Curve: The proposal to increase the maximum fee share for Saving crvUSD to 50% has been voted and approved

ChainCatcher news, Curve Finance announced on platform X that the community has voted to increase the maximum fee share for Saving crvUSD to 50%, up from the previous rate of 20%.

ChainCatcher previously reported that CurveDAO launched Savings crvUSD (scrvUSD), which was developed in collaboration with Yearn Finance and utilizes Yearn's customized V3 Vaults to provide users with yield and interest on stablecoins.

As an interest-bearing stablecoin, scrvUSD offers low-risk returns from a portion of the interest paid by crvUSD minters. This yield is managed on-chain by CurveDAO, which effectively acts as a decentralized on-chain central bank, providing "low-risk" returns. User funds in the scrvUSD module are not re-collateralized, and all collateral remains fully on-chain.