Savings crvUSD (scrvUSD) stablecoin analytics
Answer First
What is Savings crvUSD (scrvUSD)?
scrvUSD is Curve's savings-rate wrapper of crvUSD; the share price compounds with a slice of crvUSD borrower interest, with crvUSD-tier CDP risk underneath. The static profile records its crvUSD-denominated NAV accounting mechanism as: On Ethereum, deposit crvUSD into the ERC-4626 vault to mint scrvUSD shares and redeem those shares for the vault's current convertToAssets amount of crvUSD. The share price grows through allocated crvUSD interest revenue.
Is scrvUSD safe?
Pharos does not assess scrvUSD as safe: it holds a D Safety Score grade (42/100) in the latest published rating, which flags significant structural risk. Static metadata says Savings crvUSD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
Savings crvUSD (scrvUSD) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg crvUSD-denominated NAV.
Variant Relationship
Savings crvUSD (scrvUSD) is modeled as a savings variant of crvUSD (crvUSD). Pharos treats parent stress, redemption, mint authority, and dependency context as relevant to this variant before interpreting its own live metrics.
AI summary / Updated Sep 7, 2026
scrvUSD is Curve's ERC-4626 savings share over crvUSD, so the wrapper adds yield and exchange-rate behavior without inventing a new dollar. Deposited crvUSD backs the share, while borrower interest and protocol revenue make the redeemable crvUSD balance climb over time. The wrapper risk is vault accounting, liquidity, and the ability to exit back into crvUSD; the parent risk is still Curve's CDP and LLAMMA machinery, with BTC and ETH collateral doing the heavy lifting underneath.
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
- Collateral
- crvUSD deposited into Curve's savings vault; the wrapper remains fully backed by crvUSD while a share of borrower interest and protocol revenue compounds through the vault exchange rate
- Peg Mechanism
- On Ethereum, deposit crvUSD into the ERC-4626 vault to mint scrvUSD shares and redeem those shares for the vault's current convertToAssets amount of crvUSD. The share price grows through allocated crvUSD interest revenue. Curve also documents bridged scrvUSD representations on other chains, whose transfer and upgrade controls require separate review.
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
Next Actions
Exact bot target: /subscribe dews,depeg,safety scrvusd-curve
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
scrvUSD quick answers
What is Savings crvUSD (scrvUSD)?
scrvUSD is Curve's savings-rate wrapper of crvUSD; the share price compounds with a slice of crvUSD borrower interest, with crvUSD-tier CDP risk underneath. The static profile records its crvUSD-denominated NAV accounting mechanism as: On Ethereum, deposit crvUSD into the ERC-4626 vault to mint scrvUSD shares and redeem those shares for the vault's current convertToAssets amount of crvUSD. The share price grows through allocated crvUSD interest revenue.
Is scrvUSD safe?
Pharos does not assess scrvUSD as safe: it holds a D Safety Score grade (42/100) in the latest published rating, which flags significant structural risk. Static metadata says Savings crvUSD uses a CeFi-Dependent governance model and Crypto-Collateralized backing, with live reserve feed configured; the main caveat is that freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs scrvUSD?
Pharos classifies scrvUSD backing as Crypto-Collateralized. Collateral, per the static profile: crvUSD deposited into Curve's savings vault; the wrapper remains fully backed by crvUSD while a share of borrower interest and protocol revenue compounds through the vault exchange rate Reserve evidence: live reserve feed configured.
Can scrvUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, freeze exposure is inherited through upstream collateral, custody, or wrapper dependencies. Live freeze and blacklist events for scrvUSD, when applicable, appear in the dossier below.
