CurveDAO launches interest-bearing stablecoin Savings crvUSD (scrvUSD)
ChainCatcher message, CurveDAO has launched Savings crvUSD (scrvUSD), which is developed in collaboration with Yearn Finance and utilizes Yearn's customized V3 Vaults to provide users with yield and interest on stablecoins.
As an interest-bearing stablecoin, scrvUSD offers low-risk returns from a portion of the interest paid by crvUSD minters. This yield is managed on-chain by CurveDAO, which effectively acts as a decentralized on-chain central bank, providing "low-risk" returns. User funds in the scrvUSD module are not re-collateralized, and all collateral remains fully on-chain.
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