Business Description

Curve Finance is a decentralised exchange (DEX). Although similar to other DEXs such as Uniswap and Balancer Curve Finance focuses on the exchange of stablecoins, such as USDC or DAI, and on wrapped versions of assets like wBTC or tBTC. As a result of the increase in cryptocurrency adoption and Defi yields farming many traders now have an increased need to swap stablecoins as efficiently and economically as possible.

After the DeFi trend set by Uniswap, many DEXes have come about, each trying to iterate and solve pain points within decentralized finance. As the space invents and strategizes to compete with its centralized analogs, it copes with problems like low liquidity, high trading fees, and a comparatively worse user experience. And with an explosion in users, fees are getting higher and higher. Especially present with DEX AMMs that are built on Ethereum, high fees resulting from Ethereum’s low network throughput have plagued DeFi proponents.

• Reviews & Ratings
• Write a Review