Curve Finance, a decentralized exchange, has added support for wrapped staked ether (wstETH) as collateral for its decentralized stablecoin crvUSD. The vote to introduce this collateral passed with 100% of votes in support and met a quorum of 84.5%. Users can now put up their wstETH as collateral and mint a portion of that value in crvUSD stablecoin, with a 6% borrow rate.

The platform also supports staked frax ether (sfrxETH) as collateral, but both markets only exist on the beta version of Curve.