What is Curve?
Curve is DeFi platform aim to achieve deep on-chain liquidity by using advanced bonding curves. in January 2020 Curve announces arrival of uniswap like decentralized exchange protocol for stablecoin and crypto asset. The first aim curve finance is to provide efficient, fees less, secured and low slippage and lower risk returns for liquidity providers. Curve designed low fee algorithm specially for stablecoin liquidity that enable user earn passive income.
Curve Finance officially launched native token i.e. Curve DAO token aka CRV that uses to reward liquidity provider in curve pool. However, Token distribution was started since January 2020 after community deploy it. liquidity pool rewards will be depended on how much time user provide liquidity. CRV will act as governance token for voting and future development suggestion, so major decision will be taken by community member. 62% from supply will be distributed to provider and other supply will equally distributed shareholders, Employee and team members.
CRV governance ecosystem follows time-weighted voting that maximize contribution of community. Curve Finance uses value capture mechanism that ultimately help to promote different pools. CRV also pushes long term liquidity providing pattern with locking mechanism to accrue rewards.
CRV Price Prediction
|Month & Year||CRV Price Prediction|
|Project name||Curve Finance|
|Ticker Symbol||CRV or Curve DAO token|
|All-time high||$28.56 USD|
|Exchange Platform||OKEx, Uniswap, Poloniex, Gate.io, 1inch Exchange, Hobit, Hoo.|
CRV Price Analysis
We have Uniswap who dominating Ethereum DeFi since last 1 year and after following footstep Curve Finance will be competitor for uniswap. We know success of uniswap on the market similarly CRV will have same potential, where it uses same protocol and algorithm. The CRV help user to maximize their liquidity pool rewards using smart contract based on Ethereum Blockchain. Before listing of CRV has unknown value and after listing it is trading at $25.68 USD.
CRV Worth investing in 2020?
Is Curve DAO Token a Good Investment?
Yes, suggested to be liquidity provider to earn passive income with Stablecoin
Curve becoming one most promising DeFi Protocol on the DeFi space. Curve comes with some great concept for long term and short-term investment plan with liquidity pool. DeFi offer great benefit and changes whole scenario of blockchain market, where there more than 100 DeFi based project launched and curve one of those projects who work as pillar of future innovation. The purpose is simple curve wanted to provide simple Ethereum asset and stablecoin transfer on the same platform.