Curve DAO (CRV)
A brief summary about Curve DAO (CRV), and what makes it unique.
What is Curve DAO?
Curve Finance is an automated market maker (AMM) decentralized stablecoin exchange (DEX). The exchange’s main objective is to allow smooth trading between similar ERC-20 tokens. Curve DAO or CRV is the native token of the Curve DAO. CRV also acts as the platform’s governance token. CRV is an Ethereum powered ERC-20 token. Its “tricrpyto” liquidity pool comprises USDT, WBTC, and ETH coins. Users can engage in yield farming to claim protocol fees as a reward for locking their tokens in the liquidity pool of the exchange.
Why buy CRV?
Since Curve is a non custodial platform, it has no direct control over a user's wallet assets. The platform offers low slippage and charges extremely low fees. CRV’s price has followed a constant bullish trend over the past year. It has recently outperformed leading coins such as BTC, DOGE and SHIB in terms of weekly gains. CRV is seen as one of the most efficient DeFi projects in the market.
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