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curve_wars.md | ||
README.md |
curve
tl; dr
- curve is a decentralised exchange for stablecoins, with low slippage in swapping, and featuring a 3-token pool. * curve support 3 categories of exchanges: stablecoins, stable pegged assets, and non-stable pegged assets.
- CRV is the native token, whose main utility is governance. veCRV is locked to vote decisions and rewards. monthly CRV unlocks from the release schedule and the trading fees generated on the platform are distributed to each pool's liquidity provider.
- a new stablecoin design called lending-liquidation amm algorithm (LLAMMA) is being github-ed.
- for mev, volume is the key factor to influence price slipage due to the slipage design of curve