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How CRV & dao have impacted curve?

The launch of the DAO and CRV token brought in further profitability, given CRV’s use for governance, as it is awarded to users based on liquidity commitment and length of ownership. The explosion in DeFi trading has ensured Curve’s longevity, with AMMs turning over huge amounts of liquidity and associated user profits.

What is curve (CRV) & how does it work?

Curve, as mentioned above, works as an Automated Market Maker allowing users to deposit stable assets to receive yield as trading fees are split evenly between liquidity providers. The yield can be in the native token, CRV.

What is curve finance?

Curve Finance is a DAO governed by the CRV token which launched in August 2020. Curve Finance specializes in pegged assets such as stablecoins. The protocol is written using the Vyper programming language. The Curve Finance white paper, originally named StableSwap was written by Russian physicist, Michael Egorov on November 10th, 2019.

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