Curve DAO Logo

Curve DAO CRV

Curve DAO header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
52W High price $6.51
52W High date 4th Jan 2022 (8 months ago)
All Time High (ATH) Date 14th Aug 2020 (2 years ago)
ATH Price $15.37
% From ATH -94.07%
All Time Low (ATL) Date 5th Nov 2020 (1 year ago)
ATL Price $0.33
% From ATL 174.89%
Supply & Trading Volume
Trading Volume (24h) $40.48M
Total Supply 1.83B
Max Supply 3.30B
Circulating Supply 391.96M
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.

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2. Price

CRV/USD

2.1. Market Performance

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

30 Day Return

-15.5%

CRV

-17.0%

Similar Market Cap

60 Day Return

-32.6%

CRV

-11.7%

Similar Market Cap

1 Year Return

-59.3%

CRV

-64.4%

Similar Market Cap

3. Developer Activity

We're monitoring 45 Curve DAO GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Curve DAO Repos)

Commits vs. The Market

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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

Top Developers 2022

In total, 3X9pK (Upgrade to view) developers have contributed to Curve DAO over the past year. Who are the most active Curve DAO developers, by commits, over the past year?

Related Projects

Developers working on Curve DAO also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 733
Active Reddit Users (past 24h) 20
Discord users
Active Discord Users
Telegram Users 16,364
Twitter followers 315,577
5. News
7. 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/0xd533a949740bb3306d119...
Twitter @curvefinance
reddit /r/CurveDAO
Whitepaper https://www.curve.fi/stableswap-paper.pdf

What is the correct contract address for Curve DAO?

Sora 0x002ead91a2de57b8855b53d4a62c25277073fd7f65f7e5e79f4936ed747fcad0
Energi 0xd3319eaf3c4743ac75aace77befcfa445ed6e69e
Fantom 0x1e4f97b9f9f913c46f1632781732927b9019c68b
Ethereum 0xd533a949740bb3306d119cc777fa900ba034cd52
Polygon-pos 0x172370d5cd63279efa6d502dab29171933a610af
Arbitrum-one 0x11cdb42b0eb46d95f990bedd4695a6e3fa034978

Has Curve DAO been audited for security?

No security audits found for this project.

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