Curve (CRV)
What is Curve?
Curve is a decentralized exchange that uses an automated market maker (AMM) model. The difference from other AMMs, like Uniswap or SushiSwap, is that Curve only supports stablecoins. This reduces the risk of impermanent loss and additional issues associated with the price volatility of traditional cryptocurrency assets.
Why does Curve have value?
Stablecoins have grown in popularity in the DeFi ecosystem. Since their prices are stable, they are widely used for lending and borrowing on other DeFi protocols. Curve allows you to trade with competitive rates and pay lower fees. Liquidity providers can also earn rewards with less risk.
What are the Pros of Curve?
● Since it only supports stablecoins there is less risk of price volatility.
● Users can get rewards by providing liquidity.
● Fees are lower than on other platforms.
What are the Cons of Curve?
● Curve has been impacted by outside protocols.
What are CRV’s tokenomics?
The total supply is 3.03 billion. 62% are gradually distributed to liquidity providers; 30% are allocated to shareholders; 3% to employees; and 5% to a community reserve.
Who founded Curve?
Michael Egorov.
Who are Curve’s investors?
Unknown.
Concise Crypto Grade:
B+ :Curve is an essential part of the cryptocurrency and Web3 ecosystem. Curve is one of the best AMM’s to access a variety of stablecoins to bridge/use on other ecosystems. Curve has great prices, low slippage, and low volatility so users can expect the best prices and execution within Curve. Plus, an added benefit is liquidity providers are protected from impermanent loss so their tokens are much safer within Curve as well.
Where can I buy CRV?
Binance, Coinbase Exchange, Huobi Global, Gate.io, KuCoin, FTX.
What ecosystem does Curve run on?
Ethereum