Curve Finance, also known as Curve or the Curve protocol, is a leading automated market maker (AMM) and one of the biggest names in the decentralized finance market on Ethereum. The Curve protocol has been home to numerous liquidity pools and its proprietary formula and has offered high liquidity, low slippage, and low transaction fees for ERC-20 tokens.
The Curve DAO is a decentralized autonomous organization responsible for managing the decentralized governance of the Curve Finance platform. It leverages the CRV cryptocurrency as its governance token, empowering token holders with voting rights by locking their CRV tokens and providing liquidity.
Put simply, Curve was formed to offer crypto users a way to exchange their ERC-20 tokens in a decentralized manner without any intermediaries and in an efficient and low-cost manner. Curve uses liquidity pools to maintain sufficient liquidity, offers low slippage and low transaction fees, and rewards liquidity providers who lend their crypto assets to the platform in exchange.
As of January 2023, the Curve protocol works on several leading blockchain networks outside the Ethereum ecosystem. Some supported side chains include Arbitrum, Aurora, Avalanche, Celo, Fantom, Kava, Gnosis, Moonbeam, Optimism, and Polygon.
