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Curve USD
CDP
Curve USD is a collateralized debt position (CDP) stablecoin issued by Curve that is pegged to the US dollar.
Risk Rating
Good
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Curve USD?
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: CRV
- Tags: CDP
Key Metrics
- TVL: $235.2M (Rank #84)
- TVL Ranking by CDP: #4
- Blockchain: Ethereum
- Chain TVL
- Ethereum: $235.19M
Risk Assessment
Good
Protocol Code Quality
- Code reviewed by several experienced auditors; MixBytes and ChainSecurity
- Public team promotes accountability
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 1% by total value locked reduces risk
- Core contracts require on-chain voting for parameter updates
- Low voting power concentration reduces risk
Protocol Design
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Solid controls in place to prevent risky borrowing
- Solid mechanisms in place to ensure healthy liquidations
- Basic method to accrue protocol reserves
- crvUSD is Curve's over-collateralized stablecoin, designed to maintain a stable value through an automated liquidation mechanism.
Things to know about Curve USD
Curve USD Pools
