The market of digital assets is expanding and covering more and more spheres of our life. If at the beginning of its existence in 2009, only narrow specialists knew about crypto, then now millions of people around the world store or trade crypto assets. In 2021, the capitalization of the crypto currency market crossed the mark of $2 trillion. In this article, we would like to discuss one promising crypto project - Curve finance.
What is CRV?
CRV is a utility crypto that serves in the Curve finance ecosystem, which enables stablecoins trading. The token was developed based on the Ethereum blockchain. The platform allows the trade of stablecoins at low fees and provides high transaction speed. In fact, Curve is a decentralized platform, but it has some crucial differences compared with other platforms for crypto exchange:
It does not provide the connection between crypto buyers and sellers like all other exchanges do.
It uses liquidity pools. Users can add liquidity by locking their coins on the platform. In return, they receive bonuses in Curve tokens.
Curve does not store users' coins in its servers.
All transactions running on the Curve exchange are conducted through smart contracts.
The platform is not responsible for users' assets.
Liquidity pools are protected his external protocols. The providers of liquidity may pick the appropriate risk and profit levels when locking their coins on the platform.
As of early December 2022, the CRV crypto price is $0.67.
Where to Purchase CRV?
Pick among the largest and most trusted crypto platforms that allow a wide range of investment tools such as spot crypto markets, futures derivatives, leverage, etc. One of the most credible exchanges is WhiteBIT. It supports over 450 crypto pairs and constantly adds new promising assets to its traded list. Besides, the exchange has a standalone educational and informational resource that publishes interesting articles on new up-and-coming crypto projects worth attention and guides on trading using different tools.