A decentralized exchange for stablecoins
Curve is a decentralized exchange, meaning it is operated by algorithms without any central authority. It has a 1990s-style user interface, and uses an automated market maker / liquidity pool model like Uniswap does. Curve focuses specifically on stablecoins, such as Maker’s Dai, which are assets pegged to a reserve currency, such as the US dollar. This makes them (surprise!) more stable. Curve provides steady interest returns to those who provide stablecoins without users having to pay high fees or deal with slippage (price change between the time an order is placed and when it is actually executed). Curve’s governance token is called CRV.
Curve has been a top decentralized exchange by volume, offering traders lots of liquidity at low fees and low slippage. Currently, Curve has more than 33 that provide varying returns depending on the weights of assets in the pool and their performance. It is particularly useful for owners of stablecoins, and has formed partnerships with other popular Decentralized Finance applications, such as Compound and Yearn Finance.