Curve Finance published the code and whitepaper of its stabelcoin
Time:2022-11-22 11:19 Source:InternetCopy share
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.