what's Curvance?
Curvance is a modular DeFi protocol specializing in peer-to-peer lending and stablecoin optimization. It enables users to deposit yield-bearing assets from ecosystems like Curve, Convex, Aura, and Frax, allowing them to earn optimized yields while using deposits as collateral for secure stablecoin loans. Interest rates are dynamically determined by factors such as pool APR, token volatility, liquidity, and loan-to-value ratios, promoting capital efficiency across multiple chains including Ethereum, Polygon zkEVM, Base, Solana, Avalanche, zkSync Era, and TON. The protocol features isolated markets, dynamic risk parameters, and support for ERC-4626 vaults to expand collateral options beyond blue-chip assets. Through integrations like liquid staking and restaking tokens (LSTs and LRTs), Curvance unlocks borrowing power without locking capital, fostering composability in DeFi. Its hybrid liquidity models and governance enhancements, including Protocol V3, aim to enhance regulatory compliance and multi-chain interoperability for seamless borrowing, lending, and earning experiences.
Curvance hit an all-time high in TVL during the week ending December 21, 2025.
Hit all-time high on TVL during the week ending December 21, 2025.
Partners with Kintsu for a major points campaign featuring 5x boost on sMON deposits and a limited-time 10x boost on wMON deposits in the sMON | wMON market, plus new Milestones for bonus Bytes.
Protocol adds major top-up to incentive rewards, with current yields at 43.77% for AUSD deposits, 34.08% for WMON deposits, and 41.25% for wETH borrowing on Monad.
Launches exclusive ezETH | wETH market with Renzo Protocol, bringing ETH restaking to Monad and offering $MON and $REZ token incentives plus Milestone Boost for earning additional Bytes rewards.
Current TVL stands at $21M, down from $25M reported on November 30th.
Launches gMON/wMON market with MagmaStaking, offering the highest Magma point multiplier on Monad and stacking rewards from both ecosystems through the Milestone Boost feature.
Integration with Beefy Finance yield optimizer announced.
Users earn extra Byte rewards when protocol milestones are achieved, including TVL growth, new market launches, and liquidity depth upgrades, with rewards based on participation amount and type.
Publishes Trust Security and Sherlock audits while some audits remain unpublished, creating user hesitation about smart contract safety; earnAUSD vault delivers 37% APR with looping capability on Monad.
Protocol reaches $25M in deposits within the first week of launch.
Increases earnAUSD vault deposits to 10x leverage with $20M cap and raises sAUSD collateral cap to $30M with 20x leverage, expanding protocol capacity for looping strategies.
The team acknowledges active bug fixing and requests user patience for upcoming app updates.
TVL on Monad grows to $20.6M, ranking as the 5th largest protocol by TVL, with WMON/AUSD market offering 55.81% APY.
Announces partnership with Agora and Upshift, introducing sAUSD and earnAUSD stable-yield markets with $90,000 in weekly rewards, 4x Upshift Points, and Curvance Bytes for active participants.
Reaches $10M in total deposits within 24 hours after going live on Monad mainnet.
Users earn 387% APR by supplying WMON to the WMON/AUSD lending market.
Partnership with FastLane integrates their liquid staking token as a supported asset on Monad Mainnet, expanding yield opportunities for users.
Launches on Monad mainnet with over $750,000 in liquid incentives for the first month, featuring Global Milestones and Market Milestones campaigns where users earn additional Bytes as total TVL surpasses growth targets.
Testnet goes offline as final preparations begin for mainnet launch on Monad next week.
Launches Mainnet Bytes Campaign, a points system that rewards users with Bytes for depositing, borrowing, and contributing to ecosystem liquidity.
Partnership with Kintsu integrates their liquid staking token sMON into the unified liquidity layer, enabling users to supply, borrow, loop, and earn boosted rewards on the Monad DeFi ecosystem.
Partnership with RedStone announces RedStone Bolt as the primary oracle provider for the launch on Monad.
Partnership with Mu Digital brings institutional-grade real-world yield from Asian credit markets to the Monad ecosystem, enabling users to access stable, diversified real-world yield streams within the liquidity layer.
Partnership with Drake Exchange integrates a perpetual DEX on Monad, with Drake developing a custom strategy vault exclusively powered by Curvance that enables vault participants to earn lending yield while contributing liquidity to perpetual markets.
Partnership with Agora integrates three stablecoin assets (AUSD, earnAUSD via Upshift collaboration, and sAUSD) into lending markets on Monad with borrowing, lending, looping, and leveraging capabilities.
Partnership with MagmaStaking integrates liquid staking yield infrastructure, with support for gMON token enabling users to borrow, lend, and loop against liquid staking positions while earning staking rewards and Bytes.
Partnership with HaHa Wallet integrates lending and yield infrastructure into the Monad-native wallet, enabling users to access DeFi yield opportunities natively within the wallet interface.
Partnership with SQD confirmed as infrastructure provider powering the platform on Monad.
Partnership with Renzo Protocol announced for Monad integration, bringing liquid restaking token (ezETH) support with leveraged looping strategies for yield generation, available at mainnet launch.
Phase I Mainnet release completed and delivered with extensive smart contract security upgrades including enhanced oracle requirements, slippage handling improvements, standardized native token address handling, and resolution of 40+ bug tickets ahead of imminent mainnet launch.
Partnership announced with Kuru Exchange to integrate their DEX aggregator and on-chain order book into the platform on Monad, enabling seamless swaps during deposit and borrow flows with optimized route execution across liquidity sources.
Announces $4M strategic funding round led by F-Prime Capital and 0xPrimal, with institutional participation from Auros Global, GSR, Flowdesk, Purple, Q42, and V3V Ventures.
Partnership announced with RareBetSports for NFT whitelist giveaway and RareLink sports betting platform integration on Mainnet.
Partnership announced with Bean DEX (first DLMM DEX on Monad) with post-launch integration of Bean's Lite Turbo Vault into the USDC/MON money market for automated yield generation and Bytes rewards.
Curvance integrates Chainlink standard as confirmed in weekly adoption update listing 62 new integrations across multiple chains.
Mainnet launch scheduled within weeks with completion of multiple smart contract enhancements including updated oracle deviation circuit breakers, bad debt logic optimization, additional slippage checks for leverage actions, and new protective layers implemented following audits.
Monad airdrop eligibility announced for all Echo investors who participated in deals on the platform.
Platform goes live as Monad's stablecoin infrastructure layer with AUSD and earnAUSD integration for DeFi borrowing and leverage operations.
Team implements auditor-requested bug fixes and optimizations while adding support for Kuru aggregator and Pendle Principal Tokens via new oracle adaptor based on continuous discount model.
Partnership announced with FastLane for Week Two of Monad LST campaign featuring shMONAD liquid staking integration.
aPriori protocol launches on the platform, introducing aprMON reward-bearing tokens for enhanced capital efficiency in MON staking.
Project advances to final pre-release phase with 75+ bug fixes completed and full application stress testing validated ahead of imminent dApp launch.
New security measure burns 77,777 tokens and $90 worth of BTC per market/chain listing.
Codebase submitted for final round of audits ahead of launch.
Protocol implements one-click leverage functionality for ERC4626 assets while achieving additional gas optimizations through storage slot reduction and fee structure improvements.
Major gas optimizations reduce operational costs by 10-15%, with interest rate calculations seeing 75% improvement as protocol enters final audit preparation.
Technical upgrade adds price protection system for yield assets and dynamic auction-based liquidations with MEV capture capability.
Technical upgrade introduces transient storage mechanism for auction liquidations, reducing gas overhead for metacalls.
Minimum loan size reduced to $10 from $50 following 80% reduction in liquidation costs, enabling smaller position trading.
Core functionalities including deposit, borrow, lending, withdraw, leverage, and swap features are now fully integrated and functional in staging environment, marking final preparation phase for mainnet launch.
New commitment system launches on testnet featuring gasless transactions and programmable smart contract scheduling, enabling trustless automated execution of cross-chain operations.
Development complete with deployment scheduled for Monad Mainnet launch.
Major protocol upgrade implements per-second interest rates with 10-minute checkpoints removing MEV exposure, while adding flashloan functionality and optimizing gas costs through bitshifting storage architecture.
Major technical update improves gas efficiency by 8% and implements new Market Permissions role for automated risk monitoring, alongside rehypothecated deposit/borrow system deployment.
Protocol implements redesigned collateralization system with third-party plugin support and market debt caps, improving gas efficiency and reducing attack surface while expanding integration capabilities.
New multi-liquidation system launches with bad debt processing and dynamic penalty fallback, enhancing protocol stability and risk management capabilities.
Platform implements automated liquidation risk alerts and onchain health monitoring capabilities.
Maintains #1 position for MON token burns on Monad over 30-day period, indicating sustained protocol activity.
Protocol upgrade increases maximum leverage to 40x (from 11.11x) while reducing collateral requirements to 1.0% and implementing enhanced liquidation mechanics.
New vault launches with multi-protocol yield generation and NFT-backed lending capabilities.
New lending protocol enables 95% LTV on LSTs with continuous yield earning, offering higher leverage than current market leaders while capturing MEV benefits.
New cross-chain protocol enables single-flow USDC borrowing, bridging, and execution across networks through delegation system.
Strategic alignment with Monad blockchain confirmed
New Markets v2 interface launches April 14, featuring gas optimizations and dual liquidation system.
Protocol expands functionality with uncollateralized deposits and adds Bepolia network support, alongside comprehensive development updates across multiple products.
Team mentioned for shipping product, no specific details provided.
Lending platform offering expanded collateral options including LST assets across chains, DEX LP tokens, and ERC-20 assets. Features high LTVs for liquid assets and enhanced incentive capture mechanisms.
Reached 1 million unique addresses and 40 million aggregate transactions across testnet launch. Preparing for mainnet with UX optimizations, API updates, and final smart contract audit.