What is Curve (CRV)? Curve is a decentralized stablecoin exchange that uses an Automated Market Maker (AMM) to manage liquidity. Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon and saw significant growth in the second half of 2020. In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its internal token. . The DAO uses the Ethereum-based creation tool Aragon to link multiple smart contracts used for user-deposited liquidity. Issues such as governance, however, differ from Aragon in their weight and other aspects. Who are the founders of Curve? The founder and CEO of Curve is Michael Egorov, a Russian scientist who has various experiences with cryptocurrency-related businesses. In 2015, he co-founded and became CTO of NuCypher, a cryptocurrency company that creates infrastructure and protocols for privacy protection. Egorov is also the founder of the decentralized bank and LoanCoin lending network. The regular Curve team is part of the CRV allocation structure and will receive tokens according to a two-year allocation schedule as part of the initial launch plan. In August 2020, Egorov said that he had "overreacted" by locking up a large number of CRV tokens in response to yearn.finance's voting power, assigning himself 71% governance in the process. What makes Curve unique? Curve has gained significant attention following its stablecoin-specific AMM mandate. The launch of the DAO and CRV token has generated increased profitability, given the use of CRV for governance, as it is awarded to users based on liquidity commitment and duration of ownership. The explosion of DeFi trading has ensured Curve's longevity, with AMM generating huge amounts of liquidity and profits for associated users. As such, Curve will appeal to anyone involved in DeFi activities such as yield farming and cash mining, as well as those looking to maximize returns without risk by holding theoretically non-volatile stablecoins. The platform makes money by charging a modest commission that is paid to liquidity providers. Related Pages: Learn more about Uniswap (UNI) here. Learn more about SushiSwap (SUSHI) here. Beginner in cryptocurrencies? Get all the information you need about the industry with Alexandria, CoinMarketCap's dedicated educational resource. How many Curve (CRV) coins are in circulation? Curve (CRV) was launched in August 2020, along with Curve DAO. Its purpose is to serve as a means of governance, incentive structure, and commission payment method, along with a long-term earning method for liquidity providers. The total supply of CRV is 3.03 billion tokens, most of which (62%) are distributed to liquidity providers. The rest is distributed as follows: 30% to shareholders, 3% to employees and 5% to the community reserve. Allocations for shareholders and employees are provided on a two-year vesting schedule. CRV had no pre-mining, and the phased launch of the tokens means that around 750 million are expected to be in circulation a year after launch. How is the Curve network protected? Curve complies with the standard risks associated with depositing funds into smart contracts and managing AMM, namely temporary loss. Since Curve only supports stablecoins, the risk of markets moving too quickly is reduced, but users can still lose money once the markets rebalance to reflect cross-prices. Curve has been verified, but this does nothing to counter the risks associated with exposure to a specific cryptocurrency. Where can you buy Curve (CRV) CRV is a freely tradeable token and is available against cryptocurrency, stablecoin and fiat currency pairs on major exchanges. These include Binance, OKEx, and Huobi Global, which have the most trading volume as of September 2020. Are you new to crypto and want to know how to buy Bitcoin (BTC) or any other token? Find out the details here.