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, according to Cointelegraph, a fake application impersonating the DeFi platform Curve Finance has appeared for the third time this year in the Apple App Store, once again targeting unsuspecting users. Despite previous warnings and removals, the application continues to land on the App Store, attracting a large number of downloads and ranking among the top in the financial category in several regions. The app disguises itself as a legitimate tool built for token swapping and liquidity staking, leading to numerous reports of financial losses and security issues in user reviews.Babu Lal, co-founder of the Indian cybersecurity company Frautect, stated that it has "identified, reported, and removed" over 6,500 fake public applications, most of which "belong to the financial category." Despite numerous user reports, warnings from security experts, and even removals of these applications, deceptive apps continue to emerge, putting users at risk of being exploited. Lal noted that the current situation is that "new schemes appear every day," and if security measures are not improved, the situation will continue to spiral out of control.

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, the founder of the decentralized lending platform Curve Finance, Michael Egorov, believes that the potential risks of over-collateralized stablecoins are not necessarily the reserve-related risks commonly noted by investors, but rather the geopolitical risks brought about by government regulation.In an interview, Egorov stated that the underlying assets supporting collateralized stablecoins, including cash deposits from financial institutions and government securities such as U.S. Treasury bonds, are easily susceptible to asset freezes and seizures.

ChainCatcher message, Curve Finance posted on platform X, reminding the community that Apple has not yet removed the counterfeit Curve Finance APP from the App Store. Currently, the Curve Finance APP in its app store is fake. Users are advised to use Curve Finance services through the website as usual, and not through the "APP".In addition, Curve Finance reminds users to be cautious of applications, advertisements, and private messages in instant messaging, as this information may come from counterfeit APP applications. Please pay attention to safety.

ChainCatcher news, Curve Finance stated on platform X that counterfeit applications impersonating Curve Finance are still operational, and Apple has yet to remove this counterfeit app (which was immediately requested to be taken down after its appearance). Curve Finance has never launched an official app on the App Store.ChainCatcher previously reported that a fraudulent application named "Curve defi v3," developed by "Tao Duong Van," misleads users by mimicking the branding and features of the DeFi platform Curve Finance, and it ranks among the top 100 financial applications in the Apple App Store. Despite being flagged as a scam by multiple users, the app remains popular in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk.

ChainCatcher message, a fraudulent application named "Curve defi v3" developed by "Tao Duong Van," misleads users by imitating the DeFi platform Curve Finance's branding and features, and it ranks among the top 100 financial applications in the Apple App Store. Despite being flagged as a scam by multiple users, the application remains popular in regions such as Europe, Latin America, New Zealand, the United States, and Southeast Asia, putting unsuspecting users at risk.

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, according to Cointelegraph, the TON Foundation has announced a partnership with the decentralized exchange (DEX) Curve Finance.This collaboration will "incubate a new stablecoin swap project based on TON" to enhance user experience and stablecoin trading on the TON blockchain. The TON-based swap project will utilize Curve's CFMM technology, which is known for minimizing price impacts on stablecoin and equivalent asset swaps.

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, 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 DappRadar data, Ethereum chain DApp activity increased by 55% in the past seven days. The surge in Ethereum chain activity is primarily driven by Uniswap, followed by 1inch Network and CoW Swap. Other notable contributors include Curve, Instadapp, and Morpho Optimizers.Additionally, according to DefiLlama data, the Ethereum network's TVL reached 19.7 million ETH, the highest level since November 2022, growing by 9.4% compared to last month.According to L2Beat data, driven by the growth of networks like Xai, Base, and Proof of Play, Ethereum L2 activity reached an all-time high on August 7, processing an average of 318 transactions per second. In summary, the number of transactions currently processed by Ethereum scaling solutions is 24 times that of the Base chain, highlighting the success of recent upgrades aimed at reducing rollup operational costs.

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, cryptocurrency analyst Willy Woo posted on X that if financial institutions continue to support the adoption curve of Bitcoin, its price could eventually reach over $700,000. "Bitcoin, even in the early stages of the asset class, Fidelity suggests an allocation of 1-3%, while we see BlackRock's figure at 85%. If we assume 3% is a reasonable allocation, then the lower bound of its valuation is $700,000."

ChainCatcher message, the overnight index swap rate curve shows that the probability of the Bank of England cutting interest rates on August 1 has risen from 60% on Tuesday to 64%.