Curve (Ethereum)

What Is Curve Finance?

Curve Finance is a decentralized liquidity pool designed specifically for stablecoin trading. It differs from traditional exchanges by employing an Automated Market Maker (AMM) model instead of relying on order books. This innovative approach matches liquidity providers and traders seamlessly. Notably, Curve Finance operates as a decentralized and permissionless protocol, enabling anyone to contribute liquidity to one or more of the available liquidity pools. The AMM's constant product formula ensures the highest level of efficiency while minimizing slippage for traders.

Curve Pools and Token Swaps

The core of Curve Finance is its smart contract-based liquidity pools, which implement the StableSwap invariant. These pools enable the exchange of two or more tokens. Users can conduct token swaps between paired stablecoins, known as Plain Pools, or between wrapped tokens, where the underlying collateral is lent out on another protocol, referred to as Lending Pools. Additionally, Curve Finance offers Metapools that pair stablecoins with LP-tokens from another pool.

Availability Across Multiple Chains

Curve Finance is accessible on various blockchain networks, including Ethereum, Arbitrum, Aurora, Avalanche, Fantom, Harmony, Optimism, Polygon, xDai, and Moonbeam. However, users often need to bridge their assets from Ethereum to these chains to utilize the Curve protocol fully. Given its central role in decentralized finance (DeFi), the protocol has attracted significant attention, leading to what is known as the "Curve Wars," where multiple protocols vie for control over its governance.

Who Is the Curve Finance Founder?

Curve Finance was founded by Michael Egorov, who previously served as the co-founder and Chief Technology Officer (CTO) of NuCypher, a cryptocurrency infrastructure protocol. Egorov also established LoanCoin, a decentralized banking and loans network. Before entering the cryptocurrency industry, he pursued his education at the Moscow Institute of Physics and Technology and the Swinburne University of Technology.

When Did Curve Finance Launch?

Curve Finance made its debut in June 2020, emerging during the "DeFi Summer," a period of notable growth and innovation within the decentralized finance sector.

Where Is Curve Finance Located?

Based on information from CBInsights, Curve Finance has its headquarters in Switzerland.

Curve Finance Restricted Countries

As of the current information available, there are no specific details regarding restricted countries. However, users from nations subject to U.S. financial sanctions may potentially encounter geoblocking measures.

Curve Finance Supported Coins List

Curve Finance facilitates liquidity pools for prominent stablecoins like DAI, USDC, USDT, FRAX, and TUSD. Additionally, it enables token swaps between wrapped tokens such as wBTC, wETH, and wstETH, a derivative of staked Ether native to Lido.

How Much Are Curve Finance Fees?

According to the protocol, the standard fee applied to all pools is 0.04%. This fee is evenly split, with half going to liquidity providers and the other half allocated to veCRV holders. veCRV holders gain enhanced governance rights by staking their tokens for specific time periods.

Is It Possible To Use Leverage or Margin Trade on Curve Finance?

Curve Finance primarily offers token swaps and does not provide leverage or margin trading options to its users.