Curve Finance, the largest decentralized exchange in DeFi, has launched a new stablecoin called crvUSD, which aims to provide an alternative to centrally-controlled stablecoins like Tether's USDT and Circle's USDC. The stablecoin works similarly to Maker's DAI but introduces a new way to handle insolvent positions, which should help reduce volatility in the crypto market. The stablecoin uses a mechanism called the Lending-Liquidating AMM Algorithm (LLAMMA), which gradually converts collateral over time instead of liquidating it all at once when a certain level is reached. However, the stablecoin's scalability remains a challenge, and the developers are limiting collateral types and market sizes initially as part of their careful approach.

Currently, the combined TVL across all defi platforms stands at $49.31 billion as of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday.

Curve Finance, a decentralized exchange, has reportedly launched the CRVUSD stablecoin on the Ethereum mainnet. The stablecoin is designed to be pegged to the US dollar, with each CRVUSD token backed by a corresponding US dollar held in reserve. The launch of CRVUSD on the Ethereum mainnet is seen as a significant step towards increasing the adoption of stablecoins in the decentralized finance (DeFi) space. Stablecoins provide users with a stable store of value that can be used to facilitate transactions on blockchain networks, and their popularity has been growing rapidly in recent years. The move by Curve Finance is expected to drive further innovation in the DeFi space and increase the accessibility of stablecoins to a wider audience.

Trading volumes on centralized crypto exchanges have fallen in April for the first time in three months, according to blockchain data provider Kaiko.

Decentralized finance (DeFi) protocol Curve Finance has launched its native algorithmic U.S. dollar-pegged stablecoin, dubbed “crvUSD” on the Ethereum mainnet — minting more than $22 million worth of the crvUSD so far.

Decentralized finance (DeFi) protocol Curve Finance deployed its highly anticipated native stablecoin called crvUSD on the Ethereum mainnet Wednesday afternoon.

Nansen takes a look at how DeFi has performed and highlights interesting statistics about DeFi.

The largest decentralized stablecoin exchange Curve Finance will deploy on zkSync's mainnet, marking its first deployment on a new technology for Ethereum scaling and privacy called a ZK-rollup.