Curve Finance
Curve Finance

Curve Finance

Curve Finance is a specialized swap exchange for stable-coins, with very low slippage.

Quality Check:

✅ Audited

✅ Active community

✅ Active team

✅ Billions $$ of liquidity

✅ Decentralized, DAO

Community Links:

👉 Curve main site

👉 Curve swap site

👉 Curve Twitter

👉 Curve docs

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Why Use Curve? 🤔

  • Swap between stable coins (i.e DAI, USDT, USDC...)
  • Very efficient swaps, get the most value while transferring b/w stable coins.
  • Curve specializes in stable coin swaps, this focus brings efficient trades.
  • Anyone can provide stable coins to curve pools, and earn % from swap fees.
  • Pool providers also earn $CRV tokens.

Why Decentralized Exchanges? 🤔

  • Coinbase is a company. Coinbase needs to make money. They charge % of sales / buys.
  • Uniswap is owned by the people.
  • Selling $30k worth of ETH on Coinbase will cost you $500.
  • Selling $30k of ETH for USDC on Uniswap costs $10-$50 (depending on gas)
  • Swap any amount for only the price of the gas fee.

How Does It Work?

  • Every pair (ex : ETH / USDC) has a community pool.
  • Anybody can provide ETH & USDC into the ETH/USDC pool.
  • This gives liquidity to the people and allows swaps between the pair.
  • Those that provide liquidity to any pool, get rewarded swap fees every swap.
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Revenue Share For Token Holders:

$CRV stakers receive revenue share 50% of swap fees collected by Curve.

$CRV stakers also receive a 'boosted' earnings on the pools they provide to. See here.

Staking CRV & Earning

  1. Buy $CRV tokens.
  2. Head to the Curve Locker
  3. Choose how long to "lock" tokens.
  4. Pay the gas and stake!
  5. You will get veCRV tokens that represent your locked $CRV. Now you can vote on Curve matters in the DAO governance with these veCRV tokens, and they will be worth more and more as time goes on.

Staking CRV & 'Boosting'

  1. Provide liquidity to a curve pool.
  2. Lock $CRV in Curve Locker
  3. Longer you lock, the more you boost your CRV rewards for providing liquidity.

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What Is The CRV Token Used For?

  • Voting power in the Curve DAO. (must be locked)
  • Locking $CRV tokens boost your earnings as a liquidity provider on Curve. This incentivizes people buying / holding the $CRV token and give it utility.
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Stand-Out Features?

  • Low slippage, meaning less likely to not execute your trade at your desired price(s).
  • Curve focuses on stable coin exchange pools, so it is most efficient to swap between stable coins on curve, because slippage is low.

What Are The Risks Of Using Curve?

  • Bugs, exploits are always possible.
  • As a swapper, not much risks at all. (except for slippage)
  • As a liquidity provider, impermanent loss is always at play (non stable coins).