> ## Content Index
> Fetch the complete content index at: https://news.curve.finance/llms.txt
> Use this file to discover other available public pages before exploring further.

# Ahead of the Curve - August '24
- URL: https://news.curve.finance/ahead-of-the-curve-august-24-2/
- Published: 2024-08-05T12:55:59.000Z
- Updated: 2025-05-15T06:31:43.000Z
- Author: Curve

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image.png)

After a short \[two year\] hiatus, the [official Curve news site](https://news.curve.finance/) is back! In this issue we recap all of July 2024's major Curve updates! Already feels like ancient history with August looking to be... interesting.

## crvUSD

July became an historic month for $crvUSD, marking the first month Curve fully used $crvUSD as the veCRV reward token instead of 3CRV.

[![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-2.png)](https://x.com/DefiMoon/status/1811933923221344734/photo/1)

[Following a successful governance vote](https://crvhub.com/governance/ownership/812), the [$crvUSD feeless FlashLender contract](https://etherscan.io/address/0xa7a4bb50af91f90b6feb3388e7f8286af45b299b#tokentxns) is now live. 

> crvusd feeless flashloan liquidity source on ethereum: <https://t.co/DWgKyi8KZt>  
>  
> please enjoy and keep our liquidity pools healthy!
> 
> — fiddy (@fiddyresearch) [August 1, 2024](https://twitter.com/fiddyresearch/status/1818952451216589173?ref%5Fsrc=twsrc%5Etfw)

Users may now take out flash loans for $crvUSD. More information on the process is available [in the documentation](https://docs.curve.finance/crvUSD/flashlender/).

The [Llama Risk](https://www.llamarisk.com/) team has released several useful resources related to $crvUSD, including a [chain-agnostic agent-based simulation market in collaboration with Xenophon Labs](https://x.com/LlamaRisk/status/1818441194848108633) and a [regulatory brief on Peg Keeper coins](https://x.com/LlamaRisk/status/1813724675463421970) based on a [Bank of International Settlements document](https://www.bis.org/fsi/publ/insights57.pdf) reviewing global stablecoin policies.

> As part of our engagement with [@defidotmoney](https://twitter.com/defidotmoney?ref%5Fsrc=twsrc%5Etfw) we are building on work by [@XenophonLabs](https://twitter.com/XenophonLabs?ref%5Fsrc=twsrc%5Etfw) to develop a chain-agnostic ABS model for [$crvUSD](https://twitter.com/search?q=%24crvUSD&src=ctag&ref%5Fsrc=twsrc%5Etfw).  
>  
> This tool will improve risk optimization for [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) crvUSD, LlamaLend, and our friendly fork frens! <https://t.co/owHTodhFDR> [pic.twitter.com/mBeqo63lVF](https://t.co/mBeqo63lVF)
> 
> — LlamaRisk (@LlamaRisk) [July 31, 2024](https://twitter.com/LlamaRisk/status/1818441194848108633?ref%5Fsrc=twsrc%5Etfw)

> We've published a regulatory brief on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) PegKeeper stablecoins based on an overview of stablecoins policy implementations from the Bank of International Settlements.  
>  
> The brief here and summary below:<https://t.co/nYVPriN9ye>  
>  
> 1/7 [pic.twitter.com/HJxyUt3oXC](https://t.co/HJxyUt3oXC)
> 
> — LlamaRisk (@LlamaRisk) [July 17, 2024](https://twitter.com/LlamaRisk/status/1813724675463421970?ref%5Fsrc=twsrc%5Etfw)

Despite a volatile month in the markets, the LLAMMA liquidations protections appear strong, [per the Chaos Labs risk dashboard](https://community.chaoslabs.xyz/crv-usd/risk/liquidations): 

> Does LLAMMA protect from liquidations? Here are the stats from Chaos Labs for <https://t.co/EjL8SImCsN>. Not too many liquidations recently, it appears (soft-liquidation was working well)<https://t.co/pmuVRlSGRc> [pic.twitter.com/3CQCxcEj9p](https://t.co/3CQCxcEj9p)
> 
> — Curve Finance (@CurveFinance) [July 5, 2024](https://twitter.com/CurveFinance/status/1809149654786810320?ref%5Fsrc=twsrc%5Etfw)

## Llama Lend

> Search and sorting is now available in [@llamalend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/SCoIBJghTK](https://t.co/SCoIBJghTK)
> 
> — Curve Finance (@CurveFinance) [August 2, 2024](https://twitter.com/CurveFinance/status/1819286412925018129?ref%5Fsrc=twsrc%5Etfw)

Sorting has arrived on [Llama Lend](https://curve.finance/lend/ethereum/markets). More than just sorting, the major UI update also compacts the interface to better show off all the active markets.

[![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-1.png)](https://lend.curve.fi/#/ethereum/markets)

Ethereum Llama Lend Markets as of July 2024

This condensed display is useful, as so many interesting markets have been deployed on Llama Lend. One such notable market involves the very first market using a Curve LP tokens, this time in the form of a Usual Money pool that earns points instead of $CRV.

> The era of borrowing against [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) LP Positions on Llama Lend is arriving, starting with [@usualmoney](https://twitter.com/usualmoney?ref%5Fsrc=twsrc%5Etfw)'s $USD0/$USD0++ (earns pills, not [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw))  
>  
> h/t [@StormlightTower](https://twitter.com/StormlightTower?ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/q0paLyFR2p](https://t.co/q0paLyFR2p)
> 
> — Curve Llama Lend (@llamalend) [July 30, 2024](https://twitter.com/llamalend/status/1818345361121198342?ref%5Fsrc=twsrc%5Etfw)

A variety of yield-bearing stablecoin pools have also been added, notably offering up to **53x** leveraged trading.

> 💥 BA-BOOM! 💥 sDOLA just landed on Llamalend from [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw)! 🚀 Now borrow [$crvUSD](https://twitter.com/search?q=%24crvUSD&src=ctag&ref%5Fsrc=twsrc%5Etfw) against sDOLA, the 100% organic yield bearing stablecoin from Inverse, with up to 50x leverage!! 👀 [pic.twitter.com/tofhkDfrIq](https://t.co/tofhkDfrIq)
> 
> — Inverse (@InverseFinance) [July 17, 2024](https://twitter.com/InverseFinance/status/1813629032719581522?ref%5Fsrc=twsrc%5Etfw)

Which is not to neglect the several launches on Arbitrum

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-6.png)

Including $asdCRV!

> 4.8x levered [$asdCRV](https://twitter.com/search?q=%24asdCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/d3kPs8rYId](https://t.co/d3kPs8rYId)
> 
> — Curve Llama Lend (@llamalend) [July 9, 2024](https://twitter.com/llamalend/status/1810822541034017013?ref%5Fsrc=twsrc%5Etfw)

To learn more about how to interact with Llama Lend programmatically to launch markets and perform liquidations, refer to the [Curve Titanoboa Llama Lend tutorial](https://www.youtube.com/playlist?list=PLVOHzVzbg7bFq3aKvq4sBMIIKApC-Fsh5)

> 🐍 Curve [@LlamaLend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw) Titanoboa Tutorial 🐍  
> Lesson 4: Blueprint  
>  
> Our final prerequisite lesson before liqs/arb trading, we create a test loan and seed a healthy liquidity pool for liquidations.  
>  
> Key boa concepts include re-using implementation ABIs and the prank function  
>  
> 🧵1/5👇 [pic.twitter.com/d0lU9ts83v](https://t.co/d0lU9ts83v)
> 
> — crv.mktcap.eth (@CurveCap) [July 16, 2024](https://twitter.com/CurveCap/status/1813186653030392174?ref%5Fsrc=twsrc%5Etfw)

## DEX

Despite the hefty attention on $crvUSD, Curve's DEX continues to thrive:

[![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-3.png)](https://curve.fi/#/ethereum/pools)

Curve top TVL DEX markets on Ethereum

The DEX landscape continues to evolve with crypto trends. Nowadays, pools are less likely to be incentivized with $CRV emissions, and more frequently by native trading yields or points. 

The points narrative has been strong enough to work its way into the Curve UI. Observe some notable recent pools promoting points:

> In the 30 minutes since deUSD was announced, its USDC pair is already the most liquid single stable pair on Curve, with total deUSD liquidity north of $100mm [pic.twitter.com/CuGeRADsMb](https://t.co/CuGeRADsMb)
> 
> — Cole (@cole0x) [July 31, 2024](https://twitter.com/cole0x/status/1818665861550403795?ref%5Fsrc=twsrc%5Etfw)

> Pills or real yield: what wins? [@usualmoney](https://twitter.com/usualmoney?ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/DumdSQfq7U](https://t.co/DumdSQfq7U)
> 
> — Curve Finance (@CurveFinance) [July 17, 2024](https://twitter.com/CurveFinance/status/1813669409262911858?ref%5Fsrc=twsrc%5Etfw)

> Boosted weETHk/weETH and weETHs/weETH pools on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw), both pool have a 4x <https://t.co/gbHcksxzp2> points boost for a limited time! [pic.twitter.com/trWod1AjBE](https://t.co/trWod1AjBE)
> 
> — ether.fi (@ether\_fi) [July 28, 2024](https://twitter.com/ether%5Ffi/status/1817665953510900044?ref%5Fsrc=twsrc%5Etfw)

> ezpz ETH might be my favorite LRT farm at the moment, as it gives efficient exposure to EigenLayer + Symbiotic + Renzo + Mellow  
>  
> ezETH = Renzo's EigenLayer LRT  
> pzETH = Renzo's Symbiotic LRT  
>  
> No wasted ETH like in most LRT DEX pairs [pic.twitter.com/scvCgtBO0o](https://t.co/scvCgtBO0o)
> 
> — The Teriyaki Don (@TheTeriyakiDon) [July 15, 2024](https://twitter.com/TheTeriyakiDon/status/1812688266031947987?ref%5Fsrc=twsrc%5Etfw)

> The [#LRT](https://twitter.com/hashtag/LRT?src=hash&ref%5Fsrc=twsrc%5Etfw) points are erupting on Eigenpie’s Liquidity Rush #2 Campaign!🌋[$mswETH](https://twitter.com/search?q=%24mswETH&src=ctag&ref%5Fsrc=twsrc%5Etfw) / [$rswETH](https://twitter.com/search?q=%24rswETH&src=ctag&ref%5Fsrc=twsrc%5Etfw) liquidity providers of [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw)’s pool on [@ethereum](https://twitter.com/ethereum?ref%5Fsrc=twsrc%5Etfw) are in for a treat:  
>  
> 🚀 4x [@Eigenpiexyz\_io](https://twitter.com/Eigenpiexyz%5Fio?ref%5Fsrc=twsrc%5Etfw) Points  
> 🤝 2x Group Boost  
> 🦪 Boosted [@SwellNetworkio](https://twitter.com/swellnetworkio?ref%5Fsrc=twsrc%5Etfw) Pearls  
>  
> Provide liquidity now and… [pic.twitter.com/aTNcESxkTQ](https://t.co/aTNcESxkTQ)
> 
> — Eigenpie (@Eigenpiexyz\_io) [July 29, 2024](https://twitter.com/Eigenpiexyz%5Fio/status/1817834706970267733?ref%5Fsrc=twsrc%5Etfw)

> 1/ 🎉 Our first liquidity pool is here! 🎉  
>  
> Discover our [$ynETH](https://twitter.com/search?q=%24ynETH&src=ctag&ref%5Fsrc=twsrc%5Etfw) LP on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) with [@LidoFinance](https://twitter.com/LidoFinance?ref%5Fsrc=twsrc%5Etfw)’s wstETH.  
>  
> 👉 <https://t.co/yzLSvGBTeY>  
>  
> Join & receive a HUGE 5x Seed boost, attractive [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) APY, and much more.  
>  
> This marks a new chapter for YieldNest. Why?  
> Read on. [pic.twitter.com/I0UPn97DwG](https://t.co/I0UPn97DwG)
> 
> — YieldNest (@YieldNestFi) [July 30, 2024](https://twitter.com/YieldNestFi/status/1818284902061953283?ref%5Fsrc=twsrc%5Etfw)

NG pools boast major advances in technology, which have [underpinned several recent trends](https://x.com/CurveCap/status/1817932754392412441) including pool efficiency leading to elevated native APYs. Here is a look under the hood at some of the power of NG pools for redemption rates:

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-4.png)

## Other News

A major story for the month of July is the flurry of locking.

> Amount of CRV locked over last week is 3 times larger than CRV emissions (that's before the reduction mid-August) \[credit to [@0xcrv\_hub](https://twitter.com/0xcrv%5Fhub?ref%5Fsrc=twsrc%5Etfw)\] [pic.twitter.com/CDRZJLQe55](https://t.co/CDRZJLQe55)
> 
> — Curve Finance (@CurveFinance) [August 1, 2024](https://twitter.com/CurveFinance/status/1818917990919725431?ref%5Fsrc=twsrc%5Etfw)

The locking frenzy was [covered in an article by OurNetwork](https://www.ournetwork.xyz/p/on-256-defi-yields#stake-dao) that reviews updates of major lockers Convex and Stake DAO

[ON-256: DeFi Yields 🔼Coverage on Convex, Stake DAO, Tranchess, Pendle and Aura![](https://www.ournetwork.xyz/apple-icon.png?b4f7a19b672be71a)OurNetwork![](https://ournetwork.ghost.io/content/images/2024/07/Group-720-4.png)](https://www.ournetwork.xyz/p/on-256-defi-yields#stake-dao)

Lock rates are not the only "up only" chart around Curve lately. Raw transactions are looking good...

> Interesting! [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/XW1KTSXSSa](https://t.co/XW1KTSXSSa)
> 
> — Philipp (@phil\_00Llama) [July 8, 2024](https://twitter.com/phil%5F00Llama/status/1810265207135928588?ref%5Fsrc=twsrc%5Etfw)

The most exciting hockey stick line is surely the Curve Github repository

> <https://t.co/d9X6J7bMdS>  
>  
> Purple Line are developer commits - curve devs are cooking 👏[$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) [#DeFi](https://twitter.com/hashtag/DeFi?src=hash&ref%5Fsrc=twsrc%5Etfw) [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref%5Fsrc=twsrc%5Etfw)
> 
> — Curve Rider 🦇🔊 (@curvellama) [July 31, 2024](https://twitter.com/curvellama/status/1818637007746138208?ref%5Fsrc=twsrc%5Etfw)

[![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/08/image-5.png)](https://defillama.com/protocol/curve-finance?devCommits=true&groupBy=monthly&tvl=false)

The [Curve Github repo](https://github.com/curvefi) is always best place to catch all the latest updates on Curve. One fun recent update is a means to open fee collection to the public.

> [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) latest update allows anyone to participate in veDAO fees(a.k.a. admin fees) collection 🥷🏼 Due to many updates and new projects 🧮 it is hard 🔀 for the team to follow all revenue sources 🌊 leading to some cushions 💼 accumulated.  
>  
> Join collection and earn a tip! 💸
> 
> — Roman Agureev (@agureevroman) [July 8, 2024](https://twitter.com/agureevroman/status/1810433085177209103?ref%5Fsrc=twsrc%5Etfw)

Another major dev update is Curve's deployment to Mantle, the 16th officially supported chain:

> Not many noticed, but Curve silently deployed on [@0xMantle](https://twitter.com/0xMantle?ref%5Fsrc=twsrc%5Etfw) [pic.twitter.com/j05j9Fy3J5](https://t.co/j05j9Fy3J5)
> 
> — Curve Finance (@CurveFinance) [July 19, 2024](https://twitter.com/CurveFinance/status/1814281991967121423?ref%5Fsrc=twsrc%5Etfw)

Adjacent to Curve, the community led development of [CRVHub](https://crvhub.com/) has added a great new resource for Curve, which now adds onchain commenting on proposals.

> Introducing our governance system🔥  
>  
> You can comment on each proposal !  
> Completely on-chain without gas fees; just a message signature, thanks to account abstraction  
>  
> Rate limits:  
> • 10 messages/user/day  
> • 200 messages/day globally  
>  
> Enjoy it 👉 <https://t.co/ijtRxbFO7t> <https://t.co/DTOwuYE5xV>
> 
> — CRVHub (@0xcrv\_hub) [August 1, 2024](https://twitter.com/0xcrv%5Fhub/status/1819070598242603084?ref%5Fsrc=twsrc%5Etfw)

## Talks

The Curve team mostly talks through code, but occasionally turns to words.

Martin Krung spoke at ETH CC

> Great talk from [@martinkrung](https://twitter.com/martinkrung?ref%5Fsrc=twsrc%5Etfw) at [@EthCC](https://twitter.com/EthCC?ref%5Fsrc=twsrc%5Etfw):   
> "How soft-liquidation works in Curve lending"<https://t.co/yuUXjpGBEi>
> 
> — crv.mktcap.eth (@CurveCap) [July 29, 2024](https://twitter.com/CurveCap/status/1817960890504987111?ref%5Fsrc=twsrc%5Etfw)

And Curve Founder Michael Egorov has been particularly busy, doing a fireside chat at Stable Summit.

> Video with [@DeFiDave22](https://twitter.com/DeFiDave22?ref%5Fsrc=twsrc%5Etfw) interviewing me at Stable Summit<https://t.co/pUpLaybLT1>
> 
> — Michael Egorov (@newmichwill) [July 8, 2024](https://twitter.com/newmichwill/status/1810245312843255879?ref%5Fsrc=twsrc%5Etfw)

To celebrate $CRV being listed on HashKey, he also participated in a great space on 𝕏

> 🎙️HashKey Global [#AMA](https://twitter.com/hashtag/AMA?src=hash&ref%5Fsrc=twsrc%5Etfw): Exploring Stablecoin Innovations & [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) Roadmap  
>  
> Join us with  
> 🌟 [@newmichwill](https://twitter.com/newmichwill?ref%5Fsrc=twsrc%5Etfw), Founder of [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw)  
> 🌟 [@thisisRita\_Liu](https://twitter.com/thisisRita%5FLiu?ref%5Fsrc=twsrc%5Etfw), CEO of [@RD\_Technologies](https://twitter.com/RD%5FTechnologies?ref%5Fsrc=twsrc%5Etfw)  
> 🌟 [@ben\_el\_baz](https://twitter.com/ben%5Fel%5Fbaz?ref%5Fsrc=twsrc%5Etfw), MD of [@HashKey\_Global](https://twitter.com/HashKey%5FGlobal?ref%5Fsrc=twsrc%5Etfw)  
>  
> ⏰ Time: 9:00 UTC, July 30  
>  
> 📍 Space: <https://t.co/PQ31qaWakY> [pic.twitter.com/yqd7NCcAtD](https://t.co/yqd7NCcAtD)
> 
> — HashKey Global (@HashKey\_Global) [July 29, 2024](https://twitter.com/HashKey%5FGlobal/status/1817836093552947490?ref%5Fsrc=twsrc%5Etfw)

Until his next time talking, you can get his hottest takes directly on Telegram

> I will be writing some takes in English and Russian languages in these telegram channels:<https://t.co/P2RsKepmfc> and <https://t.co/0lKoIshsdI>
> 
> — Michael Egorov (@newmichwill) [July 31, 2024](https://twitter.com/newmichwill/status/1818773977424380067?ref%5Fsrc=twsrc%5Etfw)

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