We are on @BuildOnBase

The latest @CurveFinance newsletter $CRV!!! 🔵 @PrismaFi joining the war 🔵 Juicy APY on Silo Llama with @SiloFinance 🔵 tBTC as new collateral @TheTNetwork More inside !

There's a new gauge vote on @CurveFinance , and it has been deployed by @fraxfinance for the PAYPAL ( $PYUSD )- $FRAXBP pool!

$crvUSD in the latest @BinanceResearch stablecoin report: -crvUSD debt and TVL have resumed their upward climb post Vyper exploit -average crvUSD debt per holder $187K -crvUSD mostly used by #DeFi power users -LLAMMA boosts overall Curve volume, generates fees for veCRV $CRV

August 29, 2023: $crvUSD Travel Guide 🏖️🍹 Review of every $crvUSD yield farming destination Our annotated commentary on every $crvUSD pool. 3-5: Volatile Pools 6-16: Stablecoin Pools 🧵1/17👇

Supply almost 130m New high

1/ 引文 拖了好久， 这段时间还是下定决心把整篇LLamma算法的白皮书总结完了～ 深夜失眠就爬起来想起来写篇thread：《LLamma算法 白皮书数学解析（一》 。…

New markets with @fraxfinance sfrxeth and @TheTNetwork tBTC are up! Borrow rate for the new sfrxeth market is slightly low to encourage migration from the obsolete market.

More pools with /crvUSD is always a good thing!

Casual ATH for total borrowed in crvUSD

crvUSD price fed is published by @chainlink . So, now crvUSD has both permissionless oracles in pools and a traditional, well tested Chainlink price source

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This week we looked into the RWA token $STBT backed by short-term US T-bills and reverse repos, operated by @matrixdock Read our full report here and highlights below 👇

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1/8

August 23, 2023: $crvUSD Loan Analysis 💵📊 Visual breakdown of $crvUSD loss metrics over two months. The story in ten charts... 🧵1/12👇

Some alpha for @CurveFinance gauge voters: Similar to veCRV, your gauge votes decay over time. My hypothesis was that most users don't know this. Here is every user with a veCRV balance >1M and their "efficiency" where the max is voting with 100% of your weight every 2 weeks

The only boost you need on @CurveFinance ! Coming in September. Whitepaper here:

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*frxeth/weth

A vote following Chainsecurity recommendations for manipulation-resistance of EMA price oracles when borrowing against staked ETH - for steth-ng and frxeth/wsteth pools

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The latest @CurveFinance newsletter $CRV!!! 🔵 @PrismaFi is joining the party 🔵 @SiloFinance launched Silo Llama More inside !

Thanks to the @CurveFinance voters, Prisma has been whitelisted to permanently lock $CRV. Details about the airdrop for voters will be communicated in coming weeks🌈

🎉 We have successfully broken 21m TVL in the Silo Llama $CRV silo in less than a week! 🧐 Wait a minute... $13m $CRV deposited but only $70k available to borrow at 53% utilization? Something doesn't add up 🤔 Let us introduce you to protected deposits 👇

Added input for plotting the average interest rate of crvUSD markets. As you can see, avg wsteth interest rate hovers around 5%, which at 4% staking APR means people effectively pay 1% to borrow wstETH with soft liq.

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During the crypto dump last week, $crvUSD liquidators were working very hard. Record daily LLAMMA volume @ $28.2m 📊🦙 Majority of the soft-liquidations were in $wstETH $CRV #DeFi

August 21, 2023: Silo Llama 🧑‍🌾🦙 Silo Labs launches fork with $crvUSD as bridge asset supporting multiple tokens Why we believe this move is particularly brilliant 🧵1/9👇

Pool creation is back!

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Gᵐ

Borrowed $crvUSD supply over 100m for the first time since launch! 📈🥳 There was a very strong bid on crvUSD last week which resulted in pegkeepers printing hard, borrowing rates came down, and that spurred more borrowing. Nice 🎡😍 $CRV #DeFi

Just to avoid any speculations: nothing wrong with Chainlink. It shows aggregate of all markets for spot prices correctly. But for the algorithm we created it's better to NOT use spot prices. And we don't, but "safety limits" are taken from chainlink oracle which reports spot

Two new $50M $crvusd markets : @fraxfinance sfrxETH and @TheTNetwork $tBTC 🦙👀

A vote to disable Chainlink limits in crvUSD markets

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Rationale is explained in the proposal:

Meanwhile crvusd is growing pretty well while being stable

🦙 For those with a watchful eye, you may have noticed a little three-coloured symbol in the top right corner of Silo Llama. 👀 That's right - $CRV rewards streamed straight to $crvUSD depositors in the new $CRV silo. 🫡 Let's go!

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#SiloTheRisk

🦙 We are excited to launch Silo Llama on Ethereum 🦙 Silo Llama is a fork of our existing protocol where $crvUSD is the universally-accepted collateral across all isolated markets (i.e. the bridge asset.)

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Not sure what this means for you? 👇

August 18, 2023: @big_tech_sux 🦙🐍🥳 Join Live Llama (Snek?) Party feat. Charles of @vyperlang at 9 AM PT 🧵1/3

Unlike brrr-based economies, debt-based economies seem to do everything upside down. When there is an "economic downturn" or market crash - borrow rates go really low. Anyone into borrowing around 0%?

Interest rates for @CurveFinance $crvUSD markets are currently at approximately 0.5%. As the total crvUSD continues to grow, surpassing $123,000,000, and the pegkeepers are filled with redeemable stables, it's quite a significant situation!

. @CurveFinance is headed to #TRON and #BTTC networks! 🔺TRON DAO Ventures commits $2M in CRV. 🔺Launching on TRON & BTTC soon. 🔺Partnership aims to enhance TRON’s DeFi ecosystem. 🔺 BTTC's cross-chain tech set to drive DeFi growth. 🔗Read more:

understanding @CurveFinance A = 10 vs. A = 1000

Reminder for those who didn't notice. Please withdraw from arbitrum-tricrypto pool - the only one left alive potentially affected by the compiler bug

Finally! So much needed

The latest @CurveFinance newsletter $CRV!!! 🔵 @AaveAave is going to acquire $CRV 🔵 crvUSD reached a new milestone More inside !

Sers at @fraxfinance are getting serious trying to compete with WETH. CEO of WETH should be worried!

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Maybe everyone already noticed, but @arbitrum sent 1 ARB to a veCRV-controlled smart contract for a test. To test in prod that veCRV controls it correctly, there is this vote:

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It was already tested to work on mainnet-fork, but testing in prod is good!

ARB grant by @arbitrum will be distributed to

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to 0x25877b9413Cc7832A6d142891b50bd53935feF82. Great part is, this address is a smart contract which is not controlled by any physical person: it is controlled by the veCRV directly (over Arbitrum bridge)

RT @QiDaoProtocol: 🥩New staked $ETH vaults as collateral for $MAI on @Ethereum! ✨@StakeDAOHQ Passive stETH Strategy ✨@iearnfinance Curve s…

Good summary of Yearn incident. Affected y and busd (v1) pools which used ancient (and immutable) yearn contracts (deployed in early 2020)

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.@iearnfinance was just hacked for over $10M. Here's what we know. 🧵

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RT @mrblocktw: If you have any Curve related questions, feel free to open a ticket at 👉

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如果你有 @CurveFinance 相關的問題，可…

RT @iearnfinance: Happy April Fool's Day. No, Chat GPT is not our new CTO. Nope, we're not running an ad with Elizabeth Warren. And sadly…

RT @subinium: The imbalance in the @CurveFinance 3 Pool(USDT/USDC/DAI) caused by the USDC's Depegging has been restored in just 3 weeks.…

This monolith on the video looks kind of cool!

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RT @ournetwork__: Triggered by the #SVB bank run, crypto has encountered major turmoil 🌪️🌪️ How is #DeFi faring in the midst of this storm…