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Curve Finance is a decentralized exchange exclusively designed for stablecoins, with the key feature being that it offers very low slippage as stablecoins are exchanged directly with each other. The development team has designed the algorithm to minimize slippage, with trading fees set at 0.04%. Additionally, impermanent loss i.e. a prevalent phenomenon in liquidity pools, is much lower when compared to other platforms of its kind.
The platform was first launched in December 2019, with early work beginning in September 2019. No official team exists. However, GitHub shows that much of the development work comes from Michael Egorov, who serves as the CTO of NuCypher, a company that is building encryption technology.
In order to begin using Curve Finance, users need a web wallet like Metamask, with several others also being supported. Curve Finance currently supports the following assets: DAI, USD Coin (USDC), Tether (USDT), PAX, True USD (TUSD), Binance USD (BUSD) and Synthetix’s sUSD, as well as renBTC, wBTC and sBTC. It has also integrated with other platforms, including Compound Finance, RenVM and iEARN.
Curve Finance’s design allows users to earn additional revenue from their decentralized finance (defi) investments. The protocol does not have a native token. For example, users can hold their stablecoin asset, earning money through the Compound Finance protocol while Curve Finance rebalances the investor’s tokens to obtain the highest interest rate among a set of tokens.
Learn more about Curve Finance here, including news, price predictions, opinions and analyses created by users.
Official Site: https://www.curve.fi/
Twitter Profile: https://twitter.com/curvefinance
25 Sep 2023 3 minute read 1 comment Rubikkav
Last week, Bitcoin covered a 5% range before closing the week near $26250.54 - about 1.1% lower than the week's opening price. Altcoin marketcap dropped with Bitcoin, falling from $537 billion to $531.7 billion. Leads Weekly Rise The price of C...
30 Aug 2023 1 minute read 0 comments Crekvun
In today's fast-paced world, managing your finances efficiently is essential. The Curve app is here to revolutionize the way you handle your money. In just 60 seconds, discover how Curve is making your financial life simpler and more convenient. On...
29 Aug 2023 10 minute read 0 comments Mike Ermolaev
In late May, Michael Egorov, the founder and CEO of Curve Finance, and his spouse started making headlines across numerous crypto media outlets. It was reported and quickly disseminated that the couple had become owners of a luxurious mansion in Melb...
10 Aug 2023 1 minute read 5 comments Cryptofab
This article was first published on Medium. The recent hack of Curve Finance was a major wake-up call for the crypto community. Not only did it result in the loss of $62 million, but it also exposed a vulnerability in the programming language Vyper....
9 Aug 2023 1 minute read 1 comment Orbital Blogs
We all know there was a hacker that stole over 18 million dollars, we just don't know who he is so Curve Finance had decided to offer the public 10% to anyone that finds who did the hack. Specifially, 1.8M dollars. That is some pretty serious price...
7 Aug 2023 3 minute read 0 comments Coinpaper
The Web3 developer mentioned in the detective’s tweets about the crypto exchange hack was himself hacked in May 2023. On August 5, famous blockchain detective ZachXBT reported an update on the JPEG’d exploit, which was the result of the reentrancy at...
7 Aug 2023 3 minute read 1 comment Astroboy13
Hello everyone ! I hope you have a good day so far, in today’s article I’m going to talk about the Curve finance hack and the impact on the market in the future. Curve finance Founded in 2020 by Michael Egorov, Curve finance is an Automated Market...
6 Aug 2023 7 minute read 12 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ
As you know Curve Finance has had several problems in the last few days. The worst seems to be over, however let's see what happened, also to better understand the risks of DeFi. On July 30, 2023, a hacker exploited the vulnerability of some Curve po...
6 Aug 2023 1 minute read 1 comment Dave Sawyer
Cryptonauts we love ya!! ARE YOU READY TO ROCK!! ?? dunno if we are tldl that's a bit better.... what's funny MIGHTY WATCH ARMY!!! CRANK IT UP!!! The us gummint is always funny ! we reckon Kathie was right when she bought all that COIN early th...
3 Aug 2023 2 minute read 1 comment Cryptofab
Further to Curve Finance hack that caused a loss of $52 million, Michael Egorov, the founder of Curve Finance, recently sold 72 million CRV tokens to 15 entities in exchange for $28 million through OTC deals. As the news broke, the Ethereum DeFi comm...
