Curve Finance is just a year old as it was launched in the same month last year that is January 2020 but it has made its impact in the decentralized finance market already. It is already regarded as one of the leading DEX platforms which were made by the Russian Physicist Michael Egorov.
In this article, we will read about this new leading decentralized exchange and explore all the aspects of the same.
Table of contents
|Legal Name||Curve Finance|
|CEO||Michael Egorov (Russian Physicist)|
|Trading Fees||Liquidity provider fee – 0.04%|
|Supported Cryptos||USDC, DAI, TUSD, USDT, BUSD, PAX, renBTC, and others.|
|Trading Options||Swap, Liquidity Providers – Liquidity mining pool|
What is Curve Finance?
Curve Finance is a platform built on the cryptocurrency – Ethereum. It is a decentralized finance exchange where you can earn by providing liquidity using cryptocurrency. You can also swap your cryptocurrency on this platform with other cryptocurrencies.
Curve finance provides an interest component on the deposit you have with their exchange. Supposedly, you have exchanged ETH for USDC, and retain the later in the wallet, then you will earn interest on the same. It is a platform for liquidity providers as well as crypto traders.
It established itself as a decentralized autonomous organization (DAO) by releasing its token called CRV.
Curve finance has a