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Lome, Maritime, Togo
5 Level
442 Review
122 Karma

Review on Curve Finance by Fanuel PORPORTY

Revainrating 5 out of 5

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

Comments (1)

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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

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