Curve is an automated market maker (AMM) for cryptocurrencies available on Ethereum and more than ten other EVM-compatible blockchains. The original version aims to provide an exchange specifically designed for stablecoins and similarly-behaving cryptocurrencies (e.g., wrapped tokens) that minimize price slippage and transaction fee. Curve v2 was introduced in 2021, expanding to the exchange of tokens with differen t prices.
Since its launch in 2019, Curve has been one of the leading protocols in the crypto market. However, its native token was not released until the launch of CurveDAO in 2020.
While the team is anonymous, the CEO and Founder, Michael Egorov, is well-known and his name is cited in the whitepapers.
As an AMM, Curve allows people to trade different tokens without a third party, but through liquidity pools, and liquidity providers earn rewards from trading fees. Yet, Curve stands out among numerous other DEXes because they implement special formulas and algorithms that allow users to trade cryptocurrencies with very low transaction fees and minimized price impacts. Users can also use liquidity tokens from other protocols in Curve, thereby making profits from one investment in multiple ways.
CRV is the governance of the CurveDAO. CRV's total supply is 3,303,030,299 and its circulating supply is 531,583,334.42.
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