Last Updated: 21/08/2022
Official Website: https://curve.fi/
Curve is a decentralized exchange for stablecoins that controls liquidity through an automated market maker (AMM). Through Curve's factory and with the help of its DAO, hundreds of liquidity pools have been created. To ensure high liquidity, low slippage, and low fee transactions among ERC-20 tokens, users rely on Curve's unique formulas.
Its major objective is to enable low-cost and low-slippage ERC-20 token exchanges between users and other decentralized protocols (for instance, DAI to USDC). Curve makes use of liquidity pools as opposed to exchanges that pair buyers and sellers. Curve pays liquidity providers since it needs a lot of liquidity (tokens) to accomplish successful exchange volume.
Centralised exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Curve.fi has become the best place to exchange stable coins because of its low fees and low slippage.
$CRV officially launched on the 13th of August 2020. Curve has had substantial growth in the second half of 2020 and has become identified with the decentralized finance (DeFi) movement.
Michael Egorov, a Russian scientist with a variety of experience in cryptocurrency-related businesses, is the creator and CEO of Curve. He co-founded and assumed the position of CTO at NuCypher in 2015, a cryptocurrency company developing infrastructure and protocols that protect user privacy. Egorov is also the founder of decentralized bank and loans network LoanCoin.
The CRV allocation structure includes the regular Curve team, who will get tokens in accordance with a two-year vesting timeline as part of the initial launch strategy.
The Curve DAO token's primary goals are to reward liquidity providers on the Curve Finance platform and involve as many users as possible in the protocol's governance.
Curve Finance's native coin for governance is $CRV, an ERC-20 compliant token. The $CRV coin governs the system and enables holders to suggest ideas and prospective adjustments to the pool allocations. Each pool can be examined by voters, who can then select alternate allocations that might result in higher or more secure rewards (APY). The quantity of $CRV tokens a user stakes and the length of time they stake them both affect how much voting power they have. Greater voting privileges will be granted to those who have staked more tokens or for a longer period of time.
Curve Finance has integrated with 1inch, Paraswap, Totle swap Dex.ag, Debank, InstaDapp DSA, CoinGecko, Zapper.fi, Zerion, Pools.fyi, Spells.fyi, dydx, Etherscan, and CoinMarketCap.
Curve DAO tokens are built on the Ethereum (ETH) network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your Curve CAO tokens secure and offline can therefore include the leading hardware wallet providers Trezor and Ledger. All ERC-20 tokens including Curve DAO token can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.
An alternative wallet provider for Curve DAO token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Similarly, a user-friendly option to keep your $CRV secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.
Other compatible wallets include:
You can Buy & Sell Curve DAO Token (CRV) by heading over to the Buy Coins page of our website. Curve DAO Token (CRV) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $CRV has never been easier, simply place your order and provide your wallet address. Once your payment arrives Curve DAO Token (CRV) will be sent directly to your wallet.
If you choose to Sell Curve DAO Token (CRV) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Block Explorer: https://etherscan.io/token/
Curve News: https://news.curve.fi/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.