🔥UPDATE: Savings $crvUSD APY has increased from 7.4% to 9% as weekly distributions to scrvUSD hit a new record high this week: Demand for crvUSD is expected to increase dramatically due to the strong performance of $CRV which is pushing yields up across all @CurveFinance pools, especially crvUSD pools. The CRV pump is already starting to push up crvUSD mcap: August outlook: If CRV starts rallying towards $2 into end of July, early August, crvUSD mcap + daily volume could see significant increases from borrowers, LPs looking for competitive yields in the Curve ecosystem. #DeFi 🌑🌘🌗🌖🌝
DefiMoon 🦇🔊
DefiMoon 🦇🔊9.7. klo 02.12
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
feedsImage
14,82K