Curve Finance

About Curve Finance Curve Finance is a decentralized automated market maker (AMM) protocol launched in January 2020 by Michael Egorov, purpose-built for efficient stablecoin and correlated-asset swaps with minimal slippage and ultra-low fees.

The protocol operates across 20+ blockchain networks including Ethereum, Arbitrum, Optimism, Polygon, Avalanche, and BNB Chain, making it one of the most widely deployed multi-chain DeFi infrastructure layers in existence.

Curve's proprietary StableSwap invariant algorithm and CryptoSwap pools allow it to offer sub-0.04% trading fees — far lower than generic AMMs — while maintaining deep liquidity for stablecoin pairs like USDC, USDT, and DAI.

Beyond swapping, Curve introduced crvUSD, its native overcollateralized stablecoin, and a lending market powered by the LLAMMA (Lending-Liquidating AMM Algorithm) mechanism, expanding its protocol into a full-stack DeFi money market.

veCRV token holders govern the protocol, vote on gauge weights to direct CRV emissions, and earn 50% of all trading fees distributed weekly in crvUSD — creating a deep flywheel of liquidity incentives.

Curve recorded $122.3 billion in trading volume in 2025 with a TVL ranging between $1.8B–$2.9B, cementing its role as foundational DeFi infrastructure for institutional-grade on-chain liquidity management.

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