Curve Finance has launched a new stablecoin, Savings-crvUSD (scrvUSD), promising "low-risk" returns for investors. Users can mint scrvUSD by depositing crvUSD, which is overcollateralized by assets like Ether and Wrapped Bitcoin. Curve assures that user funds remain safely in vaults, stabilizing borrowing rates. With over 3 million crvUSD already in the system, Curve's founder claims it's sustainable. The move enhances DeFi composability, offering new opportunities for traders. Curve's collaboration with The Open Network aims to boost DeFi ecosystem efficiency. ๐
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