Curve Finance: DEX with 90s Vibes! Project & CRV Token Review
Curve Finance is a decentralized exchange (DEX) with a simple Windows 98-style interface that uses an automated market maker (AMM) model. This enables traders to exchange tokens with minimal slippage.
Among all DEXs, Curve currently ranks first in terms of locked funds and third in terms of trading volume (which is arguably a more important metric for an exchange). Furthermore, Curve supports a wide range of blockchains, including Ethereum, Arbitrum, Polygon, Optimism, Avalanche, Aurora, Fantom, Celo, Kava, Gnosis, and Moonbeam.
One standout feature of Curve Finance is its capability to allow any user to add a new trading pair to the exchange and earn fees on trades utilizing sufficient liquidity.
DEX platform ranking. Source: DefiLlama
Founders and Investors
Curve Finance was founded in January 2020 by Michael Egorov, a physicist with experience in software development. Prior to creating this decentralized exchange, Egorov worked at MakerDAO, Uniswap, and NuCypher, a platform for encrypting and exchanging data.
While the exact amount of funding the project has received is unknown, there is information about its investors. These include Coinbase Ventures, Digital Currency Group, Framework Ventures, and RR2Capital.
The Curve Finance platform Source: curve.fi
What is CRV (Curve DAO Token)?
CRV is the utility token of the Curve Finance platform, which serves several important functions.
• Governance: CRV holders can vote on proposals, helping to shape the future of the platform. To obtain veCRV, tokens must be locked for a certain period of time.
• Incentive for liquidity providers: Users who add crypto assets to liquidity pools can receive rewards in CRV tokens.
• Staking: By locking up CRV, users can earn a share of the platform's trading fees.
• Yield boosting: Obtaining veCRV can increase the yield factor in liquidity pools.
The longer the period of token lockup, the more veCRV you can obtain Source: classic.curve.fi
The CRV supply is limited, with only 24% of the total token supply currently in circulation.
CRV can be purchased on centralized exchanges such as Coinbase, Binance, Kucoin, OKX, Kraken, Huobi, and others.
How to add CRV to Metamask?
To add CRV tokens to Metamask, select the manual token import option and enter the contract address:
0xD533a949740bb3306d119CC777fa900bA034cd52 (Ethereum)
0x11cDb42B0EB46D95f990BeDD4695A6e3fA034978 (Arbitrum)
0x1E4F97b9f9F913c46F1632781732927B9019C68b (Fantom)
0x712b3d230f3c1c19db860d80619288b1f0bdd0bd (Gnosis)
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