CRVUSD offers stable value pegged to USD with unique LLAMMA algorithm for lending. More
| Fully Diluted Valuation | $131.71M |
|---|---|
| 24H Trading Volume | $19.71M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 131.74 M |
| Total Supply | 131.74 M |
| Max Supply | 0.00 |
| Categories | Stablecoins 11 more |
|---|---|
| Founder | Michael Egorov |
| Website | curve.fi 1 more |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 8 more |
| Explorer | Binplorer 9 more |
| Contracts |
0xf93....c1b4e
8 more
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| Name | Pair | OG Score |
|---|
CRVUSD (CRVUSD): A Stablecoin with Unique Lending Features
CRVUSD is a stablecoin, aiming to peg its value to the US dollar. It can be used for various purposes on the Curve DeFi platform, such as lending, borrowing, and earning interest. CRVUSD (CRVUSD) was founded in 2020 by Michael Egorov, offering a stablecoin pegged to the US dollar.
LLAMMA Algorithm
One of the unique features of CRVUSD is its use of the Lending-Liquidating AMM Algorithm (LLAMMA). This algorithm functions similarly to a collateralized-debt-position (CDP) stablecoin. Users deposit collateral (initially likely ETH) to borrow CRVUSD. LLAMMA differs from traditional CDP systems by not relying on abrupt full collateral liquidation during price drops. Instead, it implements a system of partial liquidations based on specific price bands. This means that as the price of the collateral fluctuates, portions of the collateral are automatically sold to maintain the peg between CRVUSD and the US dollar.
Advantages of LLAMMA
LLAMMA offers several advantages:
Reduced Risk: Partial liquidations minimize the risk of borrowers facing a sudden and potentially devastating complete loss of their collateral.
Increased Trading Activity: The constant rebalancing by LLAMMA can lead to more frequent trading, potentially generating additional fees for Curve.
Conclusion
CRVUSD, with its unique LLAMMA algorithm, is designed to create a more stable and efficient system for borrowing and lending CRVUSD on the Curve DeFi platform. As the project continues to develop, its innovative approach may set a new standard for stablecoin lending mechanisms in the cryptocurrency space.
CRVUSD offers a stable value pegged to the USD with the unique LLAMMA algorithm for lending, ensuring stability and efficiency in borrowing and lending.
CRVUSD was founded in 2020 by Michael Egorov, establishing a solid foundation for its development and growth.
You can buy crvUSD (CRVUSD) on Uniswap V3 (Ethereum), Uniswap V3 (Polygon), Balancer V2 (Gnosis), Curve (Ethereum)Curve (Optimism) cryptocurrency exchanges.
