Curve Live Price

What is Curve?

Curve DAO Token or CRV is an Ethereum token powering up Curve.fi, which is a decentralized exchange (DEX) and utilizes an automated market maker (AMM) protocol to manage liquidity. The CRV token is awarded to users based on their length of ownership and liquidity commitment. This decentralized autonomous organization (DAO) was introduced by Curve in January 2020. Curve is a leading name in decentralized finance or the DeFi phenomenon, gaining traction a few months after launching in January 2020. AMMs have seen a boom in user profits and liquidity, helping them gather attention, especially for stablecoin trading. It is designed to make swapping similar ERC-20 tokens easy, such as Ethereum-based BTC tokens like DAI and USDC and stablecoins such as renBTC and WBTC. It uses Aragon, the Ethereum-based creation tool, to manage liquidity and connect smart contracts. Users staking coins into the platform's liquidity pools are rewarded with a cut from the trading fees. CRV is a governance token in the ecosystem, allowing liquidity providers or LPs to earn from completed swaps. The current market cap for CRV is $634 million, with about 750 million in circulation. The total supply is marked at 3.03 billion tokens, with 62% being distributed to LPs.

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How much is Curve worth?

Curve (CRV) is worth 1.94 USD as of March 15, 2022, 2:16 am UTC time. View the interactive graph to see how much Curve has changed in the last hour or historically. Curve (CRV) is an Ethereum token that powers Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is designed to make it easy to swap between similar ERC-20 tokens, primarily stablecoins (like USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC). In order to minimize impermanent loss, the protocol only hosts pools of similar assets. This means you can provide USDC-DAI-USDT liquidity on Curve, but not, for example, USDC-WBTC. The CRV token can be locked for various periods of time (up to 4 years) in order to vote on governance and claim protocol fees as a reward.