crvUSD
Curve USDcrvUSD stablecoin
Curve Finance's CDP-issued stablecoin, collateralised by ETH, wstETH, sfrxETH, WBTC, and tBTC, using a soft-liquidation algorithm (LLAMMA).
crvUSD's defining mechanism is LLAMMA, which gradually rebalances collateral into crvUSD as price falls toward liquidation, smoothing the cliff a traditional Liquidation creates. Live since 2023; backed by transparent on-chain collateral.
See on StableLens
/stablecoins/CRVUSD — live data, risk grade, and methodology citation.
Related terms
- CurveThe largest stablecoin-focused AMM, optimised for low-slippage swaps between like-kind assets.
- CDP (collateralised debt position)A user-opened debt position backed by crypto collateral — the issuance mechanism for DAI, LUSD, GHO, crvUSD.
- Over-collateralisationBacking debt with collateral worth more than the debt itself — the standard for permissionless CDP stablecoins.
- LUSDLiquity's minimally-governed CDP stablecoin, ETH-collateralised, with a 110% min ratio and a stability-pool liquidation mechanism.