crvUSDPrice(CRVUSD)
Details crvUSD (CRVUSD) Price information (USD)
The current real-time price of CRVUSD is $0.9962. In the past 24 hours, CRVUSD has traded between $0.9917 and $1.003, showing strong market activity. The all-time high of CRVUSD is $1.11, and the all-time low is $0.9490.
From a short-term perspective, the price change of CRVUSD over the past 1 hour is
crvUSD (CRVUSD) Market Information
crvUSD (CRVUSD) Today's Price
The live price of CRVUSD today is $0.9962, with a current market cap of $263.911M. The 24-hour trading volume is 13M. The price of CRVUSD to USD is updated in real time.
crvUSD (CRVUSD) Price History (USD)
What is CRVUSD (CRVUSD)?
When is the right time to buy CRVUSD? Should I buy or sell CRVUSD now?
Before deciding whether to buy or sell CRVUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CRVUSD technical analysis can provide you with trading references.
Future price trend of CRVUSD
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CRVUSD.
How much will CRVUSD be worth tomorrow, next week, or next month in ? What about your CRVUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CRVUSD Price Prediction
How to buy CRVUSD (CRVUSD)
Convert CRVUSD to local currency
CRVUSD Resources
To learn more about CRVUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
Official CRVUSD website
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x370a...d100c0  | 615.563M | 29.37% |
ethereum | 0xa920...219635 | 197.953M | 9.44% |
ethereum | 0x4e59...f15c67 | 189.739M | 9.05% |
ethereum | 0x100d...f4c6ce | 148.353M | 7.08% |
ethereum | 0xfb72...1ef9f3 | 132.490M | 6.32% |
Other | 811.826M | 38.73% |
Hot Events
CRVUSD (CRVUSD) FAQ
crvUSD is a dollar-pegged stablecoin. How does this project function, and what is the primary mechanism for its creation and usage?
crvUSD is a stablecoin designed to maintain a value equivalent to one US dollar. Users can mint crvUSD by depositing approved cryptocurrency collateral into the protocol. This process essentially allows individuals to take out a loan in crvUSD against their crypto assets, enabling them to access stable value while retaining exposure to their underlying collateral. The collateral types are determined by governance.
Maintaining a stable value is critical for any stablecoin. What are the core mechanisms employed by crvUSD to ensure its peg to the US dollar remains consistent?
The crvUSD peg is primarily upheld through overcollateralization, meaning the value of deposited collateral exceeds the amount of crvUSD minted. It also utilizes dynamic stabilization mechanisms, including automatically adjusting borrow rates based on supply and demand. Additionally, 'Peg Keepers' play a crucial role by algorithmically minting or burning crvUSD to counter market imbalances, ensuring the stablecoin's value aligns with the dollar.
Unlike many debt-based stablecoins, crvUSD features a distinct approach to managing collateral during market downturns. What specific mechanism does crvUSD employ for liquidation that sets it apart?
crvUSD employs an innovative liquidation system called LLAMMA (Lending-Liquidating AMM Algorithm). Instead of an instant, full liquidation at a single price point, LLAMMA gradually converts a user's collateral into crvUSD across a smooth range of prices as the collateral's value drops. This unique method aims to significantly reduce liquidation risk and limit potential losses for borrowers to a small percentage, rather than total loss of their collateral.
Given crvUSD's unique liquidation mechanism, how should users understand their exposure to liquidation, and is there a definitive 'liquidation price' as seen in other systems?
With crvUSD, there isn't a single, precise liquidation price as found in traditional systems. Instead, your collateral is deposited across a range of prices within the LLAMMA mechanism. If the price of your collateral falls within this pre-defined range, the gradual conversion of your collateral into crvUSD begins. This design provides a smoother, less abrupt liquidation experience, aiming to mitigate sudden and severe losses.
To mint crvUSD, specific digital assets are required as collateral. What assets are currently accepted, and what is the process for introducing and approving new types of collateral within the protocol?
Initially, Ethereum (ETH) was a primary collateral asset approved for minting crvUSD, with plans for the protocol to support a wider range of crypto assets over time. The introduction and approval of new collateral types are managed through the protocol's decentralized governance. Proposals for new collateral markets must be submitted and subsequently voted on by the DAO (Decentralized Autonomous Organization) members, ensuring community consensus on accepted assets.
As with any decentralized finance protocol, crvUSD carries inherent risks. What are the primary concerns users should be aware of when interacting with the crvUSD stablecoin and its associated mechanisms?
Key risks for crvUSD users include potential smart contract vulnerabilities, which could lead to exploits or loss of funds. Economic exploits, where market manipulation or unforeseen interactions within the protocol could impact stability, are also a concern. Furthermore, the inherent risks associated with all decentralized finance (DeFi) protocols, such as oracle failures or broader market volatility, apply to crvUSD. Users engaging in staking crvUSD should also be aware of the mechanism where their crvUSD balance may decrease while collateral balance increases during liquidation events.
