Crvusd protocol
Overview
crvUSD is a decentralized stablecoin issued by Curve Finance, pegged to the US dollar. It is minted through overcollateralized loans using a custom lending-AMM mechanism called LLAMMA. The stablecoin is designed to be used within the Curve ecosystem and DeFi protocols.
Within the DeFi Intel graph, Crvusd connects to 2 tracked entities, most strongly to Curve Finance, Ethereum.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | Curve Finance | 95% |
deployed_on | Ethereum | 85% |
Frequently asked questions
What is Crvusd?
crvUSD is a decentralized stablecoin issued by the Curve Finance protocol, pegged 1:1 to the US dollar. It is created by depositing collateral into smart contracts that manage loans and liquidations.
How does crvUSD maintain its peg?
crvUSD maintains its peg through overcollateralization and a dynamic liquidation mechanism called LLAMMA, which automatically adjusts positions based on market conditions to reduce liquidation losses and stabilize the peg.
What is LLAMMA?
LLAMMA (Lending-Liquidating Automated Market Maker) is the mechanism used by crvUSD to manage collateralized loans. It integrates lending and an AMM to automatically adjust collateral ratios and execute smooth liquidations instead of hard liquidations.
What is Crvusd connected to?
In the DeFi Intel knowledge graph, Crvusd is linked to 2 other tracked entities, most strongly to Curve Finance, Ethereum.
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