And this guy again. Otherwise-excellent effort to collect information about different DeFi projects got spoiled by one man's toxicity.
This mint is backed by LP tokens (200%-collateralized) whenever it comes to circulation.
I get it that crvUSD CAN do it at all though
A proposal suggesting to mint out-of-thin-air, unbacked, 60M crvUSD (~50% of the current 120M supply) to quickstart @yieldbasis
This capacity for unbacked minting is one of the key elements that led @CurveFinance to a high Upgradability risk on @defiscan_info and thus a Stage 0.
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