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lvUSD is a synthetic USD pegged stablecoin. lvUSD represents “potential leverage”. The protocol borrows it from LPs to lend it to LT's, and swaps it with 3CRV, which is then swapped with OUSD to gain leverage.
The Archimedes’ loan is always fully collateralized and everything takes place inside the protocol, so that collateral never leaves the Archimedes vault.
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