Overview
crvUSD is a decentralized overcollateralized stablecoin issued by Curve Finance DAO, launched in May 2023. Its unique feature is the LLAMMA (Lending-Liquidating AMM Algorithm), which replaces traditional liquidation with a continuous soft-liquidation mechanism using Curve's AMM. crvUSD can be minted against ETH, stETH, WBTC, wstETH, and other assets, with a current supply of $300–600 million.
Who Created crvUSD?
crvUSD was created by Curve Finance DAO and launched in 2023. It is a Crypto-Collateralized stablecoin designed to maintain a stable value pegged to the US dollar.
Key Features
- +LLAMMA mechanism provides soft liquidation instead of sudden collateral seizure
- +Issued by Curve Finance — the most trusted AMM in DeFi by TVL for stablecoin liquidity
- +Dynamic interest rates managed by on-chain Monetary Policy controller
- +Deep native integration with Curve pools for crvUSD liquidity
- +Battle-tested Curve infrastructure underlying the protocol
- +De-liquidation mechanism allows borrowers to recover collateral when prices recover
Where to Use crvUSD
crvUSD is available on Ethereum, Arbitrum, Optimism and 1 other networks. You can use it on centralized exchanges for trading, in DeFi protocols for lending and borrowing, or as a stable store of value to park funds between trades.
Official website: https://crvusd.curve.fi