Decentralized exchange and liquidity pool Curve Finance (CRV) surpassed $1 billion in total locked value on August 17, only 3 days after the CRV token was launched.
- Curve Finance was launched in January 2020
- CRV governance token was launched on August 14, after an anonymous developer pre-empted the launch
- Prior to CRV's launch, locked in value was approximately $200 million, gaining an extra $800 million in just a few days
- Curve joins heavyweight Maker (MKR) and lending protocol Aave (LEND) in the $1 billion locked in value club
- The Curve Finance platform allows for efficient trading for stablecoins, with low fees and slippage
- Curve Finance is also part of a yield farming program with Syntethix (SNX) and Ren (REN)