Curve announced on Twitter its native stablecoin crvUSD contract was redeployed. During this deployment, soft liquidation via arbitrage trades were live-tested. Curve's urges arbitrageur bots to update the contract address.
Curve also disclosed that the DAO earned $2,000 by stabilizing crvUSD from $1.5 Million crvUSD produced by the CDP for the first week following the initial deployment of crvUSD. Curve will not be converted to fee distribution because those were "test earnings," but they did test what is feasible.
Curve initially launched its crvUSD contract on Ehtereum on May 3rd.
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DeFi
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