vqrmadhan
@vqrmadhan
crvUSD is an important release for Curve DAO Curve launches its profitable stable. You will be among the first to know that a vote has been launched that will direct 10% of the revenue from crvUSD to a new revenue splitter contract that distributes income to scrvUSD. scrvUSD is not only a convenient way to earn passive income on a decentralized, oversupplied stablecoin, but also an important step in the development of the Curve ecosystem. About half of the income of Curve DAO, that is, those who drain veCRV (read my article about liquid lockers) are crvUSD loans. The stablecoin, which is a CDP, is engaged in the provision of reliable coins. The loan fee goes to the DAO treasury and is distributed by the staker.
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