crvUSD token
Overview
crvUSD is a decentralized overcollateralized stablecoin issued by Curve Finance, pegged to the US dollar. It is minted through a borrowing mechanism that uses a unique automated market maker called LLAMMA (Lending-Liquidating AMM) to manage liquidation risk. The stablecoin is used within the Curve ecosystem for trading, lending, and as a stable asset.
Within the DeFi Intel graph, crvUSD connects to 21 tracked entities, most strongly to Ethereum, Arbitrum, Base.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
deployed_on | Polygon | 95% |
deployed_on | BSC | 95% |
deployed_on | zkSync Era | 95% |
deployed_on | Gnosis | 95% |
deployed_on | OP Mainnet | 95% |
deployed_on | Ethereum | 95% |
issued_by | Curve Finance | 95% |
Frequently asked questions
What is crvUSD?
crvUSD is a stablecoin launched by Curve Finance, designed to maintain a 1:1 peg to the US dollar through an overcollateralized borrowing system.
How does crvUSD maintain its peg?
crvUSD relies on a combination of overcollateralization, dynamic interest rates, and a novel liquidation mechanism called LLAMMA that continuously adjusts collateral positions to stabilize the peg.
How is crvUSD different from other decentralized stablecoins?
crvUSD uses a unique LLAMMA liquidation system that avoids sudden liquidations and aims for more capital-efficient collateral management compared to traditional models like MakerDAO's DAI.
What is crvUSD connected to?
In the DeFi Intel knowledge graph, crvUSD is linked to 21 other tracked entities, most strongly to Ethereum, Arbitrum, Base.
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