Liquidity crisis which did not happen (thanks to @CurveFinance pools)

Some details about how our fully decentralized on-chain price oracles work

Savings crvUSD now live on @XDC_Network_ Deployed in under 24h thanks to Curve's new crosschain infra. 🧪

Our sUSDai-USDC pool on @CurveFinance has reached top 3 TVL on @arbitrum during its private beta phase. Public launch imminent.

🎙️ @newmichwill, Founder, @CurveFinance Michael Egorov built one of DeFi’s most influential stablecoin AMMs, and helped kick off a new era of onchain liquidity. Join him at Stablecoin Summit to explore what’s next for stablecoin infrastructure. 📌 Andaz Singapore 🗓️ 2 Oct

scrvUSD is currently offering some of the highest organic stablecoin yield in all of DeFi @ 7.4% That's much higher than the 4% $sUSDe offers, or the 3.5% average supply rate of $USDC, $USDT on AAVE, or even Hyperliquid's HLP vault, which is currently offering 6% APR on USDC deposits! Savings $crvUSD holders have been receiving record distributions since start of June due to elevated borrow rates📊📈 The savings rate has steady increased since the beginning of May: The rising yields have attracted a lot of new depositors into the savings vault in May, June. On June 26th, scrvUSD supply hit a record high of $50.7m The solid performance of scrvUSD over the past 2 months has stabilized the crvUSD peg considerably as @CurveFinance noted in this post: If scrvUSD APY continues to climb and rises above 8%, or even 9-10% into July and August, demand for crvUSD could rise considerably. $CRV $CVX

Amazing how stable crvUSD peg has recently been

Monthly summary of everything happening in June

Nice insight from @tokenterminal!

It's always heartbreaking when ecosystem projects which integrate Curve get security incidents, so we wanted to express some words of support to @ResupplyFi. Multiple independent ecosystem projects is what makes Curve strong, resilient and more decentralized. Resupply is very beneficial for our stablecoin (crvUSD) and our lending protocol (LlamaLend), helping to drive adoption of these. In these events, Curve pools and lending markets worked as expected (e.g. Curve users were always safe and unaffected), crvUSD gracefully handled all the related volatility without deviating from the peg at all. However, we will think how to make it easier for integrators to write safe code. While Resupply is not made by Curve devs, its creators are very capable and experienced people who are heavily invested in Curve ecosystem; we are sure that they will do their best to resolve the situation. The affected Resupply insurance pool was designed specifically to cover security incidents like this if they happen. If recovery is possible, that should be the priority - and would serve to reduce the overall impact of these events.