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?
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Information
Exploit/Hacks
None
- Documentation
- Auditors
- [MixBytes](https://github.com/mixbytes/audits_public/blob/master/Curve%20Finance/Curve%20Stablecoin%20(crvUSD)
- Audits
- Please see our FAQ on experienced auditors
Info
- Website
- Token: CRV
- Tags: CDP
Key Metrics
- TVL: $146.8M (Rank #77)
- TVL Ranking by CDP: #5
- Blockchain: Ethereum
- Chain TVL
- Ethereum: $146.77M
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
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