The developers of the popular stablecoin exchange platform Curve Finance have marked up a code library for smart contracts of the future crvUSD stablecoin.
Curve Finance is one step closer to launching its own crvUSD stablecoin. The developers have posted the source code of the stablecoin blockchain in the public domain on GitHub. The code library is an interface for not yet deployed crvUSD smart contracts.
The developers keep detailed information about the project secret. According to the developer documents, Curve “uses smart contracts to offer an efficient way to exchange stablecoins while maintaining low fees and low slippage.”
Investors on Curve earn up to 4% annual returns from one of the many pools of more than 5 billion Ethereum-based tokens. Curve Tokens (CRV) are issued as income rewards to liquidity providers on Curve Finance and can be converted to CRV with deposited votes (veCRV).
Owning veCRV allows users to participate in the management of the platform, receive higher rewards and commissions, as well as airdrops. The launch of crvUSD pegged to the US dollar was first announced in July. Curve founder Mikhail Egorov confirmed in August that stablecoins could be released in September.
Recall that in 2021, the developers of the Curve Finance DeFi protocol implemented a new model of work in the USDT/wETH/wBTC pool, which allowed users to achieve greater liquidity in the pool of volatile crypto assets.
Source: Bits
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