Curve: crvUSD loan clearing AMM algorithm Llamalend expected to be released in the coming days
January 27th, 2024

Curve Finance recently stated on the . Today, Curve Finance issued an update based on the above announcement, saying that there are still a few days until Llamalend is released, and once the auditor agrees, product testing earlier than the UI will be deployed.

According to Github documents posted by Curve founder Michael Egorov, Curve stablecoin crvUSD uses LLAMMa for soft liquidation (code in AMM.vy). However, this AMM is allowed for any token pair. This code creates a lending market to borrow crvUSD in any token, or borrow any token in crvUSD in isolation mode. First, a “simple” non-rehypothecation market will be created, then a cross-market, where the collateral provided is lent out for borrowing liquidity while earning some annual interest rate.

According to previous introductions, crvUSD will rely on a novel algorithm called Lending and Liquidation AMM (LLAMMA), which will strive to continuously liquidate and sell deposited collateral to better manage potential collateral risks.

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