CRV Curve DAO Token
Source: CRVUSD Chart by TradingView
Curve DAO (Decentralized Autonomous Organization) is a decentralized platform built on the Ethereum blockchain that aims to provide a stable and efficient market for trading stablecoins.
The platform utilizes a unique liquidity pool algorithm called the “Curve”, to ensure that users can trade stablecoins with minimal slippage, or the difference between the expected price of a trade and the actual executed price.
The DAO is governed by the holders of its native token, CRV, who can vote on important decisions such as adding new stablecoins to the platform, adjusting the parameters of the liquidity pools, and proposing and implementing new features.
The goal of Curve DAO is to create a decentralized, community-driven platform for stablecoin trading that is more efficient, transparent, and fair than centralized exchanges.
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