In addition to that, users could use VECRVS to boost their pool rewards up to x2.5. In exchange for their locked tokens, the Curve users VECRVS tokens, which afford extra voting power. CRV tokens can be locked for a period of between one week and four years. Curve's governance token, CRV, is used for voting on proposed changes to the protocol.Curve has a 'time-weighted' voting system, meaning the longer a user holds CRV, the more voting power their tokens have. Curve's liquidity pools are also supplied to the likes of Compound's interest-earning protocol in the background, so you get extra interests on top of the trading fees.Ĭurve rewards loyalty. To achieve this, Curve needs liquidity (tokens) which is rewarded by those who provide it.Įvery time someone makes a trade on Curve.fi, liquidity providers receive a small swap fee split evenly between all providers. Curve makes use of liquidity pools like Uniswap.

Governed by smart contracts, Curve lets users and other decentralised protocols exchange stablecoins (DAI to USDC for example) with low fees and low slippage. Products: Liquidity pools, incentivized pools, CRV token.Token: CRV, governance and utility token.What? Curve is a decentralized exchange (DEX) based on Ethereum and specializing in stablecoins.Other DeFi platforms for cryptocurrency investing and trading, follow the DAO principle, meaning that it's blockchain-powered decentralized autonomous organization.įor our analysis of top DEX and DAO platforms to watch, we looked Total value locked (TVL) as a guiding metric. A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. Some of these DeFi platforms function as decentralized exchanges for cryptocurrency. DeFi platforms are available for lending, staking, trading, liquidity mining, minting, insuring - you name it. DeFi? DEX? DAO?ĭecentralized finance, or DeFi, focused on providing decentralized financial services that anyone, anywhere, can access. What are the top DeFi Projects To Watch In 2022? Koinly rounds up 5 of the top performing Decentralized Exchanges (Dex) and Decentralized Autonomous Organizations (DAO) to make money with in 2022.

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