• Mon. Jun 5th, 2023


Crypto & Blockchain information

What is Curve

Curve DAO Token (CRV) is a cryptocurrency created to support the Curve Finance decentralized exchange ecosystem. In this article, we will talk about Curve Finance decentralized exchange and Curve DAO Token cryptocurrency.

Curve Finance is an important part of the decentralized finance (DeFi) ecosystem. Running on Ethereum (ETH), this decentralized exchange (DEX) is specifically designed to exchange stablecoins at the best prices.

Curve Finance works as an automated market maker (AMM). AMMs do not use order books; instead it uses a pricing algorithm. In Curve Finance, anyone can add their holdings to several different liquidity pools and earn revenue from transaction fees.

Not only stablecoins, but also tokenized derivatives of coins such as wBTC, renBTC can be traded via Curve Finance. It is also possible to exchange ERC-20 based tokens.

CRV token project
Curve DAO Token (CRV) is the governance token of the Curve Finance decentralized finance protocol. The CRV token gives its holders a say in the future of Curve Finance through CurveDAO. Those who provide liquidity to the protocol are also consistently rewarded with CRV tokens. In other words, the CRV token encourages users to provide liquidity to Curve Finance’s liquidity pools.

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