DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether

📆 08/06/2023 16:06:00
📰 CoinDesk

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Staked ether (stETH) holders can now use their tokens to mint curve usd (crvUSD), a decentralized stablecoin issued by stablecoin swapping protocol CurveFinance. By shauryamalwa.

to allow crvUSD minting via stETH was passed by 100% of Curve DAO community members in a vote that ended Thursday morning. Users can put up their stETH holders as collateral, and Curve shall automatically mint crvUSD whose value will be a portion of the value of the stETH.

As of Thursday, there is a maximum limit of $150 million worth of cvrUSD that can be issued using stETH as collateral.

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