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## crvUSD
<br>
### tl; dr
<br>
* decentralized stablecoin issued by curve, with a novel mechanism known as lending-liquidating amm algorithm (llama)
* llama employs a kinder liquidation design that swaps a user's collateral into crvUSD as its value decreases (rather than fully liquidating a user's position in one fell swoop)
<br>
<img width="500" src="https://user-images.githubusercontent.com/126520850/227069090-b40c9400-0610-4304-b0f8-7c8ad6827ae4.png">
<br>
----
### resources
<br>
* [curve stablecoin whitepaper](https://github.com/curvefi/curve-stablecoin/blob/master/doc/curve-stablecoin.pdf?ref=bankless.ghost.io)