ChainCatcher news, DL Research posted on X that Curve Finance's decentralized stablecoin crvUSD has generated $18 million in fees since its launch in June, with a market cap reaching $66 million.Previous report, CurveDAO launched the yield-bearing stablecoin Saving crvUSD (scrvUSD), which has reached $6.6 million in deposits as of the time of publication.Curve Finance clarified: "Since the fee distribution switched to crvUSD in June, this fee has been generated. The crvUSD itself was launched in May 2023, and more fees have been generated since then."

ChainCatcher news, according to official sources, CurveDAO has announced the launch of Savings crvUSD (scrvUSD), which is a yield version of its stablecoin, allowing users to earn "low-risk" automatic compounding on their crvUSD deposits.

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.

ChainCatcher news, Curve governance members have begun voting on a new proposal that will allocate 10% of the fees generated from borrowing the Curve stablecoin crvUSD directly into a savings pool designated for users of crvUSD.Curve founder Michael Egorov stated that the proposal aims to promote the development of the crvUSD stablecoin, which currently has a market capitalization of $60 million. Theoretically, if the proposal is approved and crvUSD does scale up, the protocol will generate more income for governance members in the long run, but not in the short term.So far, most votes have supported the proposal, which will conclude on Friday.

ChainCatcher news, according to Cointelegraph, Wormhole has initiated a new proposal in the Curve governance forum, suggesting to reduce the collateral cap for crvUSD's TUSD to zero "to completely eliminate exposure to TUSD" due to regulatory risks and solvency issues.The proposal also suggests reducing the mintable amount of PayPal's stablecoin PYUSD from $15 million to $5 million, "thus making the reliance on each PegKeeper suitable for the importance of their respective pools." Currently, the main collateral for minting crvUSD also includes ETH and WBTC.Previously, on September 24, the U.S. SEC reached a settlement regarding allegations of fraud against TrueCoin and TrustToken involving unregistered sales of investment contracts related to TrueUSD. The allegations claimed that 99% of TUSD's reserve funds were invested in high-risk offshore funds, raising concerns about its safety and solvency.

According to ChainCatcher news and reported by Cointelegraph, the decentralized exchange Curve Finance is considering removing TrueUSD (TUSD) from its collateral list for the stablecoin crvUSD. This move stems from the U.S. Securities and Exchange Commission (SEC) filing securities law violation charges against TUSD issuer TrueCoin on September 24.The SEC alleges that TrueCoin falsely advertised that TUSD is fully backed by U.S. dollars or equivalent assets, while in fact, as of September 2024, 99% of TUSD reserves are invested in high-risk offshore funds. The Curve community has proposed to reduce the collateral cap for TUSD as crvUSD collateral to zero and to lower the collateral cap for PayPal's stablecoin PYUSD from $15 million to $5 million.Currently, WBTC and wstETH are the largest sources of collateral for crvUSD, locking approximately $68 million and $60 million, respectively.

ChainCatcher news, Curve founder Michael Egorov announced on social media that he will extend the locking period of his veCRV until August 31, 2028.

ChainCatcher news, ABC Labs has made a strategic investment of $2.2 million in the Curve ecosystem, purchasing 6.46 million sdCRV (Stake DAO's liquid locked Curve DAO tokens) and locking 923,000 Stake DAO tokens (SDT) in a 4-year voting escrow. This investment gives the Reserve ecosystem the largest voting power among non-founding entities in Curve DAO.These investments expand the Reserve ecosystem's influence over CRV and SDT rewards (i.e., Gauge emissions), enhancing the protocol's ability to incentivize on-chain RToken liquidity within the Curve ecosystem.This investment is part of a $20 million investment in the Curve ecosystem aimed at acquiring governance power and promoting RToken liquidity. Currently, the RToken liquidity pool on Curve holds approximately $25 million in assets, primarily concentrated on the Ethereum mainnet.

ChainCatcher news, according to monitoring by Spot On Chain, in the past 28 hours, DWFLabs has deposited a total of 12.5 million CRV (4.12 million USD) into Binance, with the last 10.5 million CRV (3.44 million USD) being transferred out 9 hours ago. The over-the-counter buying price was 0.4 USD, the average deposit price on CEX was 0.33 USD, and DWF Labs expects a loss of 875,000 USD (-17.5%).

ChainCatcher message, according to @ai_9684xtpa's monitoring, five minutes ago the CRV OTC address of DWF Labs, which had been inactive for a year, deposited 10.5 million CRV to Binance, worth 3.48 million dollars.In August 2023, founder Michael Egorov sold 159.4 million CRV to 33 investors/institutions at a price of 0.4 dollars, of which DWF took on 12.5 million. If the remaining portion is sold entirely, it will incur a loss of 717,000 dollars.

ChainCatcher news reports that, according to Ember monitoring, the decentralized stablecoin platform Reserve has purchased 6.45 million CRV (worth 2.03 million USD) through the market maker GSR Markets in the past 6 days.Additionally, Reserve was also one of the buyers in last August's OTC sale by Curve's founder: spending 1 million USD to purchase 2.5 million CRV at a price of $0.4 from the Curve founder. Currently, Reserve holds a total of 19.41 million CRV (6.38 million USD).

ChainCatcher message, Spot On Chain monitoring shows that DWF Labs deposited 2 million CRV tokens (approximately $683,000) to Binance 5 hours ago.It is worth noting that DWF Labs purchased 12.5 million CRV tokens from Curve founder Michael Egorov at a price of $0.4 per token through over-the-counter trading during last year's liquidity crisis, and currently still holds 10.5 million CRV tokens (approximately $3.5 million), ranking third in its portfolio. Based on the current price, its estimated total loss is $824,000, with a loss rate of 16.5%.

ChainCatcher news, Curve Finance officially announced that the inflation rate of CRV has been reduced to 6.35%, which is 375,000 CRV per day.

ChainCatcher news, according to Spotonchain monitoring, in the past 20 hours, two whales (possibly one entity) deposited 17.63 million CRV (3.88 million USD) to Binance.It is worth noting that these addresses purchased CRV from CurveFinance founder Michael Egorov at an OTC trading price of 0.4 USD during last year's liquidation period. If they sell now at a price of 0.22 USD, they will incur a loss of 3.17 million USD (-45%).

ChainCatcher news, the DeFi lending protocol UwU Lend announced that it has repaid 4 million CRV (approximately 1.2 million USD) of bad debt. Since the incident on June 10, 2024, a total of approximately 18,453,580 USD of debt has been repaid.

ChainCatcher news, Curve Finance officially stated on social media that 140 million CRV have been locked in the past 45 days. From August 14, 2024, to August 14, 2025, the total issuance of CRV is expected to be 137 million.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a certain whale withdrew 5.5 million CRV from Binance one hour ago after withdrawing from CEX yesterday, worth 1.51 million USD.It is reported that this whale has cumulatively withdrawn 18 million CRV from Binance and OKX in the last 30 hours, with an average price of 0.26 USD, totaling approximately 4.68 million USD. The price of CRV has also risen from 0.253 USD when this giant whale started withdrawing CRV yesterday to the current 0.284 USD, an increase of 12%.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, a whale has withdrawn a total of 12.5 million CRV (3.17 million USD) from Binance and OKX in the past 4 hours, at a price of 0.253 USD.

ChainCatcher news, regarding the matter that "Curve founder Michael Egorov's address has been liquidated for 2.67 million CRV on UwULend," Egorov himself responded on social media, stating that due to a previous hacking incident, there are currently no CRV tokens available in the UwULend protocol to support uCRV (the CRV deposit receipt token of UwULend). Although the liquidator obtained uCRV through liquidation, they can only withdraw CRV from the protocol after purchasing CRV on UwULend and repaying the bad debt. In this way, Egorov will also be able to withdraw the remaining deposits.Egorov further stated that the current situation is that no one can withdraw funds from the hacked platform (UwULend) before the platform repurchases the funds (such as CRV, etc.).

ChainCatcher news, according to PeckShieldAlert, Curve Finance (CRV) founder and CEO Michael Egorov's tagged address was liquidated for 2.67 million CRV (approximately $691,500) on UwULend.