Review on Curve Finance by erdi yılmaz
Curve Finance
Curve is a decentralized cryptocurrency exchange that enables stablecoin trading with very low commissions and provides services for the DeFi sector.
Curve has managed to come a long way since its inception thanks to the DeFi sector. The management of the funds on the platform is provided by an automatic market maker.
Curve's goal is to bring DeFi opportunities such as yield farming and liquidity mining to large audiences while minimizing risks.
Curve platform needs liquidity to function. Users are rewarded with CRV for the liquidity they provide. All of the transaction fees received at the exchange are given to liquidity providers in the form of mining income, depending on the amount of liquidity they transfer to the pools.
Curve is also a platform that provides a yield farming service. It provides interest earning by automatically selecting the platform with the best interest yield, without incurring high transaction costs, between YCurve token and decentralized credit platforms such as compound and aave.
Pros
- provides users with earning opportunities such as yield farming and liquidity mining
- Curve's work on the Defi set enabled it to grow
- Among its founders, there are experienced names in the financial sector
Cons
- Provides services for the Defi sector, which always involves risks.
