Savings crvUSD (SCRVUSD)

scrvUSD is currently offering some of the highest organic stablecoin yield in all of DeFi @ 7.4%

That's much higher than the 4% $sUSDe offers, or the 3.5% average supply rate of $USDC, $USDT on AAVE, or even Hyperliquid's HLP vault, which is currently offering 6% APR on USDC deposits!

Savings $crvUSD holders have been receiving record distributions since start of June due to elevated borrow rates📊📈

The savings rate has steady increased since the beginning of May:

The rising yields have attracted a lot of new depositors into the savings vault in May, June.

On June 26th, scrvUSD supply hit a record high of $50.7m

The solid performance of scrvUSD over the past 2 months has stabilized the crvUSD peg considerably as @CurveFinance noted in this post:

https://t.co/6cqYB53Ddx

If scrvUSD APY continues to climb and rises above 8%, or even 9-10% into July and August, demand for crvUSD could rise considerably.

$CRV $CVX