Research corpus Credit and stable valueBLC-STUDY-0107

Curve stablecoin design

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.

Official external source only
Design paper
Official source

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Record

Authors: Michael Egorov
Date: 2022
Publisher: Michael Egorov
Version: Source cited by the 2022 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0107
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

Where to read

Official source — Curve Finance, 2022
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

The study separates the text from later network behaviour. This bibliographic page does not repeat that essay.

Relationships

Canonical readingcrvUSD design study
Related paperMaker
Related paperLiquity
Related paperCurve

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Egorov, M. (2022). Curve stablecoin design. Michael Egorov. https://docs.curve.finance/pdf/whitepapers/whitepaper_curve_stablecoin.pdf

BibTeX

@techreport{curvestablecoin2022,
  title = {Curve stablecoin design},
  author = {Michael Egorov},
  year = {2022},
  institution = {Michael Egorov},
  url = {https://docs.curve.finance/pdf/whitepapers/whitepaper_curve_stablecoin.pdf},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/curve-stablecoin}
}

RIS

TY  - RPRT
TI  - Curve stablecoin design
AU  - Michael Egorov
PY  - 2022
PB  - Michael Egorov
UR  - https://docs.curve.finance/pdf/whitepapers/whitepaper_curve_stablecoin.pdf
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0107",
    "title": "Curve stablecoin design",
    "author": [
      {
        "literal": "Michael Egorov"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2022
        ]
      ]
    },
    "publisher": "Michael Egorov",
    "URL": "https://docs.curve.finance/pdf/whitepapers/whitepaper_curve_stablecoin.pdf",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

JSON BibTeX file RIS file CSL-JSON

Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections