael Egorov launched the first version of Curve, a low-slippage stablecoin AMM built in Vyper, on the Ethereum mainnet. It reached $500,000 in total value locked within 10 days.
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