> ## 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 - October '24
- URL: https://news.curve.finance/ahead-of-the-curve-october-24/
- Published: 2024-10-01T09:42:22.000Z
- Updated: 2024-10-01T09:42:22.000Z
- Author: Curve

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/10/image-5.png)

Another month of Curve in the books, featuring some impressive development updates.

> 👋<https://t.co/D1JKSgeJnn>
> 
> — The LLamas (@WenLlama) [September 23, 2024](https://twitter.com/WenLlama/status/1838305210571117008?ref%5Fsrc=twsrc%5Etfw)

> Nothing to see here <https://t.co/G1APPjpbF5>
> 
> — Panda (@chonkypandu) [September 22, 2024](https://twitter.com/chonkypandu/status/1837822769247007160?ref%5Fsrc=twsrc%5Etfw)

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/10/image.png)

The [Curve Fee Splitter](https://github.com/curvefi/fee-splitter), necessary for [st-crvUSD](https://github.com/curvefi/stcrvusd/), is headed for a DAO vote, meaning it could be live as early as October.

> A vote to get fee splitter connected to the fee distribution process. It's a necessary dependency for staked crvUSD and (later) other interesting products an improvements!<https://t.co/Xrh87Tk6Dt>
> 
> — Curve Finance (@CurveFinance) [September 30, 2024](https://twitter.com/CurveFinance/status/1840762741591515322?ref%5Fsrc=twsrc%5Etfw)

The launch of $st-crvUSD will bring a native savings rate to Curve by redirecting some $crvUSD yield to stakers. This is intended as a liquidity sink to help $crvUSD stabilize rates and scale efficiently.

The dev team has been cracking, as this month also featured the publication of Curve Core, which would bring permissionless Curve deployment to any EVM chain, .

[GitHub - curvefi/curve-core: Deploy a standardised set of smart contracts powering Curve.fi with a simple CLI command.Deploy a standardised set of smart contracts powering Curve.fi with a simple CLI command. - curvefi/curve-core![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/icon/pinned-octocat-093da3e6fa40.svg)GitHubcurvefi![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/thumbnail/curve-core)](https://github.com/curvefi/curve-core)

## Lending

As BTC-Fi becomes a major narrative and other platforms grow trepidatious about governance changes to WBTC, Curve has flexed the safety of Llama Lend's isolated markets to allow the protocol to roll out the red carpet to several Bitcoin wrappers.

> If you are a user with WBTC collateral, please be aware that you are WELCOME at <https://t.co/EjL8SImCsN> and <https://t.co/j2zYaC6v18> <https://t.co/DYjmElHxyu>
> 
> — Curve Finance (@CurveFinance) [September 12, 2024](https://twitter.com/CurveFinance/status/1834364493968584759?ref%5Fsrc=twsrc%5Etfw)

> cbBTC is up on Curve along with 90 BTC liquidity<https://t.co/DEzzvd8SnL> <https://t.co/METm5keJYo> [pic.twitter.com/Rm4AnR1CoB](https://t.co/Rm4AnR1CoB)
> 
> — Curve Finance (@CurveFinance) [September 12, 2024](https://twitter.com/CurveFinance/status/1834328517015957740?ref%5Fsrc=twsrc%5Etfw)

> Apparently [@TheTNetwork](https://twitter.com/TheTNetwork?ref%5Fsrc=twsrc%5Etfw) allows to deposit BTC natively on [@arbitrum](https://twitter.com/arbitrum?ref%5Fsrc=twsrc%5Etfw) using this little-known link <https://t.co/OTSZ2XtqSn>.  
>  
> Unsurprisingly, tBTC pool quickly become the top first pool on Arbi by trading volume. [pic.twitter.com/ukpkdv7ncB](https://t.co/ukpkdv7ncB)
> 
> — Curve Finance (@CurveFinance) [September 12, 2024](https://twitter.com/CurveFinance/status/1834220256690081864?ref%5Fsrc=twsrc%5Etfw)

Llama Lend is for more than just Bitcoin of course. The [SOFA.org](https://x.com/sofaorgdao) non-profit DAO boasted of a launch onto the lending protocol.

> [$RCH](https://twitter.com/search?q=%24RCH&src=ctag&ref%5Fsrc=twsrc%5Etfw) is now live on Curve Lend! 🌟  
>  
> We’re expanding [$RCH](https://twitter.com/search?q=%24RCH&src=ctag&ref%5Fsrc=twsrc%5Etfw) utility by integrating with [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) Lending Protocol, allowing [$RCH](https://twitter.com/search?q=%24RCH&src=ctag&ref%5Fsrc=twsrc%5Etfw) to be used as collateral to borrow crvUSD.   
>  
> This step aligns with our mission to enhance DeFi infrastructure and create long-term value for our… [pic.twitter.com/dgLgSRKdOe](https://t.co/dgLgSRKdOe)
> 
> — SOFA.org (@SOFAorgDAO) [September 13, 2024](https://twitter.com/SOFAorgDAO/status/1834482032363082136?ref%5Fsrc=twsrc%5Etfw)

In total 49 separate markets have already been created, and Llama Lend now sits on four chains following this month's deployment to Optimism and Fraxtal.

> Llama Lend on the Superchain?<https://t.co/gx5uea2yF8>
> 
> — Curve Llama Lend (@llamalend) [September 23, 2024](https://twitter.com/llamalend/status/1838310166418329745?ref%5Fsrc=twsrc%5Etfw)

The soft liquidation mechanism continues to rack up successful use cases of protecting user assets.

> Is soft liquidation (or should we say liquidation protection) efficient?  
>  
> This position in asdCRV market on Arbitrum was created 36 hours ago and immediately went under liquidation price. Over these 36 hours "in liquidation" during this "Megalodon Whale Dump" it lost only 0.1%. [pic.twitter.com/LHMtSRyVER](https://t.co/LHMtSRyVER)
> 
> — Curve Finance (@CurveFinance) [September 6, 2024](https://twitter.com/CurveFinance/status/1832181620268241347?ref%5Fsrc=twsrc%5Etfw)

With so many markets on so many chains, there's increasing opportunity to learn how to perform liquidations.

> Want to help [@llamalend](https://twitter.com/llamalend?ref%5Fsrc=twsrc%5Etfw) from [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) eliminate bad debt and make a few profits? 🫡  
>  
> I've just shared an example of a liquidation bot that you can use as inspiration. 🤖  
>  
> Available here: <https://t.co/bl5lnHXp6D>
> 
> — xtycoon (@xtycoonfi) [September 4, 2024](https://twitter.com/xtycoonfi/status/1831247028459917616?ref%5Fsrc=twsrc%5Etfw)

The Titanoboa Llama Lend liquidation tutorial contains many examples of [how to perform a variety of liquidations](https://github.com/curvefi/boa-tutorial). 

[GitHub - curvefi/boa-tutorialContribute to curvefi/boa-tutorial development by creating an account on GitHub.![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/icon/pinned-octocat-093da3e6fa40-4.svg)GitHubcurvefi![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/thumbnail/boa-tutorial-1)](https://github.com/curvefi/boa-tutorial)

The past month even saw the first usage of the crvUSD Flashlender, which can also be utilized for liquidations.

> Someone finally did a crvUSD flashloan (feeless, capped at 1M)<https://t.co/3mIpgn4KPn>  
>  
> wew!
> 
> — fiddy (@fiddyresearch) [September 8, 2024](https://twitter.com/fiddyresearch/status/1832630921771806828?ref%5Fsrc=twsrc%5Etfw)

As a reminder, in addition to the official Curve UI, the team at DeFi Saver also provide a great interface to $crvUSD and Llama Lend.

> 💡ICYMI: We have both CurveUSD and LlamaLend supported (across mainnet and Arbitrum).  
>  
> This includes dedicated dashboards with our signature features, such as 1-tx leverage management, Loan Shifter support, and even some Automation options (though those are currently specific to… <https://t.co/xdw1LwhmRe>
> 
> — DeFi Saver (@DeFiSaver) [September 5, 2024](https://twitter.com/DeFiSaver/status/1831652104462610908?ref%5Fsrc=twsrc%5Etfw)

Continued adoption of $crvUSD throughout DeFi serves to boost the available sinks for the stablecoin. Inverse Finance this past month has been collaborating with Curve on crvUSD-DOLA LP tokens on FiRM 

> 👉Big news: the debut of our latest LP collateral token on FiRM - crvUSD-DOLA on [@yearnfi](https://twitter.com/yearnfi?ref%5Fsrc=twsrc%5Etfw) \- is here! [pic.twitter.com/TkCxujBayS](https://t.co/TkCxujBayS)
> 
> — Inverse (@InverseFinance) [September 24, 2024](https://twitter.com/InverseFinance/status/1838573787689742604?ref%5Fsrc=twsrc%5Etfw)

> Ka-boom!🔥 … in one of our most significant collateral additions yet, we’re proud to announce the debut of crvUSD-DOLA LP tokens on FiRM in close collaboration with [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) and [@ConvexFinance](https://twitter.com/ConvexFinance?ref%5Fsrc=twsrc%5Etfw) ! 🤝 [pic.twitter.com/2F1YX3e8Ok](https://t.co/2F1YX3e8Ok)
> 
> — Inverse (@InverseFinance) [September 16, 2024](https://twitter.com/InverseFinance/status/1835687970298339658?ref%5Fsrc=twsrc%5Etfw)

Meanwhile the $crvUSD - $MONEY pool has been enticing users on Arbitrum via points program. $MONEY is a stablecoin from defi.money, a team that operates an authorized fork of the crvUSD LLAMMA and directs a portion of revenues to the DAO.

> And [$crvUSD](https://twitter.com/search?q=%24crvUSD&src=ctag&ref%5Fsrc=twsrc%5Etfw) / [$MONEY](https://twitter.com/search?q=%24MONEY&src=ctag&ref%5Fsrc=twsrc%5Etfw) pool seems to be giving most points! <https://t.co/SRUxOJ9F77>
> 
> — Curve Finance (@CurveFinance) [September 11, 2024](https://twitter.com/CurveFinance/status/1833865769202876417?ref%5Fsrc=twsrc%5Etfw)

> 1/ [@yearnfi](https://twitter.com/yearnfi?ref%5Fsrc=twsrc%5Etfw) 𝕧𝕖ℂℝ𝕍 𝔹𝕆𝕆𝕊𝕋 𝕊𝔼ℚ𝕌𝔼ℕℂ𝔼 𝕀ℕ𝕀𝕋𝕀𝔸𝕋𝔼𝔻...  
>  
> \> Earning more points activated…  
> \> Powering Up defi money Systems...  
> \> Connecting to Curve pools... OK  
> \> Verifying Liquidity Pools… Stable  
>  
> 𝕊𝕐𝕊𝕋𝔼𝕄 𝕊𝕋𝔸𝕋𝕌𝕊: 𝕆ℙ𝔼ℝ𝔸𝕋𝕀𝕆ℕ𝔸𝕃… [pic.twitter.com/cbR3tN6E6o](https://t.co/cbR3tN6E6o)
> 
> — defi.money (@defidotmoney) [September 18, 2024](https://twitter.com/defidotmoney/status/1836389983307116891?ref%5Fsrc=twsrc%5Etfw)

## Pools

The phenomenon of high APY pools, delivered by stableswap-v2's dynamic fee structure, continues to turn heads. Such as this $weETH / $WETH pool: 

> The [$weETH](https://twitter.com/search?q=%24weETH&src=ctag&ref%5Fsrc=twsrc%5Etfw) / [$WETH](https://twitter.com/search?q=%24WETH&src=ctag&ref%5Fsrc=twsrc%5Etfw) pool on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) is printing money! 🔥💵💸 [pic.twitter.com/9MEKSVgN7O](https://t.co/9MEKSVgN7O)
> 
> — CRVHub (@0xcrv\_hub) [September 20, 2024](https://twitter.com/0xcrv%5Fhub/status/1837135252772507983?ref%5Fsrc=twsrc%5Etfw)

> Something about capital efficiency. Somehow this weETH/ETH pool on Curve is doing the same volume as Uniswap's pool for weETH, despite 5 times smaller TVL.  
>  
> And no, the fee doesn't explain that [pic.twitter.com/Tcpa3CK3kk](https://t.co/Tcpa3CK3kk)
> 
> — Curve Finance (@CurveFinance) [September 12, 2024](https://twitter.com/CurveFinance/status/1834259311301697600?ref%5Fsrc=twsrc%5Etfw)

And USD3 pools earning 20%:

> genuinely wondering why USD3 pools on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) do not get more deposits.  
>  
> Base yield of 20% with no incentives is wild! [pic.twitter.com/cZn9WgmghT](https://t.co/cZn9WgmghT)
> 
> — Thomas Mattimore (tmattimore.eth) (@mattimost) [September 27, 2024](https://twitter.com/mattimost/status/1839743411936735268?ref%5Fsrc=twsrc%5Etfw)

Perhaps this effect is in protocols minds as they launched several new pools this month.

> DYAD belongs on Curve.  
>  
> DYAD Frax NG factory pool interesting <https://t.co/y3YsoPSQkF>
> 
> — sovereign Llama (@sovereignllama) [September 5, 2024](https://twitter.com/sovereignllama/status/1831545990782054684?ref%5Fsrc=twsrc%5Etfw)

> hETH reached $3M volume in our [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) Pool!   
>  
> Anonymity Staking is shaping the privacy ecosystem - and our stakers are the main drivers of it!   
>  
> Deposit your hETH in the Curve Pool to enjoy extra yield: <https://t.co/Fy8e35DrD4> [pic.twitter.com/xSEi3ZrKAE](https://t.co/xSEi3ZrKAE)
> 
> — Hinkal (@hinkal\_protocol) [September 25, 2024](https://twitter.com/hinkal%5Fprotocol/status/1838889404946936049?ref%5Fsrc=twsrc%5Etfw)

> New Liquidity Pools Now Live on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw)!  
>  
> We’ve deployed two new pools to strengthen liquidity for SolvBTC and SolvBTC.BBN:  
>  
> 🔹 SolvBTC/WBTC – $4.0M TVL  
> 🔹 SolvBTC.BBN/SolvBTC – $1.9M TVL  
>  
> These pools provide key support for BTCFi and further expand liquidity for Bitcoin… [pic.twitter.com/nJP6CQgJyq](https://t.co/nJP6CQgJyq)
> 
> — Solv Protocol (@SolvProtocol) [September 24, 2024](https://twitter.com/SolvProtocol/status/1838579288075046992?ref%5Fsrc=twsrc%5Etfw)

> 🚨 dlcBTC/wBTC [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) pool has crossed $3,000,000 in TVL. Helping to put about 50 BTC to work on Curve without loosing L1 Custody.   
>  
> What's your Bitcoin doing sitting idle? 🤔  
>  
> dlcBTC/wBTC pool current APY 7.16% <https://t.co/ZalOTpmutu> [pic.twitter.com/dL4PBwYXvC](https://t.co/dL4PBwYXvC)
> 
> — dlcBTC (@dlcBTC) [September 24, 2024](https://twitter.com/dlcBTC/status/1838552223665787309?ref%5Fsrc=twsrc%5Etfw)

On Arbitrum the $asdCRV wrapper has been playing with a unique design.

> Gain direct exposure to [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) [$veCRV](https://twitter.com/search?q=%24veCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) yield, native fees & vote incentives, on Arbitrum via [$asdCRV](https://twitter.com/search?q=%24asdCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) pool.   
>  
> Unique design directs [$vsdCRV](https://twitter.com/search?q=%24vsdCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) voting power to the pool, scaling [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) rewards with pool TVL. [pic.twitter.com/MfgsjpL1Mq](https://t.co/MfgsjpL1Mq)
> 
> — Stake DAO (@StakeDAOHQ) [September 8, 2024](https://twitter.com/StakeDAOHQ/status/1832724668630839426?ref%5Fsrc=twsrc%5Etfw)

> The [$asdCRV](https://twitter.com/search?q=%24asdCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) pool on Arbitrum received new [$veCRV](https://twitter.com/search?q=%24veCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) votes last week and the [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) started streaming yesterday.  
>  
> Earn the " [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) staking yield" on Arbitrum! [pic.twitter.com/1dgLlrMd3E](https://t.co/1dgLlrMd3E)
> 
> — Stake DAO (@StakeDAOHQ) [September 13, 2024](https://twitter.com/StakeDAOHQ/status/1834617979012567191?ref%5Fsrc=twsrc%5Etfw)

Despite dwindling users in a bear market, some great pockets of rewards have popped up. DeFi summer vibes?

For instance, several Arbitrum pools enjoyed some elevated rewards this month.

> oh wow double rewards for a bit on [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) on [@arbitrum](https://twitter.com/arbitrum?ref%5Fsrc=twsrc%5Etfw) for eUSD and ETH+ pools [pic.twitter.com/wQxUVAmxKU](https://t.co/wQxUVAmxKU)
> 
> — Thomas Mattimore (tmattimore.eth) (@mattimost) [September 12, 2024](https://twitter.com/mattimost/status/1834239718310961515?ref%5Fsrc=twsrc%5Etfw)

Vote efficiency is as high as $1.80 return on the dollar

> Weeks after weeks, [@ZunamiProtocol](https://twitter.com/ZunamiProtocol?ref%5Fsrc=twsrc%5Etfw) is depositing vote incentives on Votemarket to obtain [$veCRV](https://twitter.com/search?q=%24veCRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) votes for [$ZUN](https://twitter.com/search?q=%24ZUN&src=ctag&ref%5Fsrc=twsrc%5Etfw)\-related pools.  
>  
> Last round, for every $1 deposited, [@ZunamiProtocol](https://twitter.com/ZunamiProtocol?ref%5Fsrc=twsrc%5Etfw) managed to direct $1.80 worth of [$CRV](https://twitter.com/search?q=%24CRV&src=ctag&ref%5Fsrc=twsrc%5Etfw) towards these pools thanks to Votemarket voters. [pic.twitter.com/WtSNB5l7IY](https://t.co/WtSNB5l7IY)
> 
> — Stake DAO (@StakeDAOHQ) [September 25, 2024](https://twitter.com/StakeDAOHQ/status/1838969825730711857?ref%5Fsrc=twsrc%5Etfw)

With governance markets and so much activity, it amounts to a nice steady payday for veCRV holders.

> Maybe you don't know but plus the "classic" fees that [@CurveFinance](https://twitter.com/CurveFinance?ref%5Fsrc=twsrc%5Etfw) earns (Dex fees and [$crvUSD](https://twitter.com/search?q=%24crvUSD&src=ctag&ref%5Fsrc=twsrc%5Etfw) interest rate) (average now is \~$350K/week), there is also another revenue stream  
>  
> I'm talking about the Bribes market (average now is \~$150K/week)  
>  
> Curve is currently earning \~$500K/w [pic.twitter.com/cA1ThWFnLA](https://t.co/cA1ThWFnLA)
> 
> — Diego.crv (@Die\_crv) [September 10, 2024](https://twitter.com/Die%5Fcrv/status/1833629091972440561?ref%5Fsrc=twsrc%5Etfw)

## More

Curve has been hosting a hackathon to bring the Stableswap to TON Blockchain.

[TON Foundation Collaborates with Leading DEX Curve Finance to Incubate a TON-Based Stable Swap ProjectTON Foundation, the non-profit organization accelerating the growth of The Open Network Blockchain (TON), has teamed up with Curve Finance, a leading DEX, to incubate a TON-based stable swap project.![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/icon/favicon-32x32.5a296e6c-1.png)TON BlogTON Society![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/thumbnail/Blog_TON_x_Curve_2e739eab3d-1.png)](https://blog.ton.org/ton-foundation-and-curve-finance)

Rumor has it it's generating a TON of interest.

[![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/10/image-1.png)](https://t.me/michael%5Fcurve/53)

Meanwhile, if you are interested in Curve merch, you may have some stylish choices hitting the market soon.

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/09/image-1.png)

Finally, want to hear from your favorite Curve team members?

> I heard Michael will singing soon,check the Curve TG group:<https://t.co/BPyx8TGf6a> <https://t.co/sIsDsYySC4>
> 
> — haowi.eth🦙🦙🦙🚀🚀🚀 (@HaowiWang) [September 20, 2024](https://twitter.com/HaowiWang/status/1837068355611808151?ref%5Fsrc=twsrc%5Etfw)

Well, no singing clips have surfaced yet. But Michael Egorov spoke at three events around Singapore.

> **“It’s become evident that we need to pay more attention to Bitcoin as a DeFi asset, because that’s where the demand is.”**

At the BTC ECO summit he demonstrated results showing off the superiority of Bitcoin as an asset for borrowing in LLAMMA.

At the Stablecoin Summit he delivered a fireside chat he talked plans for st-crvUSD, and expressed ambitions for Forex and eliminating impermanent loss without emissions.

At the main event, he delivered a talk entitled "Stablecoin Swaps: From jurisdictional arbitrage to FX Markets," showing off some considerations in price impact for Forex trading

![](https://storage.ghost.io/c/84/bd/84bdf1ce-3211-4e56-85ff-6bf76cbb2657/content/images/2024/10/image-4.png)

Finally, Curve developer Alberto Centonze joined Leviathan News for a chat about developing st-crvUSD, and more.

For a monthly digest, subscribe to the [official Curve newsletter](https://news.curve.finance/) below. Your email will never be used for any other reason than email this newsletter to you!