Curve Dao Token
Name
Curve Dao Token
Summary
-Curve is a decentralized exchange which deals in stablecoins that utilizes an automated market maker (AMM) to streamline liquidity.
-It was founded in 2020 by Michael Egorov.
-Curve is a DAO which utilizes the ethereum blockchain network.
Rating
Symbol
CRV
Overview
Curve Finance is a Dex which has been optimized for efficient low slippage swaps between stable coins and similar assets that peg to the same value (e.g. wBTC/renBTC). The protocol utilizes an Automated Market Maker that is created for the purpose to give DeFi users low slippage and liquidity providers steady fee revenue.
Curve operates via liquidity pools where two (or more) assets are deposited into a pool and traded against each other. Arbitrage keeps the prices of the assets even with prices on other exchanges and half of the 0.04% fee (taken from trades) is paid to LPs. The other half of the 0.04% fee is paid to veCRV holders. At higher volumes of trade the APY on deposited assets increases – more trades means more fees are being paid. Curve's 0.04% fee is much lower than other exchanges, which could explain the high levels of trading volume it has hosted.
Historical Price Movement (in INR)
Technology
The Curve protocol employs a unique Automated Market Maker that combines Uniswap's constant product AMM with a constant sum AMM. Curve's AMM equation is complex but the results are simple – low slippage on small to medium trades and decent liquidity on larger ones.
All LPs receive CRV tokens in addition to the interest from fees. When depositing LPs should put assets in pools in an equal ratio (50/50). If they don't the AMM equation will devalue one of the coins letting arbitrageurs bid some of the value out of their deposit.
On top of the fee paid to LPs, Curve incentivizes deposits via rewards from other DeFi projects. Currently, protocols REN and Synthetix encourage LPs to deposit in pools containing their assets by giving LPs their respective tokens ($REN and $SNX).
An EVM (Ethereum Virtual Machine) compatible version of Curve is being built on Polkadot. The team behind Polkadot's Curve is not affiliated with Curve itself.
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. Use of Native tokens in the ecosystem: CRV token is used to pay liquidity providers. It can be used for staking and making governance votes as well.
Community LP
62%
Shareholders
Employees ( 2 years vesting
3%
Volume ( as of 25Th April)
$316,715,677
Total Supply
1,733,796,311 CRV
Circulating Supply
460,760,963.78 CRV
Crowd Sales
Curve finance has received funding of $182.4M, however
there is no accurate data of its distribution towards Curve Finance DAO
Funding
N.A
Country
UK
Year Incorporated
2018
Registered Address
london, England, United Kingdom
Dispute Resolution and Governing Law
UK
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Micheal Egorov | CEO and Co-Founder | - | 14Yrs |
