Two top pools on Curve today show 176% and 840% utilizations respectively (probably the highest across all DEXes right now). The very top pool by volume uses no CRV incentives whatsoever (but makes money for the DAO)
Savings crvUSD now live on @XDC_Network_ Deployed in under 24h thanks to Curve's new crosschain infra. 🧪 https://www.curve.finance/dex/xdc/pools/factory-stable-ng-9/deposit/
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.
This is a review of cross-chain work by our engineer Roman.
While porting, he accidentally discovered a bug in commonly used infrastructure, inadvertently helping protocols like Aave, Frax and StakeDAO to stay safe
Daily reminder that borrowing at Curve [https://www.curve.finance/crvusd/ethereum/markets/ and https://www.curve.finance/lend/ethereum/markets/] gives you the highest LTVs possible (~90% on BTCs and ETHs) while having a unique ability to dive below liquidation price for short times