Compare
Four documents, the same five questions.
No throughput league table and no yield. The cells are what this library is willing to say about the text.
| Question | Curve stablecoin design |
|---|---|
| What the text proposes | A stablecoin lent against volatile collateral, where liquidation is a continuous trade into a special pool rather than a one-shot auction. The paper calls that pool LLAMMA. A peg keeper and a monetary-policy rate sit beside it. Simulations in the paper are not a promise about later losses. |
| Who may write | Michael Egorov |
| What is settled | LLAMMA: collateral sits in a range of AMM bands and is traded as an external price moves. |
| Load-bearing assumption | Soft liquidation can still lose value. The paper argues the loss is smaller in its simulation. It does not set that loss to zero. |
| What this library says afterwards | The stablecoin is a mechanism claim, not a claim on dollars in a bank. |
| Rights | Official external source only |