You used to LP for yield. Now you borrow to farm it. Welcome to the new @CurveFinance meta: Debt isn’t the cost of yield. It is the yield. DeFi 1.0 was cute. LP stables, stack emissions, chase APYs, watch them dilute faster than your conviction. Then Curve launched $crvUSD, and the entire game changed. Now protocols don’t just farm Curve. They farm with Curve. • Resupply turned crvUSD into a black hole for stable liquidity, taking it as collateral to mint new looped stable positions, compounding both liquidity and fee flow. Every loop locks more crvUSD out of circulation, tightening supply, pushing borrowing demand even higher. • RAAC is building its own crvUSD sink by using it as collateral inside their lending system. The more it grows, the more crvUSD stays tied up in vaults, driving consistent borrowing fees that flow right back to $veCRV lockers. • Meanwhile, YieldBasis is gunning to protect BTC and ETH holders from impermanent loss. If they pull it off, that’s another pipeline of crvUSD borrowing to fuel Curve’s debt-driven flywheel. This isn’t just liquidity mining 2.0. It’s programmable debt as an asset class, and Curve is the only market that treats debt as native collateral. You’re not just paying interest. You’re programming it to farm for you. TLDR (for the dopamine farmers): crvUSD is the new DeFi money printer. Protocols like Resupply and RAAC are building vaults and loops that eat crvUSD alive. veCRV lockers? They’re getting paid every single block. What’s your favorite crvUSD debt strategy? Drop your flywheel. The meta’s only getting deeper. By @CryptoISFreedom