> For the complete documentation index, see [llms.txt](https://help.defisaver.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.defisaver.com/protocols/curveusd.md).

# CurveUSD

CurveUSD is a CDP lending protocol with no cross-collateralization behind the $crvUSD stablecoin.

It was designed with a unique approach to price stability and liquidation resistance.

$crvUSD is a collateral-backed, decentralized stablecoin, similar to DAI, but with some unique aspects:<br>

* Instead of relying on governance-controlled minting caps, CurveUSD uses special contracts (PegKeepers) to automatically maintain its peg by incentivizing liquidity and arbitrage between Curve pools and the broader market.<br>
* Curve’s approach to managing collateral is known as LLAMMA (Lending-Liquidating AMM Algorithm). \
  \
  Instead of triggering hard liquidations when collateral falls too much (as with most protocols), LLAMMA gradually converts your collateral into USD as its value drops, and converts it back to crypto as the value recovers. This smoothes out volatility and avoids sudden liquidations.<br>
* The soft liquidation mechanism means fewer liquidation penalties for users, and more stability across markets. This is a big advantage in turbulent conditions.

***

## Related Articles:

* [Dashboard & Use-case](https://help.defisaver.com/protocols/curveusd/dashboard-and-use-case)
* [Compatibility & Automations](https://help.defisaver.com/protocols/curveusd/compatibility-and-automations)
* [Does CurveUSD charge any fees?](https://help.defisaver.com/protocols/curveusd/does-curveusd-charge-any-fees)
* [Is there a standard (hard) liquidation in CurveUSD?](https://help.defisaver.com/protocols/curveusd/is-there-a-standard-hard-liquidation-in-curveusd)


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://help.defisaver.com/protocols/curveusd.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.