Curve DAO (CRV) Price

Name: Curve DAO
Brand: Cryptocurrency
SKU: CRV
Price: 0.45079 USD
Availability: InStock
Rating: 4,7 (7 reviews)

CRV

Curve DAO

4,7

★

$0.45079

1.95%

Today's Current Price in US Dollar

Market cap

540,296,852.0

Total volume

36,072,701

Circulating supply

1,197,006,510

Total supply

2,109,873,245

Buy / Long

Sell / Short

Much like Uniswap, Curve Finance operates as an Automated Market Maker (AMM) within the realm of Decentralized Exchanges (DEX). However, Curve sets itself apart by primarily facilitating the exchange of assets meant to hold equivalent value. In the DeFi sphere, this proves invaluable due to the abundance of wrapped and synthetic tokens designed to parallel the value of actual assets.

Take the 3CRV pool as an illustrative case. This stablecoin collective pools together DAI, USDT, and USDC. The distribution of these coins within the pool is determined by market supply and demand dynamics. Contributing a coin that is underrepresented in the pool's ratio can grant an investor a larger share of the pool. This imbalance often presents lucrative opportunities for arbitrage.

Additionally, Curve Finance extends its support to tokens that generate yield. A notable collaboration with Yearn Finance led to the creation of yUSD pools, incorporating yield-bearing variants like yDAI, yUSDT, yUSDC, and yTUSD. Engaging in these pools not only provides returns from the tokens' inherent yield but also from the transaction fees collected by the Curve pool. Further augmenting the incentive to provide liquidity, participants can also earn farming rewards through CRV tokens, thus offering a tri-fold revenue stream.