Curve Finance's Stablecoin Whitepaper Released on Github

Nov 22,2022,23:05

Curve Finance's Github page shows that the whitepaper of its stablecoin has been released.

Curve's stablecoin will be powered by Lending-Liquidating AMM Algorithm (LLAMMA), which will replace liquidations with a special-purpose AMM. Curve said that, "in this design, if someone borrows against collateral, even at liquidation threshold, and the price of collateral dips and bounces — no significant loss happen."

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