Curve Finance published the code and whitepaper of its stabelcoin

time:2022-11-22 11:19 source:Internet

Curve Finance published the code and whitepaper of its crvUSD steiblocoin.According to the technical documentation, crvUSD will operate similarly to the DAI stablecoin and will be backed by crypto-assets.Users will be able to mint the coin by contributing excess collateral in the form of credit.Stablecoin will also run on a new Lending-Liquidating AMM (LLAMMA) algorithm, which will constantly liquidate and sell deposited collateral to better manage potential risk.
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