{"id":78262,"date":"2023-05-04T09:50:03","date_gmt":"2023-05-04T06:50:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78262"},"modified":"2025-09-11T04:00:05","modified_gmt":"2025-09-11T01:00:05","slug":"curve-finance-launches-crvusd-stablecoin-on-the-ethereum-mainnet","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/curve-finance-launches-crvusd-stablecoin-on-the-ethereum-mainnet\/","title":{"rendered":"Curve Finance launches crvUSD stablecoin on the Ethereum mainnet"},"content":{"rendered":"<p>The developers of the decentralised exchange Curve Finance have deployed on the Ethereum mainnet the smart contracts of the decentralised stablecoin crvUSD.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As many figured \u2014 deployment of crvUSD smart contracts has happened!<\/p>\n<p>This is not finalized yet because UI also needs to be deployed. Stay tuned!<\/p>\n<p>\u2014 Curve Finance (@CurveFinance) <a href=\"https:\/\/twitter.com\/CurveFinance\/status\/1653872243556986880?ref_src=twsrc%5Etfw\">May 3, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This is not yet finished, as the user interface also needs to be deployed. Stay tuned,&#8221; said representatives of the project.<\/p>\n<\/blockquote>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">4 May 2023 | 13:47<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Curve said that redeploying the smart contracts is needed after some peer review. In their words, the restart will take place &#8220;shortly today&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">After some peer-review of deployments, it was found that current version of crvUSD needs a redeployment which will follow shortly today [veCRV wouldn\u2019t get fees with this one, due to a mistake in deployment script]<\/p>\n<p>\u2014 Curve Finance (@CurveFinance) <a href=\"https:\/\/twitter.com\/CurveFinance\/status\/1654060060090179585?ref_src=twsrc%5Etfw\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<p>The DeFi Llama platform said that the key metrics of the new asset are already being tracked.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Now tracking <a href=\"https:\/\/twitter.com\/search?q=%24crvUSD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$crvUSD<\/a> on <a href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\">@ethereum<\/a> <\/p>\n<p>crvUSD is a collateralized-debt-position (CDP) stablecoin pegged to the US Dollar <a href=\"https:\/\/t.co\/IOfAIBtB8u\">pic.twitter.com\/IOfAIBtB8u<\/a><\/p>\n<p>\u2014 DefiLlama.com (@DefiLlama) <a href=\"https:\/\/twitter.com\/DefiLlama\/status\/1653914657776627713?ref_src=twsrc%5Etfw\">May 4, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The US dollar-pegged stablecoin from Curve Finance will use an over-collateralised model as with DAI from the project <a href=\"https:\/\/forklog.com\/en\/news\/what-are-makerdao-mkr-and-the-dai-stablecoin\">MakerDAO<\/a>.<\/p>\n<p>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 US dollar.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-is-curve\">Curve Finance<\/a> specialises in trading between stablecoins and other tokens of equal value with minimal slippage and fees.<\/p>\n<p>The platform ranks fourth by <span data-descr=\"Total Value Locked\" class=\"old_tooltip\">TVL<\/span> in the overall DeFi Llama ranking with a figure of $4.82 billion. Moreover, the platform <a href=\"https:\/\/defillama.com\/protocols\/Dexes\">leads<\/a> among <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-decentralised-exchange-dex\">DEX<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13-1024x502.png\" alt=\"DeFi-Llama-13\" class=\"wp-image-206181\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13-1024x502.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13-300x147.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13-768x376.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13-1536x752.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/DeFi-Llama-13.png 1627w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>.<\/figcaption><\/figure>\n<p>Earlier this week, Curve Finance <a href=\"https:\/\/forklog.com\/en\/news\/curve-finance-launches-crvusd-stablecoin-on-sepolia-testnet\">deployed<\/a> the crvUSD smart contracts on the Sepolia test network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Curve Finance developers deployed the crvUSD smart contracts on the Ethereum mainnet.<\/p>\n","protected":false},"author":1,"featured_media":78263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1426,807],"class_list":["post-78262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-curve-crv","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=78262"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78262\/revisions"}],"predecessor-version":[{"id":78264,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78262\/revisions\/78264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78263"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}