I noticed something strange while chatting with the risk analysis team—a certain DeFi protocol's crvUSD lending rate chart is extremely erratic, and this was already the case even before a particular yield platform went live.

I originally planned to wait for the community proposal results, but my curiosity got the better of me, so I dug into three weeks' worth of data myself. The volatility of this interest rate curve is nothing like what you'd expect from a mature, stablecoin lending product.