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Curve dao token (CRV)

$ 0.427100000000000000

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Description

Curve DAO Token (CRV), is a cryptocurrency token which powers Curve Finance, a collection of Uniswap-like automated market makers (AMMs). CRV is the incentivization layer and governance token of the Curve finance protocol. Curve is built to best adapt and adjust to modern-day DeFi usage needs. It enables automated liquidity services across multiple protocols and exchanges to minimize the cost of decentralized tokens across various markets. CRV was founded by Michael Egorov, a computer science professor, and former Google engineer. With 10 years of experience in software engineering, distributed systems and cryptography, Egorov is a major online influence in the crypto space. What makes Curve DAO Token crypto currency unique is its ability to provide automated liquidity services across multiple protocols and exchanges. This helps minimize the cost of decentralized tokens across various markets. Curve has also implemented a trustless governance layer which is powered by a voting system to foster community-based decision making and drive ongoing protocol development. It allows user-governed decision making with voting-weight determined by CRV token-holders. In order to voice an opinion in the decision-making process, users must hold CRV. CRV is used as a governance token to vote on protocol decisions. It is used to power the Curve DAO, and governance rights over Curve Finance is vested in the token. It is also used to incentivize traders to provide liquidity to different Curve pools in order to reduce slippage. Token-holders can also receive staking rewards from Curve by locking-in liquidity and earning a percentage of pool trading fees. CRV can be purchased and sold on popular crypto exchanges like Binance, Huobi Global, OKEx, Gate.io, and Uniswap Exchange. Comment: I think it's great that Curve DAO Token crypto currency provides automated liquidity services across multiple protocols and exchanges. The trustless governance layer with the voting system is also very interesting. It's great that CRV is used to incentivize traders to provide liquidity to different Curve pools and also to receive staking rewards.