Curve Finance, a decentralized exchange (DEX) and liquidity pool protocol, has announced that its native stablecoin, crvUSD, has successfully deployed smart contracts on the Ethereum main network. This deployment marks a significant milestone for the platform and the wider DeFi ecosystem.
The Founder of Curve Finance, Michael Egorov, recently executed the crvUSD’s first loan worth $1M, according to etherscan.io/token/0x95ecdc. However, the user interface (UI) for crvUSD has not yet been deployed, and the token is currently inaccessible to the public.
Smart Contract Deployment on Mainnet
Curve Finance is a decentralized platform that enables users to trade stablecoins with low fees and slippage. The platform operates by using automated market makers (AMMs) that maintain a pool of liquidity for different assets. crvUSD is the native stablecoin of Curve Finance and is pegged to the US dollar.