and since the new product is now better and produc... @yearnfinance

Asked 1118 days ago
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and since the new product is now better and produces more yield it caused a re-peg?

asked 1118 days ago

1 Answers

Answer2:The new product certainly had an impact on the re-peg, but it was not the only factor. The introduction of protocols that allowed for boosting pools with vl-yCRV also played a role in helping to reestablish the peg. The combination of the improved product and the protocols allowed for a more stable peg, which in turn boosted confidence in the asset and allowed for greater liquidity. The result is a more reliable peg that is better able to withstand market volatility.
answered 1118 days ago
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While yes it has high yield, but I dont think that is the only factor. Now was have protocols wanting to lock for boosting their pools with vl-yCRV which helped reestablish the peg as well.
answered 1118 days ago

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