Octover 31, 2023: Sneks vs Apes Comparing and contrasting @ApeFramework and @VyperLang Titanoboa With @BrownieEth growing obsolete, where should devs migrate? 🧵1/24👇

🎬 crvUSD Ape Tutorial 🦍 Lesson 2: Peg Keepers Example porting a script that interacts with the $crvUSD peg keepers from Brownie to @ApeFramework

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Curve Finance’s stablecoin — crvUSD — has been a rare bright spot amidst a bear market that has hit DeFi protocols especially hard. Its market cap stands over $100mn and its peg has been resilient as other stablecoins have struggled.

Apparently someone makes CEX<>DEX soft liquidations (arbs)

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That's right: when you soft-liquidate crvUSD positions you use ALL the world's liquidity, not just on-chain liquidity

Have you ever had a headache trying to understand the @CurveFinance 's bonding curve V2 ?! 🤔 I've written a post to explain Curve V2 in simple terms (on @viamirror ) 👀 This is my first article on DeFi, feel free to give me some RT force 💪 👇

Gm

State of the Vyper Ecosystem by @CurveCap Representing @CurveFinance we're proud to present @CurveCap to the stage to talk about the state of the #Vyper ecosystem, whats currently using it to its maximum potential, and what's on the horizon for the language!

60 millions $veCRV!

Just from my experience: contrary to popular belief, 'toxic flow' is not so toxic. You are paying for the services of spot price keepers. If you pay them more, your market's spot prices are updated more frequently. If you pay them less, your market's spot prices are stale for…

Now that I'm a customer, I cannot see why people would not leverage against staked $ETH (earning yields) while the soft liquidation is so soft, they barely notice... Against @CurveFinance there can be no victory. We must join forces with them @CurveCap , we must join $crvUSD

$crvUSD $1MM in fees collected

Slither `0.10.0` just dropped with 🐍Vyper support:

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But we don't stop there. Echidna and Medusa now support coverage-guided fuzzing of 🐍Vyper as well! h/t @0xalpharush for the amazing work!

Launch partner announcement: @CurveFinance 🚨 crvUSD will be available for lending and borrowing on Sturdy V2 from Day 1 Earn competitive yields on your crvUSD OR borrow using your favorite collateral, powered by Sturdy V2's isolated lending and pooled liquidity engine

What does $6.35m TVL in the Silo | Pendle $crvUSD pool mean? >$6.35m in STICKY liquidity in $crvUSD for @SiloFinance $6.35m in TRADEABLE $crvUSD yield for @pendle_fi $6.35m in $crvUSD out of @CurveFinance pools meaning more yield for others Dem some cross-protocol synergies

If there's one thing that is true in crypto is that things are volatile. The prices. The memes. The people. Another thing that is volatile is the yield. With @pendle_fi , you can now use $crvUSD yield volatility from our CRV-crvUSD isolated market to your advantage 🧵

Not only one, but two vote bounties have been deposited on Votemarket for $sdCRV / $CRV liquidity on @CurveFinance (thank you!), and they will remain active for at least the next 4 weeks! ✅ This will help maintain the peg of $sdCRV to $CRV at around 100%.

titanoboa now connects to @0xFrame natively! just use `boa.env.add_accounts_from_rpc("http://localhost:1248")` #titanoboa #vyperlang #fun

Deleverage at

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is finally up! You can do so even when you are under the liquidation price

$CRVUSD and $CRV holders can utilize MYSO v2 to engage in p2p bilateral lending/borrowing using their respective tokens on bespoke terms

State of crvUSD peg-keeping

🚨RAID ALERT🚨 LeXpunK Army troops are hereby MOBILIZED to OPPOSE the IRS's new draconian anti-crypto tax rules Make your voice heard by sending your complaints to the IRS through our convenient AI-powered drafting tool:

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Live now and generating 75%+ APYs on @CurveFinance and @ConvexFinance is the 𝗧𝗿𝗶𝗖𝗥𝗩 pool. LP upto 5x your position here:

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⚙️🧰

TriCryptoLLAMA. @CurveFinance being funny. 🆕 $crvUSD / $tBTC / $wstETH: 14.9% APY 👉

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@convexfinance

You are here... ↖️ #4thTurning

Better link:

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Apparently 5% of crvUSD supply were already absorbed by Pendle!

Woke up. Did daily sit up. Had coffee. Brushed teeth. Checked new crvUSD pool ( @SiloFinance 's CRV market). 15 hours since launch: 🌾 $5.20M TVL (~13% of total underlying TVL) 🌾 +15% TVL growth 🌾 22.33% APY for stablepool Yup, 'tis a good Friday ☕️

Cannot wait to speed up testing 100x

UPDATE: the-office-its-happening.gif 😮 $crvUSD - $sDAI ✅ $crvUSD - $sFRAX ✅

Earn more when you stake funds with @LybraFinance on #OKXDeFi & enjoy an APR bonus of up to 5%! 😍 Here's how: 1️⃣ Curve LP eUSD-3CRV 2️⃣ Curve LP peUSD-USDC @LidoFinance @CurveFinance Explore now 👉

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Calling anyone with some ARB to vote for the Curve grant, so close to the 50% required!

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Just In! 🔥 Attention all crvUSD and scrvUSD-CRV holders! @SiloFinance 's crvUSD pool is now live on Equilibria! Get ready for a diverse range of rewards: PENDLE, SY Rewards, crvUSD, EQB, and xEQB. Plus, enjoy an impressive APY rate of over 30%! 🔗

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Maybe few noticed, but two RWA-crvUSD pools got first incentives

Interest-bearing $crvUSD deposits in our $CRV market on Silo Llama have been added to @pendle_fi . This will allow crvUSD depositors in our CRV markets to earn a fixed yield or trade their future yield via the Pendle dApp!

Our first USDM pool is live! You can now access the first regulated and permissionless yield-bearing stablecoin on @CurveFinance

Serious question. Why in the world does ERC-4626 standard not have a pricePerShare() method or equivalent?! It was de-facto industry standard thing to do all along!

Octover 11, 2023: crvUSD Ape Tutorial 🦍🧑‍💻 Lesson 1: Quickstart guide to reading crvUSD contracts using @ApeFramework How to get up and running in minutes:

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🧵1/9👇

Apparently Curve oracles are used in cvxCRV, cvxFXS, INV, st-YCRV markets here (in combination with Chainlink). Narrative "make your own pool to make a nice oracle" here?

Apparently there was some unnoticed price shake in frxETH - interesting for stress-testing crvUSD soft liquidations. An N=10 position in soft liquidation took a -0.6% hit (would have been -0.12% if was N=50). Which is an excellent number for that move!

The peg reacts right away

#BTC 𝐛𝐚𝐜𝐤𝐢𝐧𝐠 crvUSD 𝐬𝐮𝐫𝐩𝐚𝐬𝐬𝐞𝐬 ETH tBTC now stands as the 3rd largest asset by debt in the crvUSD market 🎉

Total value of BTC backing for crvUSD is already higher than ETH backing by about $5M 🤔

crvUSD on @AaveAave soon?

crvUSD TVL seems up again! Likely minted with @TheTNetwork tBTC collateral

Incentives for Curve on @arbitrum - anyone got ARBs?

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There is now more WBTC than wstETH collateral in crvUSD

New incentives for pools which have @LidoFinance stETH arrived

TricryptoUSDT performance after adjusting parameters has been interesting. We'll do some more research accounting for the on-chain data and reoptimizing even better. Hopefully, we'll get an optimization methodology which anyone can follow

Doing fully on-chain oracles is not easy but possible!

Made this poster based on things I didn't understand about $crvUSD All the information should be correct, please let me know if it's not though and I'll change it and reupload I've learnt @CurveFinance systems are quite complex and some things are not as intuitive as they seem