Documentation Overview
Curve is a decentralized exchange (DEX) and automated market maker (AMM) on Ethereum and EVM-compatible sidechains/L2s, designed for the efficient trading of stablecoins and volatile assets.
Additionally, Curve has launched its own stablecoin, crvUSD, and Curve Lending, both featuring a unique liquidation mechanism known as LLAMMA.
This documentation outlines the technical implementation of the core Curve protocol and related smart contracts. It may be useful for contributors to the Curve codebase, third-party integrators, or technically proficient users of the protocol.
Non-technical users might prefer the Resources site as it offers more general insights and information.
CRV & GovernanceCore smart contracts include the Curve DAO Token, governance infrastructure governed by vote-escrowed CRV, mechanisms for fee collection and distribution, gauges, and many other components.
Gauges & EmissionsSystem of liquidity gauges and the GaugeController that directs CRV inflation to liquidity providers based on veCRV votes.
Curve AMMImplementation of StableSwap and CryptoSwap algorithms into on-chain exchange contracts, including Stableswap-NG, Twocrypto-NG, Tricrypto-NG, pool factories and routers.
crvUSDOver-collateralized USD stablecoin powered by a unique liquidating algorithm (LLAMMA), which progressively converts the put-up collateral token into crvUSD when the loan health decreases to certain thresholds.
Savings crvUSD (scrvUSD)Savings version of crvUSD. An ERC-4626 compliant Vault that earns yield from crvUSD interest fees, with cross-chain oracle support.
LlamalendPermissionless lending markets to borrow or lend crvUSD against any asset with a proper oracle. Powered by Curve's unique liquidation algorithm, LLAMMA.
FeesFee collection, distribution, and burning architecture including the FeeCollector, FeeSplitter, FeeDistributor, and CowSwapBurner.
IntegrationSection targeted at integrators covering contracts like AddressProvider, MetaRegistry, and the public Curve API.