Curve Finance launches crvUSD stablecoin on Sepolia testnet

Developers of the decentralised exchange Curve Finance have deployed on the Sepolia test network the smart contracts of the decentralised stablecoin crvUSD, according to The Block.

The US dollar–pegged “stablecoin” will use an over-collateralisation model similar to DAI from MakerDAO.

The stablecoin is built on the Lending-Liquidating AMM (LLAMMA) algorithm, which continuously liquidates and automatically deposits collateral to manage risk and maintain parity with the U.S. dollar.

Curve Finance specializes in trading between stablecoins and other tokens of equal value with minimal slippage and fees.

The platform ranks fourth by TVL in DeFi Llama’s overall ranking, at $4.82 billion. Meanwhile, the platform leads among DEX.

На момент написания общая стоимость стейблкоинов на рынке составляет $128,3 млрд. На популярные «стабильные монеты» USDT и USDC приходится $82 млрд и $29 млрд соответственно.

Earlier in July 2022, crvUSD became known as part of launch preparations.