Recent market conditions have been unusually severe. Sharp BTC and ETH moves triggered rapid deleveraging across DeFi, translating into sustained pressure on @CurveFinance lending markets—particularly mint rates and the $crvUSD peg. These dynamics are not unexpected in the current macro environment. Elevated leverage and external volatility can temporarily increase crvUSD’s sensitivity as YieldBasis scales. While stabilization mechanisms continue to function as intended, timely execution matters during periods of rapid deleveraging. Actions taken: ➣ scrvUSD revenue share is increased to strengthen crvUSD demand ➣ eDAO is authorized to soft-pause YB pools in case of emergency ➣ eDAO is authorized to draw 400K crvUSD from the DAO treasury for peg defense ➣ Mint rates are reduced to limit repayment pressure ➣ Defined escalation paths for additional action, if required All response actions are coordinated with Swiss Stake and Curve stakeholders. Full details on each step below ↓