Question 1

What is Curve DAO Token (CRV)?

Accepted Answer

Curve DAO Token (CRV) is the governance token of the Curve Finance protocol. It is used to incentivize liquidity providers on the Curve platform as well as engaging more users in the governance of the protocol. CRV is used for voting, staking and boosting. Vote locking CRV allows users to acquire voting power and earn a boost of up to 2.5x on the liquidity they provide. CRV holders can stake their CRV to receive trading fees from the Curve protocol and 50% of the trading fees are distributed to veCRV holders. The max supply of CRV is 3.03b and it is distributed to community liquidity providers, shareholders, employees and the community reserve. CRV was officially launched on the 13th of August 2020 and the circulating supply was 0 at launch. With the help of scripts, users can initiate the burn process to convert trading fees into 3CRV and distribute them to veCRV holders.

Question 2

What is Curve Finance?

Accepted Answer

In short, Curve Finance is an automated market maker protocol designed to facilitate the swapping of tokens that remain in a relatively similar price range, with low fees and slippage. It is a decentralized liquidity aggregator where anyone can add their assets to several different liquidity pools and earn fees. The pricing formula used by Curve is designed to minimize slippage as much as possible between the different tokens.

Question 3

Who created Curve Finance?

Accepted Answer

Curve Finance was created by Michael Egorov, the CTO of a computer and network security company called NuCypher.


1CRV	ERC20	ONE	0x352cd428EFd6F31B5cae636928b7B84149cF369F	2021-07-05
ABCRV	ERC20	ARB	0x11cdb42b0eb46d95f990bedd4695a6e3fa034978	2021-06-17
CRV	ERC20	ETH	0xd533a949740bb3306d119cc777fa900ba034cd52	2020-08-12
CRVE	ERC20	AVAX	0x249848beca43ac405b8102ec90dd5f22ca513c06	2021-09-09
ECRV	ERC20	NRG	0xd3319EAF3c4743ac75AaCE77befCFA445Ed6E69E	2021-03-03
HPCRV	HRC20	HT	0x6BCE534a02f8347f747124082Ef3e35Dd696748D	2021-02-26
MCRV	ERC20	FTM	0x1e4f97b9f9f913c46f1632781732927b9019c68b	2021-02-19
MCRV	ERC20	GLMR	0x7c598c96d02398d89fbcb9d41eab3df0c16f227d	2022-01-12
MCRV	ERC20	MOVR	0xfea7a6a0b346362bf88a9e4a88416b77a57d6c2a	2021-09-13
MCRV	ERC20	KAVA	0x965f84D915a9eFa2dD81b653e3AE736555d945f4	2022-09-15
MCRV	ERC20	CELO	0x173fd7434b8b50df08e3298f173487ebdb35fd14	2022-06-03
MCRV	ERC20	AVAX	0x47536F17F4fF30e64A96a7555826b8f9e66ec468	2021-09-29
OBCRV	ERC20	XDAI	0x712b3d230F3C1c19db860d80619288b1F0BDd0Bd	2020-09-25
PCRV	ERC20	POL	0x172370d5cd63279efa6d502dab29171933a610af	2021-03-10
RENCRV	ERC20	AVAX	0xD1d1c5C5055cBa2Bd9Dd2a3e99F2958D25845568	2021-11-26