Review on Curve Finance by Pedro O. Alvino M.
Decentralized exchange of stablecoins
In the wake of the high demands on the use of DeFi ecosystems, Curve was started by providing a decentralized trading mechanism between stablecoins between different chains with immediate liquidity, so that it works like Uniswap, but only with coins. stable and adds the introduction of smart contracts without code errors.
Due to the great usability of DeFi platforms, curve is one of the unique DeFi ecosystems in its stable currency exchange system that has made Curve one of the most used DeFi platforms today, given its ability to offer excellent exchange quotes for stablecoins and for allowing the connection of various DeFi platforms using Curve pools.
Thanks to its liquidity pools, it allows operators to obtain moderate profits for each executed exchange, and being precisely currencies without market volatility, it is ideal for those looking for a safe ecosystem without market fluctuations.
Pros
- Provides a mechanism to create cross markets for stablecoins.
- Compatible and executable smart contracts more secure from DeFi platforms.
- Add a variety of stablecoins and tokens between chains.
- Compatible as a decentralized application (Dapp) in different wallets.
- Offers numerous through its liquidity pool.
- It contains relatively cheap commissions unlike other platforms.
Cons
- Very little confidence in the previously launched governance system.
- Its native CRV token has a lot of market fluctuation that can affect the ecosystem.
- It has a very bland design.
