🔢 DeFi｜Stablecoin Swap Pools
· What it is: Curve launched its own stablecoin, crvUSD, using a soft liquidation mechanism called LLAMMA.
· Why: The constant-product model spreads liquidity across all prices from 0 to infinity. For assets that should be exchangeable at a 1:1 ratio, most of that liquidity is effectively unnecessary.
· Reminder: Stablecoin pools carry risks too: if any stablecoin in the pool loses its peg, market makers may end up holding a lot of it.
$CRV 0.3465（-4.96%）
· What it is: Curve launched its own stablecoin, crvUSD, using a soft liquidation mechanism called LLAMMA.
· Why: The constant-product model spreads liquidity across all prices from 0 to infinity. For assets that should be exchangeable at a 1:1 ratio, most of that liquidity is effectively unnecessary.
· Reminder: Stablecoin pools carry risks too: if any stablecoin in the pool loses its peg, market makers may end up holding a lot of it.
$CRV 0.3465（-4.96%）