Curve DAO Token (CRV)

  • Official Website: curve.fi
  • Definition: Curve is a decentralized exchange (DEX) optimized for stablecoin trading, and CRV is its governance token.
  • Category: DeFi, Token.
  • What It Is: A platform for low-slippage stablecoin trading and yield farming.
  • Function: Enables efficient trading of stablecoins and governance of the Curve protocol.
  • Analogy: Think of Curve as a digital currency exchange. It specializes in stablecoins and offers low fees.
  • Pros: Low slippage, strong use case for DeFi, governance participation.
  • Cons: Complexity, competition from other DEXs.
  • Controversies: Smart contract risks, regulatory scrutiny.

This page was last updated on January 28, 2025.