کرو CRV / Curve DAO Token

What Is Curve (CRV)?

Curve is a DeFi ecosystem consisting of several core products:

* Curve DEX is a decentralized exchange best suited for stablecoins and pegged assets that uses an automated market maker (AMM) to manage liquidity.

* crvUSD decentralized stablecoin issuance app allows you to borrow stablecoin against secure assets such as ETH and BTC with collateral liquidation protection.

* Curve Lend's borrowing platform operates as isolated markets where you can borrow crvUSD against other assets, or lend crvUSD at interest. It uses the same LLAMMA Lend engine as crvUSD.

* Savings crvUSD is a decentralized stablecoin with embedded yield.

Who Are the Founders of Curve?

The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experience with cryptocurrency-related enterprises.

In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency business building privacy-preserving infrastructure and protocols.

Egorov is also the founder of decentralized bank and loans network LoanCoin.

Curve’s regular team is part of the CRV allocation structure, and will receive tokens according to a two-year vesting schedule as part of the initial launch plan.

In August 2020, Egorov said that he “overreacted” by locking up a large amount of CRV tokens as a response to yearn.finance’s voting power, awarding himself 71% of governance in the process.

What Makes Curve Unique?

Curve has gained considerable attention by following its remit as an AMM specifically for stablecoin trading.

The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership.

The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits.

As such, Curve caters to anyone involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to maximize returns without risk by holding notionally non-volatile stablecoins.

The platform makes money by charging a modest fee which is paid to liquidity providers.

Related Pages:

Find out more about Uniswap (UNI) here.

Find out more about SushiSwap (SUSHI) here.

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