Curve scrvUSD
Off-Chain (Private)
Audited on 2024/12/03
No active critical issues
Summary
Curve adopted Yearn's vault to distribute rewards to crvUSD holders that deposit their tokens in the vault. The rewards' origin from fees generated by Curve's stablecoin system. If the vault registers a profit, the profit is paid to the users over time by issuing shares to the vault backed by the profit and burning these shares over time. Curve allows users (and smart contracts like 1inch, Paraswap, Totle and Dex.ag) to trade between DAI and USDC with a bespoke low slippage, low fee algorithm designed specifically for stablecoins and earn fees. Behind the scenes, the liquidity pool is also supplied to the Compound protocol or yearn.finance where it generates even more income for liquidity providers.
Project
Multi-Chain
