Curve DAO

About

Similar to Uniswap, Curve Finance is an Automated Market Maker (AMM) based Decentralised Exchange (DEX). Unlike Uniswap, its main focus is only to swap between assets that are supposed to have the same value. This is useful in the DeFi ecosystem as there are plenty of wrapped tokens and synthetic tokens that aim to mimic the price of the real underlying asset. For example, one of the biggest pools is 3CRV, which is a stablecoin pool consisting of DAI, USDT, and USDC. Their ratio in the pool will be based on the supply and demand of the market. Depositing a coin with a lesser ratio will yield the user a higher percentage of the pool. As such when the ratio is heavily tilted to one of the coins, it may serve as a good chance to arbitrage. Curve Finance also supports yield-bearing tokens. For example, it collaborated with Yearn Finance to release yUSD pools that consisted of yDAI, yUSDT, yUSDC and yTUSD. Users that participated in this pool will not only have yield from the underlying yield-bearing tokens, but also the swap fees generated by the Curve pool. Including the yield farming rewards in terms of CRV tokens, liquidity providers of the pool actually have three sources of yield.

Contract addresses

Submitted by the project. Always verify independently before interacting.

• ethereum

  0xd533…cd52

• Chain not on the Board

  0x1e4f…c68b

• base

  0x8ee7…0415

• Chain not on the Board

  0xd331…e69e

• Chain not on the Board

  0x002e…cad0

• Chain not on the Board

  0x004a…2f13

• polygon

  0x1723…10af

• arbitrum

  0x11cd…4978

• Chain not on the Board

  0x0994…fb53

Board history

This project hasn't held a board spot yet.