I guess the market is rebalancing to ensure collateral LTV,

so that increases crvUSD price??

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liquidators buying crvusd to liquididate positions (down and up)

Distorted-Cognicist Автор вопроса
PilotVietnam
liquidators buying crvusd to liquididate positions...

And that’s why crvUSD went above 1 because so many soft liquidations are underway

Distorted Cognicist
And that’s why crvUSD went above 1 because so many...

and pegkeepers mint to bring price back down, crvusd rates continue to drop

Distorted-Cognicist Автор вопроса
PilotVietnam
and pegkeepers mint to bring price back down, crvu...

For the newly minted crvusd that peg keepers mint, where is the collateral coming from

Distorted Cognicist
For the newly minted crvusd that peg keepers mint,...

"When the price of crvUSD in a pool is above 1.00, they are allowed to take on debt by minting un-collateralized crvUSD and depositing it into specific Curve pools. This increases the balance of crvUSD in the pool, which consequently decreases its price."

Distorted-Cognicist Автор вопроса

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