Demex Daily #283: Curve Finance Launches Yield-Bearing "Savings-crvUSD" to Boost DeFi

What’s Interesting Today:

Curve Finance has launched "Savings-crvUSD" (scrvUSD), a decentralized yield-bearing stablecoin designed to offer low-risk returns and scale the crvUSD stablecoin. Users can mint scrvUSD by depositing crvUSD into the module, with the underlying assets being overcollateralized. The product aims to stabilize borrowing rates for crvUSD while enhancing composability across the DeFi ecosystem. Curve's shift to crvUSD for fee distribution and collaborations with other DeFi networks reflect its efforts to increase interoperability and efficiency in decentralized finance.

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PayPal USD (PYUSD) has integrated LayerZero’s interoperability protocol to enable seamless transfers between Ethereum and Solana using the Omnichain Fungible Token (OFT) standard. This integration allows users to move PYUSD without relying on centralized platforms, offering secure, fast, and cost-effective transactions. Transfers are secured by a network of decentralized verifiers, including Paxos and Google Cloud. The integration provides increased flexibility for PYUSD holders, enhancing digital commerce and supporting blockchain-based payments across multiple chains.

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