Market Data & Token Stats
| Fully Diluted Valuation | $333.49M |
|---|---|
| 24H Trading Volume | $32.38M |
| 24H Low / High | $0.9986 / $1.00 |
| Circulating Supply | 333.89M |
| Total Supply | 333.53M |
| Max Supply | ∞ |
Key Project Information
| Categories | Decentralized Finance (DeFi) 13 more |
|---|---|
| Founder | Michael Egorov |
| Website | curve.finance Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 8 more |
| Explorer | Gnosisscan 9 more |
| Contracts |
0xf93....c1b4e
8 more
|
OGAudit Security Evaluation & Social Audit Metrics
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crvUSD (crvusd) Expert User Reviews
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$crvusd Markets
| Name | Pair | OG Score |
|---|
About crvUSD
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.
What is unique about crvUSD (CRVUSD)?
CRVUSD offers a stable value pegged to the USD with the unique LLAMMA algorithm for lending, ensuring stability and efficiency in borrowing and lending.
Who are the founders of crvUSD (CRVUSD)?
CRVUSD was founded in 2020 by Michael Egorov, establishing a solid foundation for its development and growth.
Where can I buy crvUSD (CRVUSD)?
You can buy crvUSD (CRVUSD) on Uniswap V3 (Ethereum), Curve (Ethereum), Curve (Optimism)Curve (Arbitrum) cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the crvUSD Official Website, crvUSD Whitepaper, crvUSD GitHub Repository and crvUSD X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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