scrvUSD
scrvUSD is short for savings-crvUSD, and it functions like a bank savings account for crvUSD. It is similar to other staked versions of USD stablecoins like sDAI, sUSDS, sUSDe, etc. Users can "stake" their crvUSD to receive scrvUSD, or buy it directly from the market.
The yield comes from receiving a share of the crvUSD borrowing revenue. Yield accrues automatically to scrvUSD holders, increasing the value of their tokens over time. It's important to understand that the underlying crvUSD is not rehypothecated elsewhere—they remain idle within the vault, minimizing risk.
Current scrvUSD Stats
Current scrvUSD stats directly fetched from
EthereumFAQ
What is scrvUSD?
scrvUSD is the savings version of crvUSD. By staking crvUSD, you receive scrvUSD tokens that automatically accrue yield over time from crvUSD borrowing revenue.
How does scrvUSD earn yield?
scrvUSD earns yield from a share of the crvUSD borrowing revenue. The yield accrues automatically to scrvUSD holders, increasing the value of their tokens over time.
Is my crvUSD safe when staked as scrvUSD?
Yes. The underlying crvUSD is not rehypothecated elsewhere—they remain idle within the vault, minimizing risk.
Can I convert scrvUSD back to crvUSD?
Yes, you can convert scrvUSD back to crvUSD at any time. The exchange rate reflects the accrued yield.