Curve Finance (CRV) - A better version than Uniswap? Market247.io

First launched in 2020, Curve Finance has made outstanding progress and has always been one of the projects leading the Defi trend. So what is Curve, how does it work? Market247.io will provide you with detailed information through this article.

Curve Finance (CRV): What is it?

Curve Finance is a decentralized exchange (DEX) built on the Ethereum-based Automated Market Maker Engine (AMM). Curve Finance is known for its low prices and little slippage and focuses on trading between various stablecoins (USDT, USDC, DAI, etc.).

How does Curve work?

The formula used by Curve Finance is designed to minimize slippage even when users trade large amounts of cash.

Liquidity pools also help to ensure the least amount of slippage when trading digital currencies. Curve provides a less volatile lending protocol while still providing a high interest rate on the available liquidity by focusing on stablecoins. AMM controls liquidity pools, which aids in pool rebalancing following trades.

What is the highlight of Curve?

As one of the leading projects in the field of decentralized finance, Curve Finance has great advantages that make it called a better version of Uniswap.

What problem does Curve Finance solve?

Stable coins are used more frequently today and are crucial to decentralized finance. As a result, there is a growing need for transactions involving stable currency. Due to this, Curve was created.

Curve's Highlights

Ability to minimize slippage

Curve Finance only focuses on trading between stable coins with a slippage optimization formula compared to Uniswap, which minimizes slippage even when trading with large values.

Automatic creation of liquidity pairs with 1 token

Users of Curve Finance are able to create liquidity with a single token or a large number of other tokens in the same pool. Tokens will be automatically divided by Curve based on the pool's ratio.

Give liquidity and benefit from transaction fees

Similar to APY.Finance, Curve Finance is a yield aggregator that enables liquidity providers to benefit from transaction fees (0.04%) and lending interest through yEarn or Compound.

Compare Curve Finance and Uniswap

It can be seen that the purpose of Curve and Uniswap is quite similar. However, the way the two exchanges work, there are still a few differences that make Curve more beneficial for users.

When you want to exchange a stable coin pair on Uniswap, two transactions will be created right away:

Ethereum is exchanged for Stablecoin 1. (ETH)
ETH and Stablecoin 2 will exchange hands.

You will then lose 2 times the transaction charge.

Although Curve has the same facilities as Uniswap, they are all intended for liquidity providers, but it is not subject to the degree of impermanent loss. That's because Curve only trades between stablecoins, while Uniswap deals directly with ETH. And ETH volatility could kill Uniswap liquidity providers. This is why some call Curve a better version of Uniswap, born for stablecoins.

Curve Finance's target user

The audience that Curve Finance targets include: Liquidity Providers (liquidity providers), Traders and projects.

Curve's Liquidity Providers can receive token rewards from projects and receive fees from pools, in addition to lending interest.
Traders: Swap stablecoins with low slippage, much cheaper fees than CEX.
Project: Want to allocate tokens and bootstrapping demand for project tokens

What is Token CRV?

CRV is used for 3 main purposes: voting, staking and boosting. However, users need to stake CRV to receive veCRV, then use veCRV to participate in the above 3 activities.

Staking: Users can Staking CRV to receive transaction fees.
Boosting: If users both hold veCRV and provide liquidity on Curve Finance, they will be rewarded 2.5 times compared to regular liquidity providers.
Voting: System administration functions through proposing and voting for CRV holders.

Detailed information about CRV Token

Key Metrics CRV

Token Name: Curve Finance. Ticker: CRV. Blockchain: Ethereum. Token Standard: ERC-20. Contract: 0xD533a949740bb3306d119CC777fa900bA034cd52 Token Type: Utility & Governance. Max Supply: 3,303,030,299 CRV. Total Supply: 1,521,949,991 CRV. Circulating Supply: 358,709,181 CRV.

CRV Token Allocation

The total supply of CRV tokens will be distributed as follows:

Liquidity Provider: 62% - 2,047,878,785 CRV. Shareholders: 30% - 990,909,090 CRV. Employees: 5% - 165,151,515 CRV. Community Reserve: 3% - 99,090,909 CRV.

Initial Supply of CRV will be 1.3 billion CRV (~43%) and will be divided as follows:

Team & Investor: 30% unlock gradually within 2-4 years. Liquidity Provider: 5% unlock gradually over 1 year. Community Reserve: 5% and no specific plan yet. Employee: 3% unlock gradually over 2 years.

CRV Token Sale

Curve Finance does not open to sell CRV tokens in any form, all will be distributed according to the Farming mechanism.

Where is the crv token stored?

Currently, Curve has been deployed on many different blockchains, including:, Ethereum, Fantom, Polygon, Arbitrum One. You can store this asset at wallet apps:

Metamask
Myetherwallet
Trust Wallet
Coin98 Wallet

Roadmap

Curve Finance currently does not have a specific roadmap for their future plans.

Conclusion

It can be said that Curve Finance will continue to be the best option for high value transactions due to its significant advantage of allowing stable coin transactions with less slippage and cost. For up-to-date information about this project, visit Market247.io.

Curve Finance - All information - FAQs

Is Curve a bank account?

Since Curve is not a bank, there is no Curve bank account set up, with its own international bank account number.

Is curve crypto a good investment?

Yes, Curve DAO Token is a good investment based on the coin's massive potential. CRV price is expected to be $2.5 in the next five years. Many traders and investors feel the Curve DAO token is a profitable long-term investment based on this forecast.

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