Curve

Curve is one of the emerging decentralized finance (DeFi) protocols built on Ether, which does not use a central order book but instead uses a pool of user-provided cryptocurrencies to conduct transactions, while users can earn revenue from their deposits. Among the many existing DeFi protocols, Curve is one of the few that matches products with markets by accomplishing specific goals valued by market participants.The math behind Curve is complex, but the idea is simple.Since its launch in January 2020, Curve has quickly become the leader of the Ethernet DeFi circuit, just like Uniswap and Balancer, anyone can deposit tokens into Curve and become a liquidity provider. In doing so, users are rewarded with a token swap fee. CurveFinance is an automated market maker (AMM) designed to help similarly priced tokens make low slippage substitutions. Stable coins pegged to USD (such as DAI, USDT and USDC) or tokens pegged to BTC (such as sBTC, RenBTC and WBTC) can be traded against each other at optimal prices through it. In order to trade stablecoins on a common decentralized trading platform like Uniswap, Curve was developed as an alternative. Since Uniswap's algorithm is not optimized for this type of trading, Curve's introduction creates better liquidity and more competitive prices for stablecoins. As a result, DeFi lenders can quickly and efficiently exchange USDT for USDC even though the currency market rates will change.