Enhanced crvUSD Markets & New Collateral Assets Go Live
The CurveDAO has voted to add three new crvUSD collateral assets—cbBTC, weETH and LBTC—along with upgraded smart contracts designed to improve the user experience and expand functionality.
New Collateral Markets
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| Go to the cbBTC Market | Go to the weETH Market | Go to the LBTC Market |
| Coinbase's cbBTC is a wrapped Bitcoin asset backed 1:1 by BTC held in custody by Coinbase. Designed for institutional-grade security, it aims to offer a seamless bridge between traditional finance and DeFi. | Ether.fi's wrapped eETH is a decentralized, non-custodial liquid staking token that allows Ethereum holders to earn staking and restaking rewards while maintaining full liquidity and control over their assets. | Lombard Finance's LBTC is a liquid, yield-bearing, natively cross-chain asset that maintains a 1:1 backing with Bitcoin. It enables users to seamlessly move BTC across different chains while earning passive yield. |
| Borrow Cap: 50M crvUSD | Borrow Cap: 20M crvUSD | Borrow Cap: 10M crvUSD |
Note: The new markets have slightly different risk parameters than existing ones, tailored to each collateral asset’s characteristics to enhance stability and maintain a strong crvUSD peg.
New Market Upgrades
Following the initial crvUSD market launch in June 2023, these upgrades retain the core features while introducing several enhancements. The updated implementation, which has undergone a thorough ChainSecurity audit, now supports:
- One-click Leverage via Aggregators:
Markets now support integration with DEX aggregators, enabling users to access broader DeFi liquidity for leverage. This reduces slippage when entering large positions and allows for leveraging down. Odos Protocol's Router has been integrated as the first aggregator, with the option to support others in the future with additional zap contracts. - AMM Efficiency Improvements:
Adjustments to AMM dynamic fees have resulted in efficiency improvements compared to current markets. - Loan Management Delegation:
Users can delegate loan management to approved accounts or smart contracts, enabling automated position adjustments—such as closing or reducing loans before entering the liquidation protection (soft-liquidation) range. - LP tokens as collateral:
The new implementation allows liquidity pool (LP) tokens to be used as collateral. While minting crvUSD with LP tokens remains a to-be-debated topic due to additional risks, Llamalend markets share the same implementation as these new crvUSD markets, making it a viable future possibility. - User Customizable Risk Parameters:
Upcoming enhancements will allow users to set extra “health” or manually set their liquidation protection (soft-liquidation) range, independent of borrow amounts and collateral value. This feature is now live at the smart contract level for new markets and will be integrated into the UI once the full Curve Lending overhaul is complete.
This update reflects Curve’s commitment to continuous improvement—adding functionality without sacrificing security or stability.
With crvUSD borrow rates currently very low, there's never been a better time to take out a loan on Curve. Check out all the crvUSD markets on Curve: