Curve Finance (CRV) Releases New Details About Its Upcoming Decentralized StablecoincrvUSD will use a lending-liquidating AMM algorithm, or LLAMMA, model to mitigate collateralization risks.
crvUSD will be decentralized, backed by crypto assets, and pegged to the US dollar.
The release date of crvUSD is unknown.Curve Finance (CRV), one of the longest-living decentralized exchanges built on , released on Tuesday a whitepaper that goes into detail about its upcoming stablecoin crvUSD.
According to the document, the core idea of the new decentralized stablecoin is what the founder of Curve and the author of the white paper Michael Egorov calls…
