The Curve AMO is one of Frax Finance's algorithmic market operations (AMO) controllers, smart contracts that put the protocol's reserves to work under set rules. It deposits FRAX stablecoins together with collateral such as USDC into liquidity pools on Curve, a decentralized exchange specialised in stablecoins. By supplying deep liquidity around a price of one dollar, it helps keep FRAX on its peg, while earning trading fees and Curve-related rewards for the protocol. Because the FRAX it adds is backed by the collateral deposited alongside it, the controller was designed to support the peg without weakening the system's overall backing. Risks include exposure to the pool's other stablecoins, which could depeg, and to smart contract failures. Also see Curve DAO (CRV).
Last updated 13 Nov 2026