Profile
scrvUSD profile facts
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.
- 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.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
scrvUSD quick answers
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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?
As of Oct 24, 2026, Pharos grades scrvUSD C+ (64/100) on its Safety Score. Pharos's reviews record that admin controls such as a pause or an upgradeable contract exist, though no power to freeze a specific holder was found, and any holder can use its reviewed redemption route. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs scrvUSD?
Pharos records scrvUSD's reserves as of Oct 1, 2026 as 100% crvUSD savings vault shares. Reserve evidence: live reserve feed configured. Pharos classifies the backing as Crypto-Collateralized.
Can scrvUSD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, admin controls such as a global pause or an upgradeable contract are recorded, but the review found no active power to freeze or seize a specific holder's balance on material deployments.
How do you redeem scrvUSD?
Under the route Pharos reviewed on Oct 1, 2026, any holder can redeem scrvUSD for crvUSD. Redemption settles atomically on-chain. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
