Pangea article finds a notable increase in the volatility and peg deviation of the crvUSD peg following the launch of Yield Basis, while not arguing a causal relationship

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They analyzed four pools, crvUSD<>USDC crvUSD<>USDT crvUSD<>PYUSD crvUSD<>frxUSD "Our findings show a 66.35% increase in the mean absolute deviation after the launch of YieldBasis, from 0.000186 to 0.000309.""

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Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

𝕏/@in_pangea ·

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

𝕏/@in_pangea ·

Pangea report finds fxUSD peg held strong amidst a turbulent year

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Spencer420

They analyzed four pools,
crvUSD<>USDC
crvUSD<>USDT
crvUSD<>PYUSD
crvUSD<>frxUSD
"Our findings show a 66.35% increase in the mean absolute deviation after the launch of YieldBasis, from 0.000186 to 0.000309.""

Danicjade

TL;DR:
Since the launch of YieldBasis, crvUSD has seen increased volatility and larger peg deviations, though the stablecoin has mostly stayed near $0.999. High-volume flows from YieldBasis, combined with mercenary LP behavior, strain the peg despite Curve’s pegkeepers and borrowing rate mechanisms. Incentives to increase crvUSD liquidity helped temporarily but haven’t created “sticky” support. While YieldBasis appears to contribute to peg instability, broader market volatility is also a factor, and more analysis is needed before further scaling credit lines.

Spencer420

They analyzed four pools,
crvUSD<>USDC
crvUSD<>USDT
crvUSD<>PYUSD
crvUSD<>frxUSD
"Our findings show a 66.35% increase in the mean absolute deviation after the launch of YieldBasis, from 0.000186 to 0.000309.""

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Pangea article finds a notable increase in the volatility and peg deviation of the crvUSD peg following the launch of Yield Basis, while not arguing a causal relationship

More coverage

Explore the topic

More on Pangea

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

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How to Earn

More on Pangea

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Pangea article finds a notable increase in the volatility and peg deviation of the crvUSD peg following the launch of Yield Basis, while not arguing a causal relationship

More coverage

Explore the topic

More on Pangea

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Comments

Total stats

How to Earn

More on Pangea

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year

Chainlink teams with global banks on Project Pangea to push instant FX settlement forward

Pangea research finds that YieldBasis delivers better market depth than Uniswap thanks to Curve's innovative FXSwap AMM design

Pangea releases their token pricing dataset and backtesting tool with Pay As You Go billing over x402, allowing users and agents to pay for on-chain data with USDC

Pangea dives into Curve's crvUSD Monetary Policy, explaining what it is, how and why it's changing, and what this means for users and the system as a whole.

Pangea publishes research showing that structural flows from YieldBasis tightly couple the crvUSD system to BTC price movements. In partnership with LlamaRisk, they are working on recommendations to support Curve and YieldBasis in scaling to the $1bn credit line currently being voted on.

Pangea report finds fxUSD peg held strong amidst a turbulent year