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2023 1
January 1
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From Uniswap v3 to crvUSD LLAMMA
The most difficult part of Curve's stablecoin design is LLAMMA, an AMM for continuous liquidation and deliquidation. LLAMMA builds on some of the principles behind Uniswap v3, but the price definitions in the Curve whitepaper differ from those used in the Uniswap v3 whitepaper. This article unifies the two frameworks and explains the intuition behind the algorithm.