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Curve DAO Token CRV

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1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Description

Curve can be defined as software that uses a multitude of cryptocurrencies in order to operate an automated market-making service that is focused on stablecoins.

Curve can be defined as software that uses a multitude of cryptocurrencies in order to operate an automated market-making service that is focused on stablecoins.

It is built on Ethereum and is a decentralized finance (DeFi) protocol that facilitates the process of trading without using a central order book, and instead uses pools of cryptocurrencies that are provided by the users who can earn fees throughout their deposit.

As such, Curve gives cryptocurrency users a way to earn fees on their assets while also letting traders buy as well as sell those assets at better prices.

The main way Curve DAO differentiates itself is in the way that it focuses on the stablecoin markets. Stablecoins are meant to track the price of U.S. dollars, while others are made to track the price of Bitcoin, in any case, Curve handles both. The main goal of Curve is to allow stablecoins to be traded with low fees and almost zero variation in their price.

The CRV Token Explained

The CRV token is used to vote on decisions governing the platform. It is an essential part for users that want to ensure that Curve is properly managed. Anyone that owns CRV tokens can vote on proposals that can impact the platform as a whole alongside all of its users. Those who have held CRV tokens for the longest period of time have a higher say when it comes to voting.

They can also determine which type of locked assets can be promoted, how the users who lock their coins on the platform get rewarded as well as if CRV tokens need to be eliminated from the economy.

The main appeal of this token is for people who have a genuine belief that stablecoins will continue to grow and diversify when it comes to their usage.

Features of Curve DAO Token

Discussing the features of Curve, the trading platform is actually governed by a mathematical feature that lets stablecoins trade for one another at the best possible price and is called the bonding curve.

The bonding curves are employed by other DeFi cryptocurrencies as well, but Curve’s is only focused on stablecoins as previously discussed.

Then you have lending pools that require a group of users to lock up their assets so that they can be traded by others. Curve keeps the coins throughout specific ratios to one another and this means that as their amounts fluctuate, they become cheaper or more expensive.

So why should users lock up their assets? Well, to incentivize this, Curve offers them a return on their coins as well as a proportion of the fee from trades. This return is actually generated when Curve supplies the locked funds to protocols that lend the coins out to users.

In terms of Governance, in 2020 3 billion CRV tokens were generated when the platform issued its native token. 60% of these were allocated to the users who locked their coins on the platform, and 30% were reserved to the Curve team as well as investors. The remainder? Well, that is set aside for employees and for a reserve for community initiatives.

Founders of Curve DAO Token (CRV)

Discussing the founders, Curve was founded by Michael Egorov, who is a Russian scientist. In 2015, he also co-founded and became the CTO of NuCypher, which is a cryptocurrency business that builds privacy-oriented infrastructures and protocols. Alongside this, he is also the founder of a decentralized bank known as LoanCoin.

2. Price

$CRV / USD

2.1. Market Performance

How does Curve DAO Token's (CRV) performance compare to assets of a similar market capitalization?

30 Day Return

5.4%

CRV

7.8%

Similar Market Cap

60 Day Return

40.9%

CRV

67.5%

Similar Market Cap

1 Year Return

126.6%

CRV

224.5%

Similar Market Cap

3. Developer Activity

We're monitoring 34 Curve DAO Token Github repos for commits, code additions and deletions. This data is factored into the Developer Rank.

Weekly Commits (All Curve DAO Token Repos)

Commits vs. The Market

  • Past 4 weeks: 90 commits vs. an average of 40
  • Past 12 weeks: 376 commits vs. an average of 144
  • Past year: 2,134 commits vs. an average of 980

Most Active Repos

Past week 0
Past 12 weeks 0
Past year 539
Past week 1
Past 12 weeks 39
Past year 398
Past week 34
Past 12 weeks 97
Past year 390
Past week 51
Past 12 weeks 182
Past year 292
Past week 0
Past 12 weeks 0
Past year 239
Past week 10
Past 12 weeks 117
Past year 191
4. Social Activity
Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Telegram Users 14,168
Twitter followers 166,517
5. News
6. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.curve.fi/
Explorer https://etherscan.io/token/0xd533a949740bb3306d119cc777fa900ba034cd52
Twitter @curvefinance
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