Digital Assets > CRV
Curve DAO Token
Last Updated: June 26, 2024
Curve Finance (Curve.fi) is a non-custodial, decentralized exchange (DEX) built to trade stablecoins using an automated market maker (AMM).
Curve DAO Token (CRV) is an Ethereum-based token for the DEX.
Background
Curve.Fi was inspired by tech entrepreneur and software engineer Michael Egorov’s 2019 whitepaper detailing a desire for “steadier interest returns without having to hold a very volatile asset.”
Launch
Curve.Fi went live in February 2020 with CRV subsequently launching in August 2020.
How does it work?
Curve.Fi works similar to other AMMs but favors stablecoins as it aims to mitigate volatility. Curve.Fi is run by a decentralized autonomous organization (DAO) and CRV can be used to vote on changes to the DAO.
Smart contract audit
Sources and Resources
Trade crypto’s biggest assets on Bullish.
