Curve Finance Adds Wrapped Staked Ether as Collateral for crvUSD Stablecoin

06/08 10:25

Curve Finance, a decentralized exchange, has added support for wrapped staked ether (wstETH) as collateral for its decentralized stablecoin crvUSD. The vote to introduce this collateral passed with 100% of votes in support and met a quorum of 84.5%. Users can now put up their wstETH as collateral and mint a portion of that value in crvUSD stablecoin, with a 6% borrow rate.

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