Overview of Curve DAO Token (CRV)
Curve DAO Token (CRV) serves as the governance token for the Curve Finance protocol, a leading automated market maker (AMM) specializing in low-slippage swaps of stablecoins and similarly priced assets. Launched on August 13, 2020, CRV empowers users to participate in protocol governance, stake for rewards, and boost liquidity provider (LP) yields by up to 2.5x.
Key Features of CRV
- Governance: Vote-lock CRV to influence protocol decisions.
- Staking Rewards: Earn 50% of trading fees distributed to veCRV holders.
- Supply: Max cap of 3.03 billion CRV, with allocations for LPs, team, and reserves.
How Curve DAO Token Works
CRV integrates seamlessly with Curve Finance’s ecosystem:
- Liquidity Mining: Incentivizes LPs with CRV emissions.
- Vote-Locking: Converts CRV to veCRV (vote-escrowed CRV) for governance power and yield boosts.
- Fee Distribution: Half of all protocol fees are shared among veCRV stakers.
👉 Discover how to maximize CRV staking rewards
Supported Platforms for CRV Trading
CRV is tradable across major decentralized (DEX) and centralized exchanges (CEX), including:
- Uniswap (Ethereum)
- SushiSwap (Multi-chain)
- Binance, Coinbase, and OKX
The Technology Behind Curve Finance
Curve’s unique pricing formula minimizes slippage for stablecoin pairs and correlated assets. Founded by Michael Egorov (CTO of NuCypher), the protocol emphasizes:
- Capital Efficiency: Optimized pools for low-imbalance trades.
- Decentralized Governance: Community-driven upgrades via CRV voting.
👉 Explore Curve Finance’s liquidity pools
FAQs About Curve DAO Token (CRV)
1. What is the primary use case for CRV?
CRV governs Curve Finance, enabling staking, voting, and LP yield boosts.
2. How does veCRV work?
Lock CRV for veCRV to gain voting rights and higher fee shares.
3. What’s CRV’s max supply?
3.03 billion tokens, with emissions decreasing over time.
4. Which exchanges support CRV?
Top CEXs like Binance and DEXs like Uniswap list CRV.
5. How are Curve’s fees distributed?
50% goes to veCRV holders; the rest to LPs and the treasury.