stablecoin collateral asset
crvUSD
Curve crvUSD is tracked as collateral exposure with issuer, redemption, deployment, and dependency assumptions separated from protocol-level findings.
partialmedium
Exposure
$620.0M
Mapped usage across reviewed markets.
Deployments
2
Ethereum
Controls
4
Issuer, admin, wrapper, and redemption controls.
Market usage
1
Protocol markets referencing this asset.
Asset facts
Typed fields that define the asset risk surface.
NameCurve crvUSD
IssuerCurve Finance
Typestablecoin
Canonical chainEthereum
BackingOvercollateralized stablecoin minted against Curve lending collateral.
RedemptionPeg and exit quality depend on Curve LLAMMA markets, liquidations, and external liquidity.
Review statuspartial
Deployments
Canonical chain and cross-chain deployment footprint.
| Chain | Role | Settlement | L2 stage |
|---|---|---|---|
| Ethereum | canonical | Ethereum L1 | Not applicable |
| Arbitrum One | deployment | Ethereum L1 | Stage 1 |
Protocol market exposure
Markets where this asset is accepted as collateral.
| Protocol | Market | Chain | LTV | Liquidation | Supply cap | Borrow cap | Utilization |
|---|---|---|---|---|---|---|---|
| Curve | Stablecoin pools | Ethereum | 0% | 0% | $1.90B | $0 | 52.0% |
Risk findings
Asset-level assumptions with explicit evidence and outcome text.
| Severity | Dimension | Finding | Outcome | Evidence | Sources |
|---|---|---|---|---|---|
| medium | liquidity liquidation | Liquidation design is core backing assumption | Liquidations can fail. | crvUSD stability relies on Curve's liquidation and pool-liquidity design. |
Dependency edges
Issuer, wrapper, backing, bridge, oracle, and protocol paths touching this asset.
| Severity | Direction | Edge type | Dependency path | Analyst label |
|---|---|---|---|---|
| medium | outbound | settles on | crvUSD -> Arbitrum One | crvUSD deployment inherits Arbitrum One chain assumptions |
| medium | outbound | depends on | crvUSD -> Curve | crvUSD depends on Curve liquidation and liquidity infrastructure |
| low | outbound | settles on | crvUSD -> Ethereum | crvUSD deployment inherits Ethereum chain assumptions |
| low | inbound | accepts collateral | Curve -> crvUSD | Curve Stablecoin pools accepts crvUSD as collateral or core liquidity |
Blast radius
Highest-severity mapped paths that could propagate asset risk.
| Severity | Direction | Edge type | Dependency path | Analyst label |
|---|---|---|---|---|
| medium | outbound | settles on | crvUSD -> Arbitrum One | crvUSD deployment inherits Arbitrum One chain assumptions |
| medium | outbound | depends on | crvUSD -> Curve | crvUSD depends on Curve liquidation and liquidity infrastructure |
| low | outbound | settles on | crvUSD -> Ethereum | crvUSD deployment inherits Ethereum chain assumptions |
| low | inbound | accepts collateral | Curve -> crvUSD | Curve Stablecoin pools accepts crvUSD as collateral or core liquidity |