Curve DAO supports providing a $60 million crvUSD credit line for new protocols

Jinse Finance reported that Curve DAO has approved a proposal to provide a $60 million crvUSD stablecoin credit line for the new protocol Yield Basis, developed by Curve founder Michael Egorov, before its mainnet launch. According to the plan, three liquidity pools—WBTC, cbBTC, and tBTC—will go live on Ethereum based on Yield Basis's automated market maker (AMM) architecture. Curve Finance stated that the initial cap for these pools will be $10 million. The plan aims to expand the Curve ecosystem by embedding its native stablecoin more deeply into DeFi infrastructure. Additionally, it seeks to increase the potential fee flow for veCRV token holders. The veCRV token is the vote-escrowed version of Curve Finance's governance token, CRV.