UPDATE: $crvUSD pegkeeper debt hit a new ATH today @ 55.6m pushing overall crvUSD mcap above $175m 📊📈 Since @ResupplyFi launched in March 20th, pegkeeper debt has been in uponly mode due to all the new demand: Most of the inflows are directed into $reUSD/scrvUSD pool due to the high APR of 15% (highest in all of #DeFi), while inflows into all the other reUSD pools have been mostly flat since mid-April. This pool currently has the highest veCRV weight of all @CurveFinance pools: As long as the APR remains high on this pool, inflows should continue and crvUSD mcap will continue to climb. 😼However the veCRV weight on this pool will have to grow as well to sustain the high APR and continue attracting new capital! So either bribes will have to increase, or Resupply will have to acquire and lock more $CRV, $CVX. At a certain point this will also starts to put pressure on other protocols within the Curve ecosystem to increase their bribe budgets and/or veCRV/vlCVX holdings.... Keep in mind that $CRV price also has an impact on the overall APR! If CRV performs well into the rest of 2025, that could be an additional tailwind.â›”ïžđŸ“ˆ 📊
Seems crvUSD is in very high demand these days: - $crvUSD peg has tightened up considerably since end of FebruaryđŸ€ - TVL of the two main crvUSD @CurveFinance pools has doubled since February: $20m -> $40m - Pegkeeper debt is above $50m and growing📊📈 $CRV #DeFi
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