Curve Finance is about to launch a stablecoin pegged to the US dollar

Article Reading Time:
1 min.

The developers of the popular stablecoin exchange platform Curve Finance have laid out a code library for smart contracts for the future stablecoin crvUSD.

Curve Finance is one step closer to launchown stablecoin crvUSD. The developers have made the source code of the stablecoin blockchain publicly available on GitHub. The code library provides an interface for the yet-to-be-deployed crvUSD smart contracts.

The developers keep detailed information aboutproject in secret. According to developer documents, Curve “uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage.”

Investors on Curve receive annual income of up to4% from one of the many pools with over 5 billion worth of Ethereum-based tokens. Curve (CRV) tokens are issued as revenue rewards to liquidity providers on Curve Finance and can be converted into escrowed CRV (veCRV).

Owning veCRV enables usersparticipate in the management of the platform, receive higher rewards and commissions, as well as airdrops. The launch of crvUSD pegged to the US dollar first became known in July. Curve founder Mikhail Egorov confirmed in August that the release of stablecoins was possible in September.

Let us remind you that in 2021 the protocol developersDeFi Curve Finance implemented a new operating model in the USDT/wETH/wBTC pool, which allowed users to achieve greater liquidity in the pool of volatile crypto assets.