Curve, discover this new ecosystem

Curve, discover this new ecosystem. Here are its features and direct access to its official website.

Curve is a decentralized exchange (DEX) and automated market maker (AMM) on Ethereum and EVM-compatible sidechains/L2s, designed for the efficient trading of stablecoins and volatile assets.

Additionally, Curve has launched its own stablecoin, crvUSD, and Curve Lending, both featuring a unique liquidation mechanism known as LLAMMA.

Curve – introduction:

This platform is an exchange liquidity pool on Ethereum (like Uniswap) designed for extremely efficient stablecoin trading low risk, supplemental fee income for liquidity providers, without an opportunity cost.

Curve allows users (and smart contracts like 1inch, Paraswap, Totle and Dex.ag) to trade between DAI and USDC with a bespoke low slippage, low fee algorithm designed specifically for stablecoins and earn fees. Behind the scenes, the liquidity pool is also supplied to the Compound protocol or yearn.finance where it generates even more income for liquidity providers.

5 features to remember:

Efficient Stablecoin trading: Curve is designed to enable low-slip trading between stablecoins (such as USDT, USDC, DAI) and other digital assets that have stable or similar prices. This means that users can trade large quantities of these assets with minimal loss of value due to slippage (difference between expected and actual price).
Liquidity Pools: Users can deposit their crypto-currencies in liquidity pools on Curve and earn interest on their deposits. Liquidity pools are collections of user-provided funds that enable trading on the platform.
Optimization algorithms: This platform uses sophisticated algorithms to optimize trading and minimize losses due to slippage and fees. The algorithms are specially designed for stablecoin pairs and assets with similar prices.
Decentralization and governance: Here is a decentralized platform, managed by a decentralized autonomous organization (DAO). Holders of the CRV token, Curve’s native token, can participate in the governance of the platform by voting on proposals and modifications to the protocol.
Returns and Staking: Users can earn returns by providing liquidity to Curve pools and participating in CRV staking. Staking and liquidity rewards can include interest in CRV and other crypto-currencies.

3 key features to remember:

User Interface: Curve’s website provides a user interface that allows users to easily exchange assets, deposit funds into liquidity pools, and manage their assets.
Security: This platform places a strong emphasis on the security of user funds, using regular security audits and secure coding practices.
Compatibility: Curve is compatible with several blockchains and enables exchanges between different networks, increasing its flexibility and usefulness for users of various crypto-currencies.

How do I trade on Curve?

Before trading, you’ll have to approve Curve to interact with your stablecoin balance, similar to most DeFi applications.

On the exchange page, select the asset you would like to convert (e.g. USDC), and the quantity (e.g. 1,000) – the exchange rate, and quantity that you will receive (including and all slippage and fees) will be displayed. The exchange rate might surprise you – that’s the power of Curve.

Curve DAO Token (CRV)

Curve DAO Token is based on the ERC-20 token standard as defined at EIP-20.

Tokenomics:

The total supply of 3.03 billion is distributed as follows:

62% to community liquidity providers
30% to shareholders (team and investors) with a vesting period of 2-4 years
5% to the community reserve
3% to employees with a 2-year vesting period
The initial supply of approximately 1.3 billion (~43%) is distributed as follows:

5% to pre-CRV liquidity providers with a 1-year vesting
30% to shareholders (team and investors) with a vesting period of 2-4 years
3% to employees with a 2-year vesting period
5% to the community reserve

The Curve DAO: Governance and Voting:

Curve uses Aragon for governance and control of the protocol admin functionality. Interaction with Aragon occurs through a modified implementation of the Aragon Voting App.

crvUSD Stablecoin: Overview

Curve Stablecoin (crvUSD) infrastructure enables users to mint crvUSD using a selection of crypto collaterals (adding new ones is subject to DAO approval).

crvUSD is designed to provide a more capital-efficient stablecoin mechanism and smoother liquidations, while maintaining a decentralized design which the Curve DAO governs.

In short, Curve.fi is a major platform in the DeFi ecosystem, offering specialized services for the efficient exchange of stablecoins and other assets with stable prices, while enabling users to earn returns on their deposits.