What is Curve DAO Token (CRV) ?

Curve DAO Token Official Logo
Curve DAO Token Official Logo

Curve is a decentralized exchange liquidity pool on Ethereum for stable coins Curve awards the CRV token to users who provide liquidity to their pools. Traders then use the pooled funds to exchange different stable coins, avoiding slippage and high fees. CRV is a governance token with time-weighted voting and value accrual mechanisms. Governance with time-weighted voting. Value capture mechanism to promote certain pools. Locking mechanism to accrue rewards for long term liquidity providers. Behind the scenes, the tokens held by liquidity pools are also supplied to the Compound protocol or iearn. finance where to generate more income for liquidity providers. Curve allows users to trade between stablecoins with low slippage, low fee algorithm designed specifically for stablecoins and earning fees. Although the team plans to release a CRV token eventually. Each Curve pool has its own ERC20 token.

Original author – Michael Egorov
Initial release – 14 August 2020
Development status – Active
Website – dao.curve.fi

Leave a comment

Your email address will not be published. Required fields are marked *