> For the complete documentation index, see [llms.txt](https://docs.lif3.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lif3.com/l3usd/about.md).

# About

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## L3USD and Curve Finance

### L3USD is a new type of stable asset that is designed to be variably collateralized and range around $1 value. Its liquidity is backed by Curve Pools and other stable assets, making it a secure investment option for those looking for stability in the volatile cryptocurrency market.

● Curve Finance is an AMM protocol designed for low-fee stablecoin swapping.&#x20;

● It provides high volume stablecoin trades with low slippage and tight spreads.&#x20;

● DeFi users can arbitrage, trade, or provide liquidity to earn fees on L3USD pools.

## Unlock Borrowing with L3USD

● L3USD will offer a way to unlock capital with cryptocurrency assets.&#x20;

● It will allow users to mint L3USD as a stable asset against their decentralized token collateral.&#x20;

● Offering overcollateralized smart contract loans allow L3USD to always be fully backed by the value of the deposited collateral.&#x20;

● All of this will be carried out on a fully decentralized platform where only the user will be able to control their funds.

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