
Rune|Nov 29, 2025 17:58
🚜🚜🚜Update on sUSDS/stUSDS curve pool
Turns out the sUSDS/stUSDS curve pool was configured wrong, so it is not properly providing deep liquidity between the two assets... Instead, for the next month it became an unintended stUSDS farm 🚜
If you deposited stUSDS into the pool, your funds are completely safe, you're just holding a portfolio of almost entirely stUSDS and a tiny amount of sUSDS, with an extra incentive on top (right now the yield is something like 55% total). You can withdraw your stUSDS at any time. The issue is that there will not be much trading volume, and the pool composition will be overwhelmingly stUSDS with barely any sUSDS.
To solve this issue a new Curve USDS/stUSDS pool will be deployed with a new incentive. This time properly configured to support ERC4626 so that it will actually provide deep liquidity and let an stUSDS discount market form, as intended.(Rune)
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