🔍 Introducing crvUSD

crvUSD is a collateralized-debt-position (CDP) stablecoin pegged to the US Dollar. Curve Stablecoin (crvUSD) infrastructure enables users to mint crvUSD using a selection of crypto collaterals and it’s designed to provide a more capital-efficient stablecoin mechanism and smoother liquidations, while maintaining a decentralized design which the Curve DAO governs.

The following contracts manage the nature and the stability of crvUSD:

📍 The Controller contract acts as a on-chain interface for creating loans and further managing existing positions. It holds all user debt information. Minting crvUSD is only possible with whitelised collateral by the DAO, subsequently, crvUSD is backed by the assets provided as collateral.

📍 LLAMMA (lending-liquating AMM algorithm) is the market-making contract that rebalances the collateral. This contract is responsible for liquidating and de-liquidating collateral through arbitragurs.

📍 PegKeepers are contracts that help stabilize the peg of crvUSD. Each Keeper is allocated a specific amount of crvUSD to secure the peg.

crvUSD has become quite successful within the decentralized finance landscape on Ethereum and has demonstrated good resilience in maintaining PEG. If you are a crvUSD supporter, in the Matrix section of Stablecomp you will be able to access a 12% APR yield on the USDT — crvUSD pool!

💎 Stake now: https://dapp.stablecomp.com/vaults