SEPOY.net
No Result
View All Result
Sunday, July 20, 2025
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Crypto

crvUSD: Curve’s new stablecoin has been deployed on Ethereum (ETH)

Nicholas by Nicholas
May 4, 2023
in Crypto
0
crvUSD: Curve’s new stablecoin has been deployed on Ethereum (ETH)

Announced last November, Curve’s new stablecoin (CRV) is now rolling out on Ethereum (ETH). Called crvUSD, a look back at this innovatively functioning asset.

READ ALSO

Donald Trump signs the Genius Act on Stablecoins-The 1st Crypto law is voted in the United States

Airdrop Farming: 30,000 discovered phones used to raise cryptos

https://cryptoast.fr/feed/

crvUSD : le nouveau stablecoin de Curve a été déployé sur Ethereum (ETH)

Curve’s stablecoin is now launched

Announced for a few months now, Curve’s brand new stablecoin has just arrived on Ethereum (ETH).

As the Curve teams explained, not everything is finalized yet, only the smart contract is live and the user interface has yet to be published:

As many figured – deployment of crvUSD smart contracts has happened!

This is not finalized yet because UI also needs to be deployed. Stay tuned!

— Curve Finance (@CurveFinance) May 3, 2023

Nevertheless, the first transactions have already taken placeas we can see on Etherscan:

Transactions on the crvUSD smart contract

Figure 1 — Transactions on the crvUSD smart contract

When writing these lines, we could see that more than ten transactions had been made. Among them, there are additions of liquidity, and even position openings to borrow crvUSDas with this transaction with a collateral posting of $1.8 million:

Borrowing one million crvUSD against Staked Frax Ether

Figure 2 — Borrowing one million crvUSD against Staked Frax Ether

👉 To go further — Trade in a decentralized way thanks to the dYdX platform

Trade on the leading DEX

⛓️ A platform at the heart of DeFi

toaster icon

🎧 Listen to this article and all other crypto news on Spotify

The innovative way crvUSD works

Like other decentralized stablecoins like MakerDAO’s Dai, or Aave’s GHO still in testnet, Curve’s crvUSD is based on a lending and borrowing model.

Thus, it is about over-collateralize its position to acquire this stablecoin : for example by depositing 2,000 dollars of guarantee to borrow 1,000.

Where crvUSD is innovative is in its liquidation algorithm. Indeed, while the main decentralized debt markets will liquidate positions when the latter is no longer sufficiently collateralised, the stablecoin’s LLAMMA module offers an optimized version of this liquidation.

To use the example from earlier, let’s say an investor deposits $2,000 of ETH to borrow $1,000 of crvUSD. With a classic model, this investor would start being liquidated if ETH lost more than 50% of its value.

With LLAMMA, this position in ETH will be gradually converted into stablecoins as the price of the asset decreases. Conversely, these stablecoins will be changed back to ETH if its price rises again. This operation should thus make it possible to withstand greater market volatility, thus reducing the risk of capital loss.

With $4.4 billion in cash deposited on the protocol, Curve is largest decentralized exchange by TVL. As such, it will be interesting to watch the adoption of its new stablecoin. Over the past 24 hours, the CRV has shown a little more than 5% increase.

👉 Also in the news — Security: Meta malware alert riding on ChatGPT popularity

Our service dedicated to cryptocurrency investors. Get real-time analytics and optimize your crypto portfolio.

toaster icon

Source: crvUSD Whitepaper

Newsletter 🍞

Receive a summary of crypto news every Monday by email 👌

What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of this savings. Do not invest if you are not ready to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

author profile picture

I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.

Vincent Mayor

628 items


Related Posts

Donald Trump signs the Genius Act on Stablecoins-The 1st Crypto law is voted in the United States
Crypto

Donald Trump signs the Genius Act on Stablecoins-The 1st Crypto law is voted in the United States

July 19, 2025
Airdrop Farming: 30,000 discovered phones used to raise cryptos
Crypto

Airdrop Farming: 30,000 discovered phones used to raise cryptos

July 19, 2025
押収暗号資産を巡る NCA 職員の不正行為と Chainalysis の分析
Crypto

押収暗号資産を巡る NCA 職員の不正行為と Chainalysis の分析

July 19, 2025
2025 年上半期暗号資産犯罪動向速報:北朝鮮による盗難資金が過去最大規模に
Crypto

2025 年上半期暗号資産犯罪動向速報:北朝鮮による盗難資金が過去最大規模に

July 19, 2025
Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance
Crypto

Chainalysis POV: What the Genius and Clarity Act Bills Really Mean for Crypto Compliance

July 18, 2025
How to migrate your cryptos on another blockchain with a bridge?
Crypto

How to migrate your cryptos on another blockchain with a bridge?

July 18, 2025
Next Post
CRU GROUP Expansion Strategy Continues with Addition of newest Team Members

CRU GROUP Expansion Strategy Continues with Addition of newest Team Members

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: hello@sepoy.net

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • Fruits Beverage Video slot Enjoy 100 percent free Igrosoft Harbors 2025
  • The best fifty 100 percent free Spins No-deposit street magic play slot Extra in the 2025
  • Better Mobile Poker Programs the real deal Cash on ios & casino vegas world free chip Android in the 2025

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net