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crvUSD

Stablecoin.vy

The source code of the crvUSD contract can be found on GitHub.

crvUSD has been deployed on May, 14th 2024 on Ethereum Mainnet. Prior to the lauch, there have been several deployments for the stablecoin and its components. Please always make sure you are using the latest deployment. See deployment-logs/mainnet.log.

Since the initial deployment of crvUSD, the token was bridged to several chains, including the following:


Mint and Burn

  • crvUSD can only be minted by the minter of the contract, which is the Factory contract
  • crvUSD is minted in accordance with the debt_ceiling, either when adding a new market or when raising its debt ceiling. This is accomplished by calling the set_new_debt_ceiling function within the Factory contract.
  • Burning crvUSD typically occurs when a lower debt ceiling is set, or if a user decides to burn their crvUSD for whatever reason.

minter

crvUSD.minter() -> address: view

Getter for the minter contract.

Returns: minter (address).

<>Source code
minter: public(address)
Example
>>> crvUSD.minter()
'0xC9332fdCB1C491Dcc683bAe86Fe3cb70360738BC'

mint

crvUSD.mint(_to: address, _value: uint256) -> bool:
Guarded Method

This function is only callable by the minter of the contract, which is the Factory.

Function to mint _value amount of tokens to _to.

Returns: true (bool).

Emits: Transfer

InputTypeDescription
_toaddressAddress newly minted tokens are credited to
_valueuint256Amount of tokens to mint
<>Source code
event Transfer:
sender: indexed(address)
receiver: indexed(address)
value: uint256

@external
def mint(_to: address, _value: uint256) -> bool:
"""
@notice Mint `_value` amount of tokens to `_to`.
@dev Only callable by an account with minter privileges.
@param _to The account newly minted tokens are credited to.
@param _value The amount of tokens to mint.
"""
assert msg.sender == self.minter
assert _to not in [self, empty(address)]

self.balanceOf[_to] += _value
self.totalSupply += _value

log Transfer(empty(address), _to, _value)
return True
Example
>>> crvUSD.mint("0xec0820efafc41d8943ee8de495fc9ba8495b15cf", 10**22)
note

The mint function is only used when adding a new market or raising a market's debt ceiling. The function will revert if any EOA (Externally Owned Account) or contract other than the admin attempts to call it. Additionally, tokens cannot be minted to the minter itself or the ZERO_ADDRESS.

set_minter

crvUSD.set_minter(_minter: address):
Guarded Method

This function is only callable by the admin of the contract, which is the Factory.

Function to set the minter address of the token.

Emits: SetMinter

InputTypeDescription
_minteraddressNew minter address
<>Source code
event SetMinter:
minter: indexed(address)

minter: public(address)

@external
def set_minter(_minter: address):
assert msg.sender == self.minter

self.minter = _minter
log SetMinter(_minter)
Example
>>> crvUSD.set_minter("")
note

The function will revert if any EOA (Externally Owned Account) or contract other than the admin attempts to call this function.

burn

crvUSD.burn(_value: uint256) -> bool:

Function to burn _value amount of tokens from msg.sender.

Returns: true (bool).

Emits: Transfer

InputTypeDescription
_valueuint256Amount of tokens to burn
<>Source code
event Transfer:
sender: indexed(address)
receiver: indexed(address)
value: uint256

@external
def burn(_value: uint256) -> bool:
"""
@notice Burn `_value` amount of tokens.
@param _value The amount of tokens to burn.
"""
self._burn(msg.sender, _value)
return True

@internal
def _burn(_from: address, _value: uint256):
self.balanceOf[_from] -= _value
self.totalSupply -= _value

log Transfer(_from, empty(address), _value)
Example
>>> crvUSD.burn(10**18)
'True'

burnFrom

crvUSD.burnFrom(_from: address, _value: uint256) -> bool:

Function to burn _value amount of tokens from _from.

Returns: true (boolean).

Emits: Transfer

InputTypeDescription
_fromaddressAddress to burn tokens for
_valueuint256Amount of tokens to burn
<>Source code
event Transfer:
sender: indexed(address)
receiver: indexed(address)
value: uint256

@external
def burnFrom(_from: address, _value: uint256) -> bool:
"""
@notice Burn `_value` amount of tokens from `_from`.
@dev The caller must have previously been given an allowance by `_from`.
@param _from The account to burn the tokens from.
@param _value The amount of tokens to burn.
"""
allowance: uint256 = self.allowance[_from][msg.sender]
if allowance != max_value(uint256):
self._approve(_from, msg.sender, allowance - _value)

self._burn(_from, _value)
return True

@internal
def _burn(_from: address, _value: uint256):
self.balanceOf[_from] -= _value
self.totalSupply -= _value

log Transfer(_from, empty(address), _value)
Example
>>> crvUSD.burn("0xec0820efafc41d8943ee8de495fc9ba8495b15cf", "25000000000000000000000000")
'True'
note

The burnFrom function is called when the debt ceiling is reduced via set_debt_ceiling within the Factory.

Contract Info Methods

decimals

crvUSD.decimals() -> uint8: view

Getter for the decimals of the token.

Returns: decimals (uint8).

<>Source code
decimals: public(constant(uint8)) = 18
Example
>>> crvUSD.decimals()
18

version

crvUSD.version() -> String[8]: view

Getter for the version of the contract.

Returns: version (String[8]).

<>Source code
version: public(constant(String[8])) = "v1.0.0"
Example
>>> crvUSD.version()
'v1.0.0'

name

crvUSD.name() -> String[64]: view

Getter for the name of the token.

Returns: name (String[64]).

<>Source code
name: public(immutable(String[64]))

@external
def __init__(_name: String[64], _symbol: String[32]):
name = _name
symbol = _symbol

NAME_HASH = keccak256(_name)
CACHED_CHAIN_ID = chain.id
salt = block.prevhash
CACHED_DOMAIN_SEPARATOR = keccak256(
_abi_encode(
EIP712_TYPEHASH,
keccak256(_name),
VERSION_HASH,
chain.id,
self,
block.prevhash,
)
)

self.minter = msg.sender
log SetMinter(msg.sender)
Example
>>> crvUSD.name()
'Curve.Fi USD Stablecoin'

symbol

crvUSD.symbol() -> String[32]: view

Getter for the symbol of the token.

Returns: symbol (String[32]).

<>Source code
symbol: public(immutable(String[32]))

@external
def __init__(_name: String[64], _symbol: String[32]):
name = _name
symbol = _symbol

NAME_HASH = keccak256(_name)
CACHED_CHAIN_ID = chain.id
salt = block.prevhash
CACHED_DOMAIN_SEPARATOR = keccak256(
_abi_encode(
EIP712_TYPEHASH,
keccak256(_name),
VERSION_HASH,
chain.id,
self,
block.prevhash,
)
)

self.minter = msg.sender
log SetMinter(msg.sender)
Example
>>> crvUSD.symbol()
'crvUSD'

balanceOf

crvUSD.balanceOf(arg0: address) -> uint256: view

Getter for the crvUSD balance of address arg0.

Returns: balance (uint256).

InputTypeDescription
arg0addressAddress to check balance for
<>Source code
balanceOf: public(HashMap[address, uint256])
Example
>>> crvUSD.balanceOf("0x844Dc85EdD8492A56228D293cfEbb823EF3E10EC")
1002155725613742880120968

totalSupply

crvUSD.totalSupply() -> uint256: view

Getter for the total supply of crvUSD.

Returns: total supply (uint256).

<>Source code
totalSupply: public(uint256)
Example
>>> crvUSD.totalSupply()
260000000000000000000000000

Allowances and Approvals

allowance

crvUSD.allowance(arg0: address, arg1: address) -> uint256

Getter method to check the allowance.

Returns: allowed tokens (uint256).

InputTypeDescription
arg0addressAddress of the spender
arg1addressAddress of the token owner
<>Source code
allowance: public(HashMap[address, HashMap[address, uint256]])
Example
>>> crvUSD.allowance("0x7a16fF8270133F063aAb6C9977183D9e72835428", "0x4dece678ceceb27446b35c672dc7d61f30bad69e")
115792089237316195423570985008687907853269984665640564039457584007913129639935

approve

crvUSD.approve(_spender: address, _value: uint256) -> bool:

Fucntion to allow _spender to transfer up to _value amount of tokens from the caller's amount.

Returns: true (bool).

Emits: Approval

InputTypeDescription
_spenderaddressAddress permitted to spend up to _value amount of caller's funds
_valueaddressAmount of tokens _spender is allowed to spend
<>Source code
event Approval:
owner: indexed(address)
spender: indexed(address)
value: uint256

allowance: public(HashMap[address, HashMap[address, uint256]])

@external
def approve(_spender: address, _value: uint256) -> bool:
"""
@notice Allow `_spender` to transfer up to `_value` amount of tokens from the caller's account.
@dev Non-zero to non-zero approvals are allowed, but should be used cautiously. The methods
increaseAllowance + decreaseAllowance are available to prevent any front-running that
may occur.
@param _spender The account permitted to spend up to `_value` amount of caller's funds.
@param _value The amount of tokens `_spender` is allowed to spend.
"""
self._approve(msg.sender, _spender, _value)
return True

@internal
def _approve(_owner: address, _spender: address, _value: uint256):
self.allowance[_owner][_spender] = _value

log Approval(_owner, _spender, _value)
Example
>>> crvUSD.approve("0x4dece678ceceb27446b35c672dc7d61f30bad69e", 10**22)
'True'

increaseAllowance

crvUSD.increaseAllowance(_spender: address, _add_value: uint256) -> bool:

Function to increase the allowance granted to _spender.

Returns: true (bool).

Emits: Approval

InputTypeDescription
_spenderaddressAddress to increase the allowance of
_add_valueuint256Amount to increase the allwance by
note

This function will never overflow, and instead will bind allowance to MAX_UINT256. This has the potential to grant infinite approval.

<>Source code
allowance: public(HashMap[address, HashMap[address, uint256]])

@external
def increaseAllowance(_spender: address, _add_value: uint256) -> bool:
"""
@notice Increase the allowance granted to `_spender`.
@dev This function will never overflow, and instead will bound
allowance to MAX_UINT256. This has the potential to grant an
infinite approval.
@param _spender The account to increase the allowance of.
@param _add_value The amount to increase the allowance by.
"""
cached_allowance: uint256 = self.allowance[msg.sender][_spender]
allowance: uint256 = unsafe_add(cached_allowance, _add_value)

# check for an overflow
if allowance < cached_allowance:
allowance = max_value(uint256)

if allowance != cached_allowance:
self._approve(msg.sender, _spender, allowance)

return True

@internal
def _approve(_owner: address, _spender: address, _value: uint256):
self.allowance[_owner][_spender] = _value

log Approval(_owner, _spender, _value)
Example
>>> crvUSD.increaseAllowance("0x4dece678ceceb27446b35c672dc7d61f30bad69e", 2**256-1)
'True'

decreaseAllowance

crvUSD.decreaseAllowance(_spender: address, _sub_value: uint256) -> bool:

Function to decrease the allowance granted to _spender.

Returns: true (bool).

Emits: Approval

InputTypeDescription
_spenderaddressAddress to decrease the allowance of
_sub_valueuint256Amount to decrease the allwance by
note

This function will never underflow, and instead will bound allowance to 0.

<>Source code
allowance: public(HashMap[address, HashMap[address, uint256]])

@external
def decreaseAllowance(_spender: address, _sub_value: uint256) -> bool:
"""
@notice Decrease the allowance granted to `_spender`.
@dev This function will never underflow, and instead will bound
allowance to 0.
@param _spender The account to decrease the allowance of.
@param _sub_value The amount to decrease the allowance by.
"""
cached_allowance: uint256 = self.allowance[msg.sender][_spender]
allowance: uint256 = unsafe_sub(cached_allowance, _sub_value)

# check for an underflow
if cached_allowance < allowance:
allowance = 0

if allowance != cached_allowance:
self._approve(msg.sender, _spender, allowance)

return True

@internal
def _approve(_owner: address, _spender: address, _value: uint256):
self.allowance[_owner][_spender] = _value

log Approval(_owner, _spender, _value)
Example
>>> crvUSD.decreaseAllowance("0x4dece678ceceb27446b35c672dc7d61f30bad69e", 2**256-1)
'True'

permit

crvUSD.permit(_owner: address, _spender: address, _value: uint256, _deadline: uint256, _v: uint8,, _r: bytes32, _s: bytes32) -> bool:

Function to permit _spender to spend up to _value amount of _owner's tokens via a signature.

Returns: true (bool).

Emits: Approval

InputTypeDescription
_owneraddressAddress which generated the signature and is granting an allowance
_spenderuint256Address which will be granted an allowance
_valueuint256Approved amount
_deadlineuint256Deadline by which the signature must be submitted
_vuint256Last byte of the ECDSA signature
_ruint256First 32 bytes of the ECDSA signature
_suint256Second 32 bytes of the ECDSA signature
note

In the event of a chain fork, replay attacks are prevented as domain separator is recalculated.
However, this is only if the resulting chains update their chainId.

<>Source code
event Approval:
owner: indexed(address)
spender: indexed(address)
value: uint256

allowance: public(HashMap[address, HashMap[address, uint256]])

@external
def permit(
_owner: address,
_spender: address,
_value: uint256,
_deadline: uint256,
_v: uint8,
_r: bytes32,
_s: bytes32,
) -> bool:
"""
@notice Permit `_spender` to spend up to `_value` amount of `_owner`'s tokens via a signature.
@dev In the event of a chain fork, replay attacks are prevented as domain separator is recalculated.
However, this is only if the resulting chains update their chainId.
@param _owner The account which generated the signature and is granting an allowance.
@param _spender The account which will be granted an allowance.
@param _value The approval amount.
@param _deadline The deadline by which the signature must be submitted.
@param _v The last byte of the ECDSA signature.
@param _r The first 32 bytes of the ECDSA signature.
@param _s The second 32 bytes of the ECDSA signature.
"""
assert _owner != empty(address) and block.timestamp <= _deadline

nonce: uint256 = self.nonces[_owner]
digest: bytes32 = keccak256(
concat(
b"\x19\x01",
self._domain_separator(),
keccak256(_abi_encode(EIP2612_TYPEHASH, _owner, _spender, _value, nonce, _deadline)),
)
)

if _owner.is_contract:
sig: Bytes[65] = concat(_abi_encode(_r, _s), slice(convert(_v, bytes32), 31, 1))
assert ERC1271(_owner).isValidSignature(digest, sig) == ERC1271_MAGIC_VAL
else:
assert ecrecover(digest, _v, _r, _s) == _owner

self.nonces[_owner] = nonce + 1
self._approve(_owner, _spender, _value)
return True

@internal
def _approve(_owner: address, _spender: address, _value: uint256):
self.allowance[_owner][_spender] = _value

log Approval(_owner, _spender, _value)
Example
>>> crvUSD.permit(todo)