crvUSD · interactive mechanism simulation

An oracle price feed drives LLAMMA's price bands: as price falls through a borrower's range, arbitrageurs continuously convert collateral into crvUSD (and back on the way up) instead of a one-shot liquidation. PegKeepers lean against any peg drift.
Oracle ETH $2000 Arbitrageurs trade the AMM band PegKeeper peg $1.000 Bad debt $0 unpaid LLAMMA price bands (collateral vault)
Oracle price
$2,000
Collateral in crvUSD
0%
Borrower health
100%
Bad debt
$0
Parameters — edit me
3
10
20%
120
Controls

Illustrative simulation. Models LLAMMA's soft-liquidation band AMM and PegKeeper peg defense; the crash button illustrates the June 2024 scenario where a collateral position larger than market depth generated bad debt even with continuous rebalancing. Prices, bands, and debt are simplified and randomized for visualization — not live onchain data. Part of The Onchain Experiment Atlas.