$CRV DeFi Cheetah
Due to regulatory requirements, BlackRock's tokenized money market fund BUIDL holders can initially only transfer tokens to other pre-approved investors; this means they are completely isolated from the DeFi space. Thus Elixir emerged, allowing BUIDL holders to mint deUSD through sBUIDL (i.e., staked BUIDL). Most importantly, just like USDe, Elixir chose Curve as the main liquidity hub for deUSD. The anticipated $551 million from BUIDL is expected to be the first batch of institutional funds flowing into DeFi, followed by potentially billions of tokenized U.S. Treasury bonds.

Most of the incoming funds will likely purchase and stake crvUSD to earn approximately 15% returns, derived from the interest income of crvUSD. This initiates another flywheel effect. These interest revenues come from leveraged demand in a bull market, where users cycle through BTC, ETH, or other types of collateral using crvUSD via DeFi Saver. As BUIDL holders and other tokenized U.S. Treasury bonds mint deUSD or other stablecoins on Curve, they are likely to be used to purchase crvUSD and stake it to enjoy this approximate 15% yield, with no lock-up period!

You might ask: if more people participate in sharing this yield, won't the returns drop significantly? Here's where something magical happens: as more people buy and stake crvUSD, the price of crvUSD breaks above $1, and price fluctuations will lead Pegkeeper to mint more crvUSD. As PegKeeper's debt increases, interest rates will drop. In a bull market, the demand for borrowing is immense, which causes crvUSD to fall below $1 again. At this point, this will drive the yield of crvUSD up, leading more people to purchase crvUSD to earn yield, thereby pushing interest rates down and encouraging more borrowing. In fact, the current bottleneck for crvUSD is not the demand for borrowing, but the purchasing pressure or use cases that can absorb the selling pressure caused by cycling/leverage operations. If crvUSD is always below $1, the interest rates will be too high, preventing others from joining.

EOS 2024-2025 Roadmap:
The EOS blockchain has released its roadmap for 2024-2025, focusing on enhancing scalability, security, accessibility, and developer efficiency. The roadmap includes significant upgrades and feature launches for EOS, EOS EVM, Middleware, and exSat.
• Antelope Spring protocol upgrade: The underlying blockchain protocol of EOS, Antelope Spring, will undergo several major upgrades, including RAM optimization, synchronous calls, optimized smart contract execution, and multiparty computation (MPC) wallets.
• EOS EVM updates: The EOS EVM will receive several major updates to improve scalability, gas fee efficiency, and interoperability. This includes the integration of EIP-4844 (Proto-Danksharding) and advanced gas algorithm optimizations.
• exSat development: Since the mainnet launch on October 23, 2024, exSat aims to expand the Bitcoin ecosystem by introducing BTC staking and decentralized asset custody. XSAT staking and decentralized custody solutions will be launched, allowing for the development of a broader range of decentralized applications and DeFi solutions within the EOS framework.
• Middleware updates: The middleware roadmap includes the launch of Unicove v2.0, a portal designed to simplify user interaction and resource management, planned for release at the end of 2024. EOS plans to integrate MetaMask Snap and introduce a new account creation system to facilitate user onboarding.
• Two million EOS recovered on EOS EVM: Two million EOS were recovered from the Paycash vulnerability through the Recover+ platform, which is a cutting-edge cybersecurity portal and rapid incident response program unique to the EOS ecosystem.
• BTC L2 work progress: The BTC L2 working group’s mission is to build an EVM-compatible scaling solution for Bitcoin on the EOS network. By integrating trustless bridges and zero-layer scaling methods, this solution is expected to be an innovative complement to the EOS ecosystem.
• Antelope Leap 6 timeline announced: The EOS engineering team has announced the upcoming release of Leap 6, planned for July 2024, which will introduce the groundbreaking Savanna consensus algorithm. This will accelerate transaction finality and enhance security, user experience, and decentralization across the entire EOS ecosystem.
These updates and dynamics demonstrate significant progress in EOS's technological innovation and ecosystem development.

#EOS生态系统 #EOS

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