Curve DAO has approved a proposal to provide a $60 million crvUSD stablecoin credit line to the new protocol developed by Curve founder Michael Egorov, Yield Basis mainnet, ahead of its launch. Under the plan, three pools of WBTC, cbBTC and tBTC will go live on Ethereum based on Yield Basis's Automated Market Maker (AMM) architecture. Curve Finance said the initial cap for these pools is $10 million.
The initiative aims to expand Curve's ecosystem by embedding its native stablecoin deeper into the DeFi infrastructure. Additionally, it aims to increase the potential fee stream for holders of veCRV tokens, a voting escrow version of Curve Finance's governance token, CRV.
Curve DAO supports $60 million crvUSD credit for new protocols
2025-09-25 10:14:00
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