Curve Finance’s DAO has approved and launched three new collateral types for its native stablecoin, crvUSD—cbBTC, weETH, and LBTC—alongside an upgraded lending implementation intended to expand functionality and improve risk management. Users can now mint crvUSD against Coinbase’s wrapped Bitcoin cbBTC, Ether.fi’s liquid restaking token weETH, and Lombard Finance’s liquid Bitcoin asset LBTC, each with tailored borrow caps of 50 million, 20 million, and 10 million crvUSD respectively to reflect their liquidity and risk profiles. These integrations plug crvUSD into some of the fastest-growing segments in DeFi: institutional-grade wrapped BTC from Coinbase, decentralized liquid staking/restaking via Ether.fi, and cross‑chain yield-bearing BTC via Lombard. The new markets run on an upgraded crvUSD smart contract implementation, audited by ChainSecurity, that introduces features such as one-click leverage via DEX aggregators, loan management delegation, support for LP tokens as collateral, and user‑customizable risk parameters. One‑click leverage is initially enabled through an integration with Odos’ routing infrastructure, allowing users to open or adjust leveraged positions in a single workflow while tapping broader DEX liquidity. Loan management delegation lets users authorize external accounts or automation smart contracts to manage their positions—such as reducing debt before entering soft liquidation—while future UI updates will expose configurable liquidation protection ranges at the user level, building on crvUSD’s existing soft‑liquidation design. Collectively, the launch positions crvUSD to compete more directly with other DeFi lending markets by combining higher‑demand collateral types with more capital‑efficient leverage tools, while attempting to preserve peg stability through conservative caps and asset‑specific risk settings.

AI-generated background, compiled from web sources — not editorial content.

More coverage

Explore the topic

More on $cbBTC

Coinbase selects Chainlink CCIP as the exclusive bridge infrastructure to supercharge Coinbase wrapped asset growth. Coinbase wrapped assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, currently have an aggregate market cap of approximately $7B.

Coinbase selects Chainlink CCIP as the exclusive bridge infrastructure to supercharge Coinbase wrapped asset growth. Coinbase wrapped assets, which include cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, currently have an aggregate market cap of approximately $7B.

𝕏/@coinbase ·

Yield Basis raises caps to $50MM in its WBTC, cbBTC and tBTC market, filling them all within minutes and bringing total TVL to $150MM

Yield Basis raises caps to $50MM in its WBTC, cbBTC and tBTC market, filling them all within minutes and bringing total TVL to $150MM

𝕏/@in_pangea ·

In final step before implementing YB token emissions, Yield Basis proposes to add gauges to WBTC, cbBTC, and tBTC pools

In final step before implementing YB token emissions, Yield Basis proposes to add gauges to WBTC, cbBTC, and tBTC pools

Yieldbasis ·

Coinbase launches Proof of Reserves with Chainlink on Base and Ethereum, offering transparent, independent on-chain verification that cbBTC is fully backed 1:1 by Bitcoin.

Coinbase launches Proof of Reserves with Chainlink on Base and Ethereum, offering transparent, independent on-chain verification that cbBTC is fully backed 1:1 by Bitcoin.

data.chain.link ·

New markets for minting crvUSD with weETH, cbBTC and LBTC as collateral are up

New markets for minting crvUSD with weETH, cbBTC and LBTC as collateral are up

𝕏/@CurveFinance ·

Proof of reserves for cbBTC

Proof of reserves for cbBTC

Coinbase ·

Explore the full feed

Comments

Up nextForma shuts down its chain over unsustainable operations, moving NFTs to Ethereum