Description: Creditum is a lending & borrowing protocol that allows users to mint cUSD, a stablecoin pegged at $1, by supplying collateral. By doing so, users are able to unlock more capital and use cUSD to earn yield on top of the assets they already own. Our project's mission is to create an ecosystem of financial products to push boundaries of what is possible with DEFI.
How is cUSD pegged at $1?
Since Creditum requires an overcollateralization of deposits, each cUSD is backed by at least $1 of collateral. This allows the protocol to begin liquidating users' collateral in the event of market downturns, ensuring the solvency of cUSD, keeping it at $1. In other words, the assets used to mint cUSD are much greater than the liabilities, keeping the protocol solvent.
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