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🌀 CURVE PULSE · July 24 Merkl Live, Bitcoin Scaling Begins 🚀 YieldBasis kicked off the evening with a major capacity expansion: +$10M in wBTC is now open, and Merkl - the incentive distribution platform - went live at the same time. The team kept it short: "here we go again", then added in a reply: "no need to rush. scaling has just begun." This is the follow-up to Proposal 52, which unlocked the first wBTC tranche last week. 🛠️ Curve Finance moved in sync: Merkl incentives are now running on the crvUSD/pyUSD pool. Both staked and unstaked positions earn, and rewards scale up during bearish markets - a design meant to keep liquidity deep exactly when it tends to drain. 🧠 On the education front, Diphunter continued a detailed thread on crvUSD mechanics - walking through LLAMMA with real numbers: gradual collateral conversion as price falls, and reverse conversion on recovery. No single liquidation trigger, just progressive adjustment. 📊 Metrics: Curve DEX TVL ~$1.27B, crvUSD at $0.999. 📅 More YieldBasis capacity updates expected tomorrow - the team signaled this is just the start.

Just take a couple of seconds to ensure that your vlCX delegation is properly set up!

also, this only is for new wallet with cvx..the old one doesn't have this problem 🤔

🌀 CURVE PULSE · July 25 A company built on Bitcoin and loans 🛠️ Quiet Saturday, but builders keep building. The main story - defitea's build of YieldRing.eth, an onchain company: 0.012 BTC on the balance sheet, stablecoins borrowed against it on Llamalend, already swapped into AERO, CVX and FRAX to be locked for the maximum term for yield. The safety buffer runs down to a Bitcoin price of $38,259, and even there no instant liquidation: collateral is sold off in small pieces and bought back as the price recovers. 📊 Governance: vote #1460 is live - a retune of the TricryptoUSDT pool (USDT/WBTC/WETH), ramping A and gamma down over 14 days and cutting the mid_fee roughly 100x. Discussion on the forum. 🧠 In the YieldBasis community, a conversation about the gap between chart and fundamentals: Aero notes that the $YB chart alone will not show how many improvements went into the vaults and scaling mechanics, and wants the 6-7c area to hold. Curve's Haowi replies: the market is still weak, and with stable cash flow it is a good time to keep averaging in. 🎯 Metrics are calm: crvUSD at $0.9991, Curve DEX liquidity at $1.28B. The TricryptoUSDT vote has just opened with zero votes cast so far - watching.