| General information | |
|---|---|
| Global rank: | 240 |
| Name: |
crvUSD |
| Symbol: | CRVUSD |
| Current coin price (PHP): | 56.23 ₱ |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.210 % |
| Last 7 days: | 0.610 %trending_up |
| Capitalisation (PHP): | 7 915 978 860.02 ₱ |
| Volume 24h (PHP): | 12 646 273 923.05 ₱ |
| Available supply: | 140 784 292.00 CRVUSD |
| Total coin supply: | -1 CRVUSD |
| Start date: | 2023-05-14 |
crvUSD/Philippine Peso (CRVUSD/PHP) price chart
crvUSD/Philippine Peso (CRVUSD/PHP) capitalisation and volume charts
CrvUSD (CRVUSD) is a native collateralized-debt-position (CDP) stablecoin based on Curve Finance’s Lending-Liquidating AMM Algorithm (LLAMMA). Curve Finance is a decentralized exchange that offers stablecoin yield opportunities and token swaps. It has a total value locked of around $4.97 billion, according to DeFiLlama.
CrvUSD is used as a stablecoin within the Curve Finance ecosystem. Users can mint crvUSD by posting collateral and opening a loan within the protocol. The protocol employs a number of stabilization mechanisms to fine-tune the peg, including automatically adjusting borrow rates based on supply and demand, and relying on Peg Keepers, which are authorized to burn or mint crvUSD based on market conditions.
CrvUSD was created by the team at Curve Finance, which was invented by Michael Egorov and his team of developers. The crvUSD whitepaper was released in November 2022. The project is part of the larger Curve Finance ecosystem, which seeks to optimize swaps between identically-pegged assets.