What is CRV?

Modified on Sat, 18 Feb 2023 at 11:19 PM

CRV or Curve Finance is a decentralized exchange (DEX) built on Ethereum that enables P2P trading between cryptocurrencies, similar to Uniswap and others DEX. However, Curve is made for Stablecoin trading, such as DAI, USDT, and USDC.

Curve uses Automated Market Maker (AMM) to manage liquidity on the exchange where the users can lock their coins in the system for up to 4 years to help provide liquidity on the platform and earn rewards in the form of CRVs; the more trading made on the platform, the more rewards the user will earn.

Curve was launched in January 2020 during the time of DeFi Boom and was very well welcomed by the crypto community.

In August 2020, Curve launched the CurveDAO, a Decentralized Autonomous Organization (DAO) that enables the community to manage the platform.

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