# What'up on Curve ? #132 By [Cryptouf](https://paragraph.com/@cryptouf) · 2023-05-15 --- If it’s not already the case, remember that you can subscribe to this Newsletter, so you won’t miss it ! Subscribe below 👇 [Subscribe](null) * * * crvUSD ------ UI coming ?? 🥁 [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1658208961550491663) Ready for some arbitrage? ![](https://storage.googleapis.com/papyrus_images/290753b4ff392e2b2d628c39e027712d98ee6e9cf703caed4bef44ea5469c2ca.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 304](https://twitter.com/CurveFinance/status/1658208961550491663)[ 3:33 PM • May 15, 2023 ](https://twitter.com/CurveFinance/status/1658208961550491663) New redeployment !!! [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657698571926265856) crvUSD contracts are about to redeploy. During this deployment, soft liquidation via arbitrage trades were live-tested. To all arbitrage traders - stay tuned for the new addresses [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 225](https://twitter.com/CurveFinance/status/1657698571926265856)[ 5:45 AM • May 14, 2023 ](https://twitter.com/CurveFinance/status/1657698571926265856) It may be the last one !! [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657830031530262528) Likely 0 [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 3](https://twitter.com/CurveFinance/status/1657830031530262528)[ 2:27 PM • May 14, 2023 ](https://twitter.com/CurveFinance/status/1657830031530262528) Calling for arb traders [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657826539797372936) Dear arb traders: if you haven't switched to the new crvUSD deployment - please check it out [github.com/curvefi/curve-…](https://t.co/iqCDvO402B) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 185](https://twitter.com/CurveFinance/status/1657826539797372936)[ 2:13 PM • May 14, 2023 ](https://twitter.com/CurveFinance/status/1657826539797372936) This is looking promising [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657699173171359748) DAO earnings from about 1.5M crvUSD produced by the CDP and from stabilizing crvUSD (especially the latter) were about $2000 for this week. Those were the "test earnings", so they will not be converted to fee distribution, but they tested what is possible in prod [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 124](https://twitter.com/CurveFinance/status/1657699173171359748)[ 5:47 AM • May 14, 2023 ](https://twitter.com/CurveFinance/status/1657699173171359748) Some people already made some calculations [![User Avatar](https://storage.googleapis.com/papyrus_images/cad2f4d6bc1f10030239d54ea19b5b1f10c6474f99cc55646f705d9658f463a1.jpg)](https://twitter.com/adamscochran) [Adam Cochran (adamscochran.eth)](https://twitter.com/adamscochran) [@adamscochran](https://twitter.com/adamscochran) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/adamscochran/status/1657789278108147712) 1/8 I don't think people realize how insane this is... Let's break down the numbers: \-$1.5M of $crvUSD \-Created $2k in fees through stabilization \-Equivalent of 7% annual yield against supply [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657699173171359748) DAO earnings from about 1.5M crvUSD produced by the CDP and from stabilizing crvUSD (especially the latter) were about $2000 for this week. Those were the "test earnings", so they will not be converted to fee distribution, but they tested what is possible in prod [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 481](https://twitter.com/adamscochran/status/1657789278108147712)[ 11:45 AM • May 14, 2023 ](https://twitter.com/adamscochran/status/1657789278108147712) Another one [![User Avatar](https://storage.googleapis.com/papyrus_images/1606aa349c2c6a63f4b16beb0140fff4a1a838a3ae1c4a49e5e7bd3eb69f1e5f.jpg)](https://twitter.com/DeFi_Made_Here) [DMH 🦇🔊🌊](https://twitter.com/DeFi_Made_Here) [@DeFi\_Made\_Here](https://twitter.com/DeFi_Made_Here) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DeFi_Made_Here/status/1657827149825597445) Napkin math: At $1.5B crvUSD MC, annual earnings would be $104M, which converts into ~25% APR for veCRV holders (at 0.8$ per $crv) from stabilizing crvUSD alone. The question is how much time would it take to reach $1.5B MC? [![User Avatar](https://storage.googleapis.com/papyrus_images/c5bbedc41a2372425a6c88ca97c84744756fe903979c18c6f10481df82f35775.jpg)](https://twitter.com/CurveFinance) [Curve Finance](https://twitter.com/CurveFinance) [@CurveFinance](https://twitter.com/CurveFinance) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveFinance/status/1657699173171359748) DAO earnings from about 1.5M crvUSD produced by the CDP and from stabilizing crvUSD (especially the latter) were about $2000 for this week. Those were the "test earnings", so they will not be converted to fee distribution, but they tested what is possible in prod [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 103](https://twitter.com/DeFi_Made_Here/status/1657827149825597445)[ 2:16 PM • May 14, 2023 ](https://twitter.com/DeFi_Made_Here/status/1657827149825597445) Juicy 🤑 [![User Avatar](https://storage.googleapis.com/papyrus_images/969eccd172aaf0b96530ebd922819adcd109e85a07fbe667d9c49f5ae1830a64.jpg)](https://twitter.com/0xCha0s) [0xChaos](https://twitter.com/0xCha0s) [@0xCha0s](https://twitter.com/0xCha0s) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/0xCha0s/status/1657362513447510017) $crvUSD LLAMA mechanism is a new way to hedge in DeFi ![🧠](https://abs-0.twimg.com/emoji/v2/72x72/1f9e0.png) "like replacing impermanent loss with impermanent gain" ... all while farming in a crvUSD containing pool $crv $cvx [![User Avatar](https://storage.googleapis.com/papyrus_images/391acfbec53ef487dd51f55f0522df2a647d7abbf8a70fbf6ce2eaaf5073818a.jpg)](https://twitter.com/CurveCap) [crv.mktcap.eth](https://twitter.com/CurveCap) [@CurveCap](https://twitter.com/CurveCap) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveCap/status/1657350207217229829) Explanation: [t.me/crvtraders/223…](https://t.co/kLqKbmgTn1) ![](https://storage.googleapis.com/papyrus_images/aeeb4faea3379c14ce94087fbe1cc482fa0ef13f2ab3b45001744c1090c4dbab.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 47](https://twitter.com/0xCha0s/status/1657362513447510017)[ 7:29 AM • May 13, 2023 ](https://twitter.com/0xCha0s/status/1657362513447510017) Pools are appearing [![User Avatar](https://storage.googleapis.com/papyrus_images/391acfbec53ef487dd51f55f0522df2a647d7abbf8a70fbf6ce2eaaf5073818a.jpg)](https://twitter.com/CurveCap) [crv.mktcap.eth](https://twitter.com/CurveCap) [@CurveCap](https://twitter.com/CurveCap) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveCap/status/1657035336935960586) $crvUSD ![](https://storage.googleapis.com/papyrus_images/25e29de37b0ff5ad5568a16cbddcf76386060dea7766f719d1bb7aeb4c36eaa9.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 103](https://twitter.com/CurveCap/status/1657035336935960586)[ 9:49 AM • May 12, 2023 ](https://twitter.com/CurveCap/status/1657035336935960586) Market will wake up soon [![User Avatar](https://storage.googleapis.com/papyrus_images/a1bb503428fcd76fffcb7d94b338df4d455f048794082c6de107a1455c27e2dd.jpg)](https://twitter.com/tztokchad) [TrenTok-Chad ⚡️](https://twitter.com/tztokchad) [@tztokchad](https://twitter.com/tztokchad) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/tztokchad/status/1656696018962874373) Llamma / $crvusd: \- No hard liquidations with your position closing as soon as a certain price/health factor/minimum margin is hit \- Your position can still be salvaged even if you did go past liquidation and price bounces back up \- You only lose a relatively small amount ![](https://storage.googleapis.com/papyrus_images/5e1fab03be673e6b1bec9c8ba837389b81fc763751a91e86989fd74ea15ca31e.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 142](https://twitter.com/tztokchad/status/1656696018962874373)[ 11:21 AM • May 11, 2023 ](https://twitter.com/tztokchad/status/1656696018962874373) Votes & Proposals ----------------- Binance entered the Curve Wars [![User Avatar](https://storage.googleapis.com/papyrus_images/bc969ef23b0c737eef4b8700389839142483f9a7b960f5dc5475d0c8113b48bd.png)](https://twitter.com/HaowiWang) [haowi.eth🦙🦙🦙🚀🚀🚀](https://twitter.com/HaowiWang) [@HaowiWang](https://twitter.com/HaowiWang) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/HaowiWang/status/1656651645416247297) 提案已通过，![🪄](https://abs-0.twimg.com/emoji/v2/72x72/1fa84.png)魔法即将发生！ [#Binance](https://twitter.com/hashtag/Binance) & [#Curve](https://twitter.com/hashtag/Curve) ![](https://storage.googleapis.com/papyrus_images/2cbd84053b1e53d99d7d04d8de26fce3eb528525583ec636d3bf4595e4ab193e.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 88](https://twitter.com/HaowiWang/status/1656651645416247297)[ 8:25 AM • May 11, 2023 ](https://twitter.com/HaowiWang/status/1656651645416247297) Curve and $CRV elsewhere ------------------------ Nice APY [![User Avatar](https://storage.googleapis.com/papyrus_images/bcd0bd4790140acb36331499d68b02a4441ca80c43dcc799d8f9bcfdfd4a1420.png)](https://twitter.com/DefiMoon) [DefiMoon 🦇🔊](https://twitter.com/DefiMoon) [@DefiMoon](https://twitter.com/DefiMoon) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/DefiMoon/status/1632052561204084736) Today staked $cvxCRV on Convex offers some of the highest [#realYield](https://twitter.com/hashtag/realYield) in all of [#DeFi](https://twitter.com/hashtag/DeFi) $crvUSD will boost yields even more: At $5b crvUSD (DAI current mcap) paying just 1% minting fee/interest = additional $50m distributed to veCRV per year 1 staked cvxCRV = 1.26 veCRV ![⬅️](https://abs-0.twimg.com/emoji/v2/72x72/2b05.png)![⬅️](https://abs-0.twimg.com/emoji/v2/72x72/2b05.png)![⬅️](https://abs-0.twimg.com/emoji/v2/72x72/2b05.png) ![](https://storage.googleapis.com/papyrus_images/a2071030d865161988f0e1592c9ede7497410831cef05e05ef6e7143f1c36c20.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 100](https://twitter.com/DefiMoon/status/1632052561204084736)[ 10:17 AM • Mar 4, 2023 ](https://twitter.com/DefiMoon/status/1632052561204084736) Also on Gearbox [![User Avatar](https://storage.googleapis.com/papyrus_images/50589741d7b095b644411ef4b566db603c8e84133b84321f9047b135ac788576.jpg)](https://twitter.com/GearboxProtocol) [Gearbox ⚙️🧰 Protocol](https://twitter.com/GearboxProtocol) [@GearboxProtocol](https://twitter.com/GearboxProtocol) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/GearboxProtocol/status/1656486795952148480) Tired of longing your ETH and not being able to do anything with it? Use your leveraged positions across DeFi protocols and earn the APYs mentioned, only with Gearbox's composable leverage. ![⚙️](https://abs-0.twimg.com/emoji/v2/72x72/2699.png)![🧰](https://abs-0.twimg.com/emoji/v2/72x72/1f9f0.png) Sign up today to be a ninja: [gov.gearbox.fi/t/gip-21-lever…](https://t.co/dEmjaKjIf6) ![](https://storage.googleapis.com/papyrus_images/960b664be3e09cdcfb641093cc66ece5921c7df026abd3dcd510c2184c6b57a8.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 34](https://twitter.com/GearboxProtocol/status/1656486795952148480)[ 9:30 PM • May 10, 2023 ](https://twitter.com/GearboxProtocol/status/1656486795952148480) Whaaaaaat ?? [![User Avatar](https://storage.googleapis.com/papyrus_images/e55a88f0422443374757f5951a522eeba5d6a89659a96fc254406e88a99ad782.jpg)](https://twitter.com/0xAlunara) [Alunara](https://twitter.com/0xAlunara) [@0xAlunara](https://twitter.com/0xAlunara) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/0xAlunara/status/1656297753104769025) wait what ![](https://storage.googleapis.com/papyrus_images/7ff770a3e4652c821027f1406612fae8cca9641229f80316e4ccaf47258d0d7d.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 83](https://twitter.com/0xAlunara/status/1656297753104769025)[ 8:58 AM • May 10, 2023 ](https://twitter.com/0xAlunara/status/1656297753104769025) From the community ------------------ Pump it ! [![User Avatar](https://storage.googleapis.com/papyrus_images/391acfbec53ef487dd51f55f0522df2a647d7abbf8a70fbf6ce2eaaf5073818a.jpg)](https://twitter.com/CurveCap) [crv.mktcap.eth](https://twitter.com/CurveCap) [@CurveCap](https://twitter.com/CurveCap) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveCap/status/1657117607294816256) DUMP IT $CRV![📉](https://abs-0.twimg.com/emoji/v2/72x72/1f4c9.png)![💥](https://abs-0.twimg.com/emoji/v2/72x72/1f4a5.png)![0️⃣](https://abs-0.twimg.com/emoji/v2/72x72/30-20e3.png) [t.me/curvefi/551051](https://t.co/wHkYlZXYzA) ![](https://storage.googleapis.com/papyrus_images/173533cf53979a3e8337131cebbdadd4cd8fc5b8e2a0a9379ff128d550352bc9.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 45](https://twitter.com/CurveCap/status/1657117607294816256)[ 3:16 PM • May 12, 2023 ](https://twitter.com/CurveCap/status/1657117607294816256) Nice summary if you need to catch up on everything that happened with the  crvUSD [![User Avatar](https://storage.googleapis.com/papyrus_images/391acfbec53ef487dd51f55f0522df2a647d7abbf8a70fbf6ce2eaaf5073818a.jpg)](https://twitter.com/CurveCap) [crv.mktcap.eth](https://twitter.com/CurveCap) [@CurveCap](https://twitter.com/CurveCap) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/CurveCap/status/1658141583773151238) May 15, 2023: Back of the Envelope ![✉️](https://abs-0.twimg.com/emoji/v2/72x72/2709.png)![🧮](https://abs-0.twimg.com/emoji/v2/72x72/1f9ee.png) Early returns from first three $crvUSD deployments We’ve been reassured by midwits and leftwits that four deployments are evidence of a grievous error and reasons to dump. So why is the right side of the bell curve jubilant? ![🧵](https://abs-0.twimg.com/emoji/v2/72x72/1f9f5.png)1/8![👇](https://abs-0.twimg.com/emoji/v2/72x72/1f447.png) ![](https://storage.googleapis.com/papyrus_images/7f01aff48cf3d42c20d6263f4bd8bcb903e7c687dfd941a6f9317b1e741fba22.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 18](https://twitter.com/CurveCap/status/1658141583773151238)[ 11:05 AM • May 15, 2023 ](https://twitter.com/CurveCap/status/1658141583773151238) Curve war [![User Avatar](https://storage.googleapis.com/papyrus_images/e36cc9475c49cc296c0b118a2234eec723e7a2636a76c561d5bf70577209891f.jpg)](https://twitter.com/TinkeringSoc) [The Tinkering Society](https://twitter.com/TinkeringSoc) [@TinkeringSoc](https://twitter.com/TinkeringSoc) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/TinkeringSoc/status/1656766257410998273) Curve Wars analysis ![⚙️](https://abs-0.twimg.com/emoji/v2/72x72/2699.png)![👇](https://abs-0.twimg.com/emoji/v2/72x72/1f447.png) As [@yearnfi](https://twitter.com/yearnfi) enters a new era with yCRV, is [@ConvexFinance](https://twitter.com/ConvexFinance) likely to be affected? This battle continues to capture more [@CurveFinance](https://twitter.com/CurveFinance) $CRV Read analysis: [tinkeringsociety.xyz/post/vl-ycrv-i…](https://t.co/CDT4Aao8BK) ![](https://storage.googleapis.com/papyrus_images/b95eca8fcfde9e8635b1c5b68495de26e706666747fdf698228c26d7a22ea47f.png) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 6](https://twitter.com/TinkeringSoc/status/1656766257410998273)[ 4:00 PM • May 11, 2023 ](https://twitter.com/TinkeringSoc/status/1656766257410998273) * * * [Subscribe](null) --- *Originally published on [Cryptouf](https://paragraph.com/@cryptouf/what-up-on-curve-132)*