Curve DAO backs $60M in crvUSD credit for emerging protocol
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 25 2025Curve DAO Approves Credit Line: Curve's decentralized autonomous organization has approved a $60 million credit line in crvUSD stablecoin for Yield Basis, a new protocol aimed at creating Bitcoin-focused liquidity pools to mitigate impermanent loss and enhance yield opportunities in decentralized finance.
Concerns and Defenses: Some DAO members expressed concerns about the risks associated with the proposal, including potential liabilities and lack of transparency, while Curve founder Michael Egorov defended the initiative, highlighting audits and an emergency stop mechanism as safeguards.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
