Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
An Ethereum-based (ERC-20) token, the Curve DAO Token governs/empowers (by being locked into) Curve Finance, a decentralized exchange (DEX)/automated market maker (AMM) protocol specifically geared toward the efficient swapping a handful of kindred ERC-20 stablecoin assets on the Ethereum blockchain (e.g. WBTC and renBTC). Ethereum-based stablecoin-pairs-trading activity was seen as needlessly expensive, so, circa December 2019, Curve's founder, Russian physicist Michael Egorov, and his team set out to solve that.
Curve's liquidity pools pair up similar assets to keep volatility at bay within pools so as to minimize that strange and seemingly contradictory DeFi phenomenon known as "impermanent loss," which is when the price of an asset within an AMM's liquidity pool diverges away from the price of that asset outside of the liquidity pool resulting in a (merely temporary) imbalance.
In the early summer of 2021, Curve introduced its "TriCrypto" pool for yield farmers to lock in, and earn sizable yields from, one of a trio of assets, Tether (USDT), Wrapped Bitcoin (WBTC), and/or Wrapped Ethereum (WETH), while also minimizing slippage.
Curve in September of 2021 launched on Arbitrum, a layer-2 scaling solution for Ethereum. Instead of settling individual trades on Ethereum’s mainnet, as Decrypt noted, Curve's activities are batched and periodically settled, reducing congestion and transaction costs.
How to buy CRV (Curve DAO)
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