The news is being updated
Following the launch of the crvUSD decentralized stablecoin on the Ethereum mainnet, the Curve Finance team announced the need to redeploy the smart contract.
After some peer-review of deployments, it was found that current version of crvUSD needs a redeployment which will follow shortly today [veCRV wouldn’t get fees with this one, due to a mistake in deployment script]
— Curve Finance (@CurveFinance) May 4, 2023
The discovered bug prevented Curve (veCRV) voting token holders from receiving rewards from stablecoin liquidity pools.
The developers have promised to fix the bug “today soon.”
The stablecoin is built on the Lending-Liquidating AMM (LLAMMA) algorithm, which continuously liquidates and automatically deposits collateral to manage risk and maintain parity with the US national currency.
According to the data DeFi Llamaonly $6,788 is locked in the contract at the time of writing.
After the first launch, Curve Finance stated that the rollout was not yet fully completed. In the future, developers will add a user interface.
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