December 13, 2020: Meet the incoming new Curve pools for $oBTC + $UST 🌊👋

Keep Ahead of the Curve

Here are today’s trends to watch from Curve Market Cap:

Curve announced they are adding two new pools from BoringDAO and Terra. Today we profile the incoming stablecoins:

On the BTC side, the newest offering is oBTC, a 1-to-1 Bitcoin peg offered by BoringDAO. BoringDAO launched November 12 as a two way asset tunnel allegedly backed by 2x the supply. It currently features a total supply of 640 oBTC, or about $12MM.

Terra launched the TerraUSD (UST) token with Bittrex Global back in September, with the promise of scaling to multiple blockchains. They also plan to offer interest in the future via Anchor. The TerraUSD supply is currently worth roughly $26MM, and the team has a prior track record with TerraKRW, a Korean Won stablecoin with a $78MM market cap.

Curve is also expecting a vote on two new metapools for BBTC and pBTC this Wednesday.

For more info, check our live market data at https://curvemarketcap.com/ or our subscribe to our daily newsletter at https://curve.substack.com/