Curve Dao Token(CRV)
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Modified on: Thu, 21 Sep, 2023 at 4:49 PM
Curve DAO token (CRV) is a governance token used to govern the Curve protocol through a decentralized autonomous organization (DAO). The protocol has gained popularity through its innovation on the bonding curve for its Automated Market Maker (AMM), which makes it cheaper to swap between major stablecoins like USDT, USDC, and DAI. Liquidity providers can earn a yield on their stablecoins by depositing their assets into Curve while traders can trade directly with the smart contract. CRV holders will be able to participate in the governance of the protocol and stake their tokens for yield.
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