Similar to Uniswap, Curve Finance is an Automated Market Maker (AMM) based Decentralised Exchange (DEX). Unlike Uniswap, its main focus is only to swap between assets that are supposed to have the same value. This is useful in the DeFi ecosystem as there are plenty of wrapped tokens and synthetic tokens that aim to mimic the price of the real underlying asset.
For example, one of the biggest pools is 3CRV, which is a stablecoin pool consisting of DAI, USDT, and USDC. Their ratio in the pool will be based on the supply and demand of the market. Depositing a coin with a lesser ratio will yield the user a higher percentage of the pool. As such when the ratio is heavily tilted to one of the coins, it may serve as a good chance to arbitrage.
Curve Finance also supports yield-bearing tokens. For example, it collaborated with Yearn Finance to release yUSD pools that consisted of yDAI, yUSDT, yUSDC and yTUSD. Users that participated in this pool will not only have yield from the underlying yield-bearing tokens, but also the swap fees generated by the Curve pool. Including the yield farming rewards in terms of CRV tokens, liquidity providers of the pool actually have three sources of yield.
Where is Curve DAO available for purchase?
You can exchange CRV tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Curve DAO is Binance, notably the CRV/USDT pair, which saw a trading volume of $ 60,50 MLN. in the past day. Additionally, MEXC and Toobit are popular alternatives for trading tokens.
What is the highest value Curve DAO (CRV) has ever reached?
Curve DAO (CRV) reached its peak price at 15.37 $ on 14 August 2020, approximately 5 years ago ago. Presently, the current price is -94.24% lower than this all-time high.
What is the historical minimum price for Curve DAO (CRV)?
The minimum price reached for Curve DAO (CRV) was 0.1803 $, documented on 05 August 2024, more than a year ago. In comparison, the current price is 390.28%, it above this historical low.
What is the fully diluted valuation of Curve DAO (CRV)?
The fully diluted valuation (FDV) of Curve DAO (CRV) stands at $ 2,11 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 3,030,303,031 CRV tokens. The realization of this FDV might take several years depending on the emission schedule of CRV tokens.
How to add Curve DAO (CRV) to MetaMask?
By integrating Curve DAO (CRV) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import CRV as a token. You can either manually import CRV by copying its contract address (0xd533a949740bb3306d119cc777fa900ba034cd52) or use MetaMask's Chrome extension to add CRV with a single click through P.CASH.
How to add Curve DAO (CRV) to TrustWallet?
Incorporating Curve DAO (CRV) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include CRV, you can either manually import it using the contract address (0xd533a949740bb3306d119cc777fa900ba034cd52) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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