Ethereum Mainnet لانچ سے پہلے Curve نئے Stablecoin crvUSD کی جانچ کرتا ہے۔

• Curve has deployed crvUSD smart contracts on the Ethereum Sepolia testnet.
• crvUSD will be backed by various crypto assets.
• The new stablecoin will use a novel lending-liquidating AMM algorithm.

The current bear market in the crypto industry has made multiple companies bankrupt, and stablecoins lose their pegs. These incidents have shown that the perfect stablecoin has yet to be created.

However, this might change soon as Curve, a decentralized finance platform, is preparing to launch its own decentralized stablecoin crvUSD.

Curve Tests New Stablecoin crvUSD

Curve, one of the oldest and most battle-tested وکندریقرت فنانس (DeFi) platforms, is about to launch its new stablecoin crvUSD.

The platform deployed the smart contracts for crvUSD on the Sepolia testnet on Tuesday in preparation for launch on Ethereum mainnet.

crvUSD is a decentralized stablecoin that will be pegged to the U.S. dollar and overcollateralized by various crypto assets. This approach is almost identical to how DAI, another decentralized stablecoin created by Maker, works.

However, there are specific differences between the two. crvUSD will use a lending-liquidating AMM algorithm, or LLAMMA, which works by converting between the provided collateral and the stablecoin, depending on which is higher and which is lower.

For example, if the price of the collateral in the form of ETH is high, users’ deposits are comprised solely of ETH. If the collateral depreciates, LLAMMA converts some of it to the stablecoin, helping better manage collateralization risks.

Curve is the largest مہذب تبادلہ in terms of total value locked (TVL). It currently has a TVL of $4.29 billion and is deployed on 12 different blockchains, according to اعداد و شمار DefiLlama سے

دوسری طرف

• It will be tough for crvUSD to outcompete MakerDAO’s DAI, which currently has a market capitalization of $4.71 billion.

آپ کی دیکھ بھال کیوں کرنا چاہئے

USDC and USDT, the two dominant centralized stablecoins in the market, have both depegged during the current crypto bear market. A new decentralized stablecoin might prove to be vital for the market.

Read more about Circle CEO’s thoughts on stablecoins in the U.S.:

سرکل کے سی ای او: یو ایس کو ڈی ڈالرائزیشن کا مقابلہ کرنے کے لیے سٹیبل کوائن قانون سازی کی ضرورت ہے

Read more about Polygon’s partnership with Google Cloud:

Polygon Labs ماحولیاتی نظام کی ترقی کو بڑھانے کے لیے Google Cloud کے ساتھ شراکت دار ہیں۔

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• ماخذ: https://dailycoin.com/curve-tests-new-stablecoin-crvusd-ahead-of-ethereum-mainnet-launch/