Decentralized exchanges with stablecoin trading based on Ethereum
Curve Finance is a decentralized exchange on the Ethereum blockchain. Curve allows users to exchange cryptocurrency, participate in liquidity pools, sell and buy tokens, and engage in staking. The exchange has its own CRV token, which is used in DAO and to stimulate liquidity pools. The exchange was launched in January 2020.
To work with Curve, the user needs to connect a web3 wallet. The peculiarity of the exchange is to work with stabelcoins, because transactions have low fees and low slippage. Publication from community cryptodefix.com. All transactions and pools on Curve are linked to stablecoins. In addition to participating in pools, Curve users can exchange stablecoins, do native token stacking, and participate in DAOs.
The Curve Finance exchange has two native tokens that are intended for different purposes. The CRV token is used by users to participate in votes about the future of the exchange, such as the amount of fees. The CRV token is also used in staking, and there are also 3CRV tokens used for liquidity. If a user locks CRV in Curve Finance’s protocols, they can increase revenue by 2.5 times. For long-term blocking, CRV tokens are converted to veCRV.
Specifics of Curve Finance
- Participating in pools with stablecoins
- Curve DAO
- Own CRV token
- Stavlecoins exchange
- Low fees
Decentralized exchanges (DEX)
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