Curve is a decentralized exchange and automated market maker for stablecoins, which has become synonymous with the DeFi phenomenon since its launch in January 2020. It has shown significant growth, especially in the second half of 2020.
Curve has gained attention as an AMM designed for stablecoin transactions. The launch of its DAO and CRV tokens brought increased profitability through the use of CRV in governance, and rewards based on liquidity commitment and duration of ownership.
The rise in DeFi transactions and the ability of AMMs to transfer large amounts of liquidity and corresponding user profits have ensured Curve’s longevity. Therefore, Curve has become attractive for those participating in DeFi activities such as yield farming and liquidity mining, as well as for those looking to maximize risk-free returns by holding conceptually non-volatile stablecoins.
The platform earns money by charging reasonable fees from liquidity providers. In August, it launched a decentralized autonomous organization (DAO) using Aragon, an Ethereum-based building tool, to consolidate numerous smart contracts used for the liquidity provided by users.
The founder and CEO of Curve is Russian scientist Michael Egorov, who has diverse experience in the field of cryptocurrency. Egorov is also the co-founder and CTO of NuCypher, a crypto business focused on privacy-protecting infrastructure and protocols, and the founder of LoanCoin, a decentralized banking and lending network.