Wow, that's quite a volatile day, and quite a peg shaking for crvUSD. But here are good news:
- crvUSD is still overcollateralized and fully backed, no surprises;
- Yield Basis earned something on volatility;
- More information just before releasing HybridVaults which enable unbounded scaling of Yield Basis.
Wait, what's HybridVault? These are vaults where in order to go above the "normal" Yield Basis cap you need to keep some crvUSD (in Savings crvUSD so that it's not boring). So you carry a supply sink with you (but no IL for that - it's not mixed with Bitcoins).
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Post #102
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