Borrow rates for crvUSD decrease as demand for farming starts growing fast. It could be that farmers figured out that crvUSD is actually very stable. Stability matters!
Reduced borrow rate, in turn, heats up the demand for borrowing
Tried to draw a comparison between crvUSD, USDC and USDT prices. Pretty tricky when there is no "USD" on-chain, but here's what it shows
Couch time! When MIM switched from AnySwap to LayerZero, etherscan.io/address/ecb.curve.eth got some fees anyMIM. They need to be properly converted, hence the vote
What happens when crypto goes down? That's right, crvUSD borrow rates decrease
Someone deposits +20M liquidity into tricryptoUSDT (new optimized) pool, increasing its liquidity by 50% right away.
You can see this and other cool stuff at t.me/curve_monitor_backup