June 20 (Cointime) - Curve Finance, a decentralized exchange, is voting on a proposal to accept Wrapped Ether as collateral for its crvUSD stablecoin. If approved, users can use WETH as collateral and mint crvUSD. The debt ceiling for WETH collateral is set at $200 million. Currently, Curve accepts Wrapped Staked Ether and Staked Frax Ether as collateral for minting its stablecoin. The crvUSD stablecoin is over-collateralized by supported crypto assets and is underpinned by an algorithm called Lending-Liquidating AMM.
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Curve Finance Considers Accepting Wrapped Ether as Collateral for crvUSD Stablecoin
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