Resupply proposes to mint and supply $5MM crvUSD into the sreUSD Llamalend market

Resupply, a stablecoin and leverage protocol built on top of Curve’s Llamalend markets, has submitted a governance proposal to the Curve DAO to mint and supply 5 million crvUSD directly into the sreUSD Llamalend market. The mint would be executed via a factory contract capable of minting crvUSD straight into Curve lending markets, with the funds then supplied to the sreUSD-long Llamalend market as lending liquidity. The proposal is currently subject to a DAO vote, with control over the minted crvUSD and the contracts remaining entirely with the Curve DAO. Resupply is a decentralized stablecoin protocol that issues reUSD, allowing users to borrow reUSD against yield-bearing collateral such as crvUSD deposited in Curve’s Llamalend markets. The sreUSD market is a Resupply-built Llamalend market that uses a vault-based stablecoin (sreUSD) and a custom oracle to enable high‑leverage “sreUSD‑long” strategies, where users loop borrowing and supplying to amplify yield. By injecting 5 million crvUSD into this market, Curve’s DAO aims to deepen lending liquidity, lower borrowing rates, and make borrowing against sreUSD more attractive, while at the same time generating yield for the DAO on the supplied crvUSD. Curve’s own analysis estimates that at an average historical supply rate of about 8.1% in the sreUSD market, this allocation could produce roughly $405,000 in annual interest for the DAO. Strategically, the proposal is framed as infrastructure for a new minting framework where crvUSD can be minted directly against lending markets (like sreUSD on Llamalend) rather than only traditional collateralized pairs, thereby strengthening the interaction between reUSD, sreUSD, and crvUSD. For Curve, this supports crvUSD’s role as productive collateral, potentially grows Llamalend TVL, and creates a structured way for the DAO to deploy its native stablecoin into yield-bearing lending strategies under on‑chain governance control. For Resupply, the additional crvUSD liquidity is intended to stabilize and scale its reUSD/sreUSD system and improve capital efficiency for leveraged stablecoin users. "entities":["Curve Finance","Curve DAO","crvUSD","Resupply","reUSD","sreUSD","Llamalend","Curve lending markets","sreUSD-long Llamalend market","Convex","Yearn"]}`'}

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• DAO
• LlamaLend
• crvUSD
• Curve