Cryptos

What is Curve DAO?

Publié le: Sep 12, 2024Mis à jour le: Sep 18, 2024
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En résumé

Explore the Curve DAO ecosystem, the role of its native token, CRV, and learn how to buy the CRV token using Trust Wallet.

What is Curve DAO?

Launched in 2020, Curve DAO is a decentralized autonomous organization (DAO) that governs the Curve Finance platform. The Curve Finance platform enables efficient and low-slippage trading of stablecoins and other ERC-20 tokens. The Curve ecosystem is powered by its native governance token, CRV, which plays an important role in the platform's operations and governance.

In this article, we will explore the Curve DAO ecosystem, the CRV token and learn how to buy the CRV token using Trust Wallet.

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Before You Get Started

Remember that you can use Trust Wallet as your secure CRV wallet. Buy, sell, and swap crypto all in one place.

Trust Wallet also lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

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What is Curve DAO?

Curve DAO is a decentralized exchange (DEX) that uses an automated market maker (AMM) model to enable the trading of stablecoins and similar assets. Curve uses liquidity pools to enable users to swap tokens directly with smart contracts. Liquidity pools minimize price slippage and transaction fees, making it particularly useful for large trades involving stablecoins, which are designed to maintain a stable value relative to fiat currencies.

The Curve platform was founded by Michael Egorov, a Russian scientist with a background in cryptocurrency and blockchain technology. The Curve DAO was established to provide decentralized governance, enabling CRV token holders to participate in decision-making processes regarding the platform's future, including changes to fees, liquidity pools, and other operational aspects.

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The Role of CRV Token

CRV is the native utility and governance token of the Curve DAO ecosystem. CRV token holders can vote on proposals that affect the protocol, such as modifying fee structures or introducing new liquidity pools. The voting power is proportional to the amount of CRV held and the duration for which it is locked, incentivizing long-term commitment from users.

Users who provide liquidity to Curve's pools are rewarded with CRV tokens. CRV tokens can also be staked to earn additional rewards from trading fees and other protocol incentives. Staking rewards encourage users to hold and lock their tokens, enhancing the overall stability and governance of the Curve ecosystem.

The total supply of CRV is capped at approximately 3.03 billion tokens, with a significant portion (62%) allocated to liquidity providers, to encourage growth and engagement within the platform.

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How Curve Works

Curve operates on the Ethereum blockchain and employs a unique algorithm known as stableswap. Stableswap maintains stable exchange rates between similar assets. This algorithm reduces slippage during trades, making it particularly effective for stablecoin transactions.

Curve's liquidity pools are filled with assets contributed by users, who receive liquidity tokens in return. These liquidity tokens can be used to claim a share of the trading fees generated by the platform. The combination of low slippage and competitive fees positions Curve as a preferred choice for traders looking to swap stablecoins and other ERC-20 tokens.

Advantages of Using Curve

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How to Buy CRV Using Trust Wallet

You can buy crypto, including CRV, using Trust Wallet, via our trusted partners. Here’s how:

If using the mobile app:

If using the browser extension:

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.