Review on Curve Finance by Naomi Ilani
Curve Finance
JJust yesterday, I reviewed the first DEX (Decentralized Exchange) I have ever used and found it quite interesting. Over the course of reviewing this exchange platform, I doubted the fact that there would be any as good as that. But, I was wrong. There seems to be another DEX that has some advantages over the other. I wouldn't be spelling out these advantages so as to avoid having anyone feel unsecured instead, I would be going straight to the features I enjoyed most in the exchange platform.
The DEX I'm talking about is known as Curve Finance. Before now, we believed that platforms that have been in existence for quite a long time are the best, it doesn't seem to be so any longer as some new platforms might have been founded by people that have been in the blockchain network for quite a long time. That happens to be the exact case of Curve Finance. It was established in the year 2020 by a Russian physicist, Michael Egorov. It looks quite new right? Yeah, but the founder isn't as he has been in the blockchain network since the year 2013 when he bought some Bitcoins and mined some Litecoins in 2014/2015. The exchange platform, like many DEXs was launched on the Ethereum network.
Curve Finance presently happens to be amongst the top 3 DEXs when it comes to trading volume, this is to show how populated the exchange platform is, one should have quickly figured the fact that it was possible due to some things. One of which is the large number of cryptocurrencies they have available. Most traders gets attracted to this as the exchange platform gives them a wide range of choices to make.
The exchange platform also doesn't charge for trades made although they charge a meagre fee for withdrawals. Their user interface is another thing worth mentioning. It didn't really surprise me though, as the founder has worked with other companies, leaving him some ample years of experience.
Pros
- They don't charge for every trades made and charge a meagre fee for withdrawals
- The exchange platform was founded by aan who is well experienced in the blockchain network
- They have one of the largest trading volumes among DEXs
Cons
- I'm yet to find any
