Curve Finance is a decentralized exchange, stablecoin issuer, and lending protocol. The protocol was initially launched around the StableSwap mechanism, an automated market maker specifically designed to facilitate exchanges between stablecoins and other similarly valued assets while minimizing slippage and impermanent loss for liquidity providers. It also enables more efficient pricing and lower trading costs. Over time, Curve expanded its infrastructure to include pools for volatile assets, enabling trading between assets such as ETH or BTC. Curve introduced crvUSD, an over-collateralized stablecoin that uses a soft-liquidation mechanism designed to manage liquidation risk while maintaining its peg. This mechanism underpins LlamaLend, a market where users can borrow against collateral. The protocol supports permissionless deployment of liquidity pools and lending markets and uses the CRV token for governance and incentive distribution.
Curve Finance is a decentralized exchange, stablecoin issuer, and lending protocol. The protocol was initially launched around the StableSwap mechanism, an automated market maker specifically designed to facilitate exchanges between stablecoins and other similarly valued assets while minimizing slippage and impermanent loss for liquidity providers. It also enables more efficient pricing and lower trading costs. Over time, Curve expanded its infrastructure to include pools for volatile assets, enabling trading between assets such as ETH or BTC. Curve introduced crvUSD, an over-collateralized stablecoin that uses a soft-liquidation mechanism designed to manage liquidation risk while maintaining its peg. This mechanism underpins LlamaLend, a market where users can borrow against collateral. The protocol supports permissionless deployment of liquidity pools and lending markets and uses the CRV token for governance and incentive distribution.
