Everyone's talking about Aave v4 right now.
TVL is almost at $400M, growing slow but steady but nobody's talking about
@llamalend, and that annoys me. Minting against Bitcoin costs 1.57% right now!
Deposit yieldbearing ETH like sfrxETH from
@fraxfinance instead and the interest the collateral earns gets netted against what you pay to borrow.
Utilization on the crvUSD side is still low, so there's room to keep minting without touching the peg. I expect this stablecoin to grow hard over the next few months.
It just needs eyes on it. The distribution and listing work already in motion should speed that up.