Curve DAO Token’s (CRV) current price is $0.5088**, with a 24-hour trading volume of **$85.14 million. Over the past day, CRV has remained stable (±0.00%). The token has a circulating supply of 1.36 billion CRV and a max supply capped at 3.03 billion CRV.
What Is Curve DAO Token (CRV)?
The Curve DAO Token (CRV) is the governance token for the Curve Finance platform, featuring time-weighted voting and value-accrual mechanisms. Built on Ethereum, CRV powers Curve.fi—a decentralized exchange (DEX) and automated market maker (AMM) protocol optimized for low-slippage swaps between similar ERC-20 tokens, particularly:
- Stablecoins (e.g., USDC, DAI)
- Wrapped Bitcoin tokens (e.g., WBTC, renBTC)
CRV incentivizes liquidity providers (LPs) and enables holders to participate in decentralized governance.
History of Curve DAO Token
- Launch: January 2020 by Russian scientist Michael Egorov.
- CRV Release: Initially planned for 14 August 2020, but an independent developer deployed the smart contracts a day earlier, leading to an unplanned 80,000 CRV pre-mine.
- Initial Supply: 1.3 billion CRV (~43% of max supply).
Despite early skepticism, Curve Finance embraced the launch due to CRV’s rapid adoption.
How Curve DAO Token Works
- Liquidity Pools: Users deposit comparable assets (e.g., stablecoins) to minimize impermanent loss and earn fees.
- Low-Slippage Swaps: Optimized for stablecoin trades, ensuring efficient pricing.
- Governance: CRV holders vote on protocol upgrades, fee structures, and pool additions.
👉 Discover how to stake CRV for maximum yields
Key Use Cases of CRV
- Liquidity Mining: Earn trading fees by providing liquidity.
- Governance: Influence Curve.fi’s future via time-weighted voting.
- Yield Boosting: Pair CRV with other DeFi protocols for enhanced returns.
FAQ
Q: Where can I buy CRV?
A: CRV is available on major exchanges like Crypto.com and DeFi platforms like Curve.fi.
Q: What’s the max supply of CRV?
A: 3.03 billion CRV, with ~1.36 billion currently circulating.
Q: How does Curve minimize slippage?
A: By specializing in similar-asset pools (e.g., stablecoins).
👉 Learn advanced CRV staking strategies
Curve DAO Token bridges DeFi traders and liquidity providers, offering a gas-efficient, governance-driven ecosystem. Whether you’re swapping stablecoins or voting on proposals, CRV is central to Curve Finance’s success.
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