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Curve Finance is a decentralized exchange (DEX) that specializes in stablecoins. The protocol allows users to swap between different stablecoins with low fees and high liquidity. In May 2023, Curve Finance launched its own dollar-pegged stablecoin called crvUSD which is backed by a selection of crypto-tokenized collaterals approved by the Curve DAO. The system passively manages positions, automatically initiating a "soft liquidation mode" when the collateral's price declines, and recovering the collateral when the price rises.
crvUSD contract - 0xf939e0a03fb07f59a73314e73794be0e57ac1b4e | LLAMMA contracts - 0x136e783846ef68c8bd00a3369f787df8d683a696 & 0x37417b2238aa52d0dd2d6252d989e728e8f706e4