snowcurve

❤️ DeFi 🇨🇭

[snowcurve @dev_valerio]

@DefiMoon 0,998...... lol

[snowcurve @dev_valerio]

@defi_orbit crazy

[vitalik.eth @VitalikButerin]

Vyper devs continue doing impressive things. Highly encourage people (and their bots) to take another look at the language.

[Kmets @kmets_]

Next week, I will post the first of two ideas I have been dabbling with to fund @CurveFinance builders Swiss Stake perennially without the use of a veCRV fee cut. 🧵⬇️

[Curve Llama Lend @llamalend]

After a series of systematic upgrades to the ethereum:0xf939e0a03fb07f59a73314e73794be0e57ac1b4e peg support mechanics, borrow rates have become far more stable and aligned with market conditions.

The sharp spikes we used to see are largely gone. crvUSD lending now behaves in a much more predictable and sustainable way.

Created by @CurveFinance 🦙🦙🦙

[Convex Finance @ConvexFinance]

BUILT ON CONVEX

Convex became infrastructure and these protocols use it as a core building block — aggregating its yields, integrating its pools, or building products that depend on Convex being there.

[lyxe @cryptolyxe]

“yeah bro i have an AP”

[IkeBillion.eth @Ikebillion_]

crvUSD just had the most aggressive supply expansion in its history.

In 14 days, circulating supply went from $234M to $327M. That is a 40% increase in two weeks. On one day alone, $58M was minted. The supply has since settled at $319M, still up over 36% from where it was a month ago.

I wanted to understand what drove this. The answer is simpler than I expected.

@llamalend is winning the wholesale borrow market. As of April 24, three wallets held over $26M in crvUSD debt on LlamaLend at 0.4 to 1.1% APY, choosing it over Spark USDS on rate alone. Those rates have held.

Right now, the WBTC market sits at 1.10% APR with $178M still available. wstETH at 1.10% with $129M available. sreUSD at 0.48%. The whales got in early. The capacity for a lot more has barely been touched.

When borrowing is this cheap, more people borrow. When more people borrow crvUSD, supply grows. As of May 5, @llamalend confirmed that credit usage has tripled in just two weeks.

This is not a spike. This is a market forming.

Here is the part most people are sleeping on. Everything happening with crvUSD eventually flows back to @CurveFinance gauge incentives, which flow back to @ConvexFinance CRV weight, which flows back to $CVX holders.

Stablecoin issuers who want cost-effective liquidity use Curve. The ones who want to grow TVL without burning their own treasury use Convex's gauge system to amplify those incentives. $CVX, locked for 16 weeks and 5 days, sits at the center of that entire flywheel.

crvUSD supply is growing. Credit demand is tripling. $307M in borrowing capacity sits barely touched at sub-1.1% APR. Whales are already inside.

The cleanest expression of all of this is not CRV. It is $CVX.

[RAAC @Raacfi]

https://t.co/xKT166jMnA

[snowcurve @dev_valerio]

@0xSweep Top paid 😂 u are a clown

[ZachXBT @zachxbt]

Circle has resulted in $240M+ directly funding North Korea across multiple hacks when you had hours to act for a clear cut case.

How is that compliance for USDC?

Stop acting as if you represent permission-less values you are a centralized stablecoin issuer and publicly traded company with an admin button to freeze.

Do not forget the times US law enforcement sent you the same request as Paxos, Tether, Techteryx in relation to Lazarus Group and took 5 months longer to respond.

No law says you could not freeze and your terms of service say you can freeze.

“Internet-native financial activity” moves in minutes for incidents while the ask of a court order takes days.

Instead you freeze 16 business hot wallet for a US civil case due to TRO that had incorrect tracing.

Your blog post contradicts itself in many ways and it’s clear you a leadership problem.

[Michael Egorov @newmichwill]

@eldarcap @PharosWatch @CurveFinance @yieldbasis To respond to this, I think that crvUSD should have had its own token. That being said, it's probably a good idea to align new interesting projects like that with Curve even more.

@aladdindao seems to be doing this quite well

[snowcurve @dev_valerio]

@ag_dwf stfu

[Coin Bureau @coinbureau]

🚨CLARITY ACT COULD DELIVER STRONGEST DEFI PROTECTIONS YET

Senator Cynthia Lummis says recent bipartisan changes to the CLARITY Act make it the “strongest protection for DeFi and developers ever enacted.”

The bill aims to clarify that developers who don’t control user funds won’t face KYC or money transmitter rules.

[snowcurve @dev_valerio]

@mo_anonymus @CurveFinance 🧐🧐

[Jordi in Cryptoland @lordjorx]

How to build a $100M RWA protocol with "bribes".

While most RWA projects struggle, @Raacfi is moving fast. And the secret is pmUSD.

This stablecoin is backed by physical gold audited by ION Digital. Thanks to the recent gold rally, the metal's value far exceeds the pmUSD in circulation.

They’ve already hit a TVL of $100M, definitely not bad for a newcomer.

But the real magic is how they handle liquidity. Instead of deplying on Uniswap, they went straight to the @CurveFinance Wars:

> pmUSD has $35M across three Curve pools. The biggest ($17M) is paired with crvUSD.

> Native trading volume yields are low, so they play the "bribe game." By accumulating vlCVX from @ConvexFinance, they’ve become the 4th largest political power in the ecosystem, controlling 4.1% of the total voting power (@defiwars_ please add them on your list).

> They direct CRV emissions to their own pools, offering sustainable yields because they control 8% to 12% of the incentives each epoch. This crushes the competition and provides predictability to LPs.

Given their governance share, I calculated that they spent roughly $3.5M buying vlCVX before the product was even fully running. My question is... where did that capital come from?

Imagine if giants like PayPal or Ripple stopped using money market incentives to grow their stablecoins and started playing these governance games.

If RAAC can do this with tens of millions, a corporate entry would be spectacular to watch.

[Curve Finance @CurveFinance]

How to build FX liquidity? Here's how!

https://t.co/PopFV28CwM

[Stable Summit 🦫 @stable_summit]

Stable Summit Steps Up

The 2026 program reflects where stablecoins are today: at the intersection of payments, policy, capital markets and onchain infrastructure.

Across keynotes, panels and firesides, the agenda covers FX, tokenized cash, RWAs, liquidity, credit, privacy, regulation and institutional deployment.

The people building and allocating are all in the room.

Be there.

Cannes · 27-28 March

[Frankencoin @frankencoinzchf]

Another week has begun, and another milestone has been reached.

Over 30M Frankencoins onchain.

Start your Frankencoin journey here:

https://t.co/x7kMV0RtD0

[Tangent @Tangent_fi]

Introducing $USG — the next evolution of CDP stablecoins.

Backed by @CurveFinance LP tokens and @pendle_fi PTs, $USG is set to push DeFi further.

A new frontier awaits.

Details below.