Curve DAO Crv Price USD

Curve is a decentralised exchange for stablecoins that manages liquidity using an automated market maker (AMM).

Curve, which was launched in January 2020, has become synonymous with the decentralised finance (DeFi) phenomena, with strong growth in the second half of 2020.

Curve created a decentralised autonomous organisation (DAO) in August, utilising CRV as its in-house token. The DAO connects several smart contracts for users' deposited liquidity using the Ethereum-based development tool Aragon. However, issues like governance differ from Aragon in terms of importance and other factors.

Curve's inventor and CEO is Michael Egorov, a Russian scientist with extensive expertise in cryptocurrency-related businesses.

In 2015, he co-founded and then became CTO of NuCypher, a cryptocurrency firm that creates privacy-preserving infrastructure and protocols.

Curve's regular staff is part of the CRV allocation structure and will get tokens on a two-year vesting timeline as part of the first launch plan.

In August 2020, Egorov stated that he "overreacted" by securing a huge number of CRV tokens in reaction to yearn.finance's voting power, granting himself 71% of control.

Curve has earned a lot of attention by staying devoted to its purpose as an AMM designed particularly for stablecoin trading.

The creation of the DAO and CRV tokens resulted in increased profitability, since CRV is used for governance and is rewarded to users based on liquidity commitment and term of ownership. The platform generates revenue by charging a minimal fee to liquidity providers.

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