Curve's crvUSD issuance jumps 97% in August to $72.2M
- —crvUSD issuance climbed from $36.7M in July to $72.2M in August
- —One wstETH-backed position drove $20M of the $35.5M net increase
- —LlamaLend V2 borrows rose 45% to $65.2M, collateral up 49% to $79.3M
- —Growth was concentrated in a single position rather than broad demand
Why it matters: With most of the increase tied to one wstETH position, the jump in crvUSD issuance does not signal a broad recovery in DeFi credit demand.
Source: TokenPost