Review on Curve Finance by Fanuel PORPORTY
Curve is the benchmark for decentralized stablecoin exchanges
The Curve protocol allows exchanges between stablecoins, at the best possible rate and by limiting fees. It is therefore a decentralized exchange based on Ethereum, specializing in stablecoins. The principle of operation is based on liquidity pools, so instead of directly exchanging tokens between them, users will trade directly against a smart contract. This will recover the asset to be exchanged and return the one desired by the buyer at the current exchange rate.
Curve has a particularity, it allows extremely low slippage during trades. This is made possible by the function used by the protocol's automated market maker -AMM-.
Pros
- Like all AMM, Curve offers rewards to encourage liquidity providers to deposit their funds.
- Curve offers a double yield
Cons
- Tough competition
New products
Comments (1)
December 12, 2020
Good reviews! Curve is an exceptional project, it focuses on stablecoins! A worry is how to make money with stablecoins? Stablecoins are not supposed to be volatile like bitcoin and altcoins
