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Curve (Ethereum)

About Curve (Ethereum)

Introduction to Curve Finance

Curve Finance is a decentralized liquidity pool for stablecoin trading. It does not use an order book, but instead uses an automated market maker (AMM) model to match liquidity. Since this protocol is decentralized and trust-free, anyone can provide liquidity to one or more liquidity pools. The AMM's constant product formula ensures maximum efficiency and minimal slippage for traders. The Curve pool is a variant of StableSwap that executes smart contracts and can be used to trade multiple tokens. Tokens can be exchanged via stablecoin trading pairs (normal pool) or wrapped tokens, and the underlying collateral is lent in a separate protocol (lending pool). Finally, Metapools pairs the stablecoin with LP tokens from another pool. The protocol is supported by several blockchains, such as Ether, Arbitrum, Aurora, Avalanche, Fantom, Harmony, Optimism, Polygon, xDai, Moonbeam. To use the Curve protocol, users must generally bridge funds from Ether to these blockchains. Because of its systematic importance to decentralized finance (DeFi), this protocol has also attracted multiple groups of other protocols vying for its governance in the so-called Curve Wars.

Who are the founders of Curve Finance?

Curve Finance was founded by Michael Egorov, former co-founder and CTO of NuCypher, a cryptocurrency underpinning protocol. He also created LoanCoin, a decentralized banking and lending network, and studied at the Moscow Institute of Physics and Technology and Swinburne University of Technology before moving into cryptocurrencies.

When did Curve Finance launch?

Curve Finance launches in June 2020, in the so-called "summer of decentralized finance (DeFi)". As such, it is arguably one of the cornerstones of the nascent DeFi industry.

Where is Curve Finance located?

According to CBInsight, Curve Finance is headquartered in Switzerland.

Countries that restrict access to Curve Finance

At the time of this writing, there was no information on countries that restrict access to Curve Finance. However, users in countries subject to U.S. financial sanctions may be subject to geographic blocking.

List of tokens supported by Curve Finance

The exchange supports liquidity pools for several major stablecoins, such as DAI, USDC, USDT, FRAX, and TUSD. It also supports the exchange of wrapper tokens such as wBTC, wETH, and stETH (which is a pledged ethereum variant of the native Lido).

What are the fees for Curve Finance?

The standard fee rate under the protocol is 0.04%. Half of this is allocated to liquidity providers and the other half is allocated to veCRV holders. veCRV holders receive greater governance rights if they regularly pledge their tokens.

Can Curve Finance be traded with leverage or margin?

The exchange only offers token exchange services and does not offer leveraged or margin trading.