Curve: crvUSD lending liquidation AMM algorithm Llamalend is expected to be released in the coming days

ChainCatcher news, Curve Finance recently stated on the X platform that the one-way lending market based on crvUSD is ready and awaiting contract audit. The two-way lending market (where collateral can be borrowed) is also basically ready, with contract writing completed and testing underway. Today, Curve Finance released an update based on the above announcement, stating that there are only a few days left until Llamalend launches, and once the auditor agrees, the product testing will be deployed ahead of the UI.

According to the GitHub document released by Curve founder Michael Egorov, the Curve stablecoin crvUSD uses LL AMM a for soft liquidation (code in AMM.vy). However, this AMM allows for any token pair. This code creates a lending market to borrow crvUSD with any token, or to borrow any token with crvUSD in isolation mode. First, a "simple" non-recollateralized market will be created, followed by cross-market, where the provided collateral is borrowed to serve as lending liquidity while earning some annual interest rate.