How are people using crvUSD?

[interested]

Are people just contributing wstETH to mint crvUSD and then buying more ETH and then converting it to wstETH and collateralizing it, etc etc? Basically just using it to leverage staked ETH?

[charlestonX-DAO]

exactly the main idea.

[Cryptoinvest]

@interested

t contributing wstETH to mint crvUSD and then buying more ETH and then converting it to wstETH and collateralizing it, etc etc? Basically just using it to lever

I just buy crvUSD on secondary market and lend it on llamalend due to high interest rates

[JasonCL]

easy passive income during this market