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Cryptocurrencies/Coins/Curve DAO Token (CRV)
Curve DAO Token price, market cap on Coin360 heatmap

Curve DAO Token(CRV)

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0.00005616 BTC
Market Cap (Rank#73)
29,443 BTC
Vol 24h
3,321 BTC
Circulating Supply
Max Supply
3h agocryptodaily
Curve Finance Asks Users To Revoke Recent Contracts After DNS Hack
Curve Finance became the latest target in a long list of exploits that have decimated the crypto space in 2022. The protocol reported that an exploit on the site’s nameserver and front end resulted in a loss of over $573,000. The protocol has since reported that the problem has been found and fixed. $570,000 Stolen From Curve Finance Automated Market Maker Curve Finance took to Twitter on Tuesday, warning users of an exploit on its site. The Curve team acknowledged the issue affecting the site’s front-end and nameserver, which appeared to be orchestrated by a malicious actor. The protocol stated on Twitter, “We are becoming aware of a potential front-end issue that is approving a bad contract,” the Telegram announcement read. “For now, please do not perform any approvals or swaps. We’re trying to locate the issue, but for now, for your safety, do not use or” The team made a second announcement shortly after the initial one, stating they had found the source of the problem and addressed the issue. However, the protocol has asked users to revoke any contract approvals they may have conducted over the past few hours when the protocol’s front end and nameserver were compromised. “If you have approved any contracts on Curve in the past few hours, please revoke immediately.” The attack on Curve comes hot on the heels of another exploit, suffered by Nomad, leading the protocol to lose $190 million. Exchange Unaffected Curve stated in a follow-up that its exchange, which is a separate product, was unaffected by the hack. This is because the exchange uses a different domain name system (DNS) provider. The protocol added that users should continue to use the until reverts to normal. “The issue has been found and reverted. If you have approved any contracts on Curve in the past few hours, please revoke them immediately. Please use for now until the propagation for reverts to normal.” According to Curve, the hacker appeared to have changed the domain name system entry for Curve Finance. This forwarded users to a fake clone, which approved a malicious contract. However, the program’s contract was not compromised by the hack. Alarm Bells On Twitter While the attack on Curve Finance was ongoing, Twitter users speculated on the source of the attack. User LefterisJP speculated the attacker had used DNS spoofing to execute the attack on Curve. “It’s DNS spoofing. Cloned the site, made the DNS point to their IP where the cloned site is deployed, and added approval requests to a malicious contract.” Other users on Twitter were quick to warn fellow users about the ongoing exploit, stating that the protocol’s front-end had been compromised, while others noted that the hacker had stolen over $573,000. A Significant Impact On Curve The timing of the exploit could not have been worse for, which was winning favor with analysts, who had stated in July that despite the recent market downturn, Curve remained a viable option in the space. Researchers have several reasons for their bullishness around the protocol, specifically pointing out the growing demand for Curve DAO token deposits, the protocol’s yield opportunities, and its revenue generation thanks to stablecoin liquidity. This observation came after the protocol launched a new algorithm that allowed the exchange of volatile assets, promising to allow low-slippage swaps between any volatile assets. The pools use internal oracles and a bonding curve model, previously deployed by market makers such as Uniswap. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
We Show How (GLO) Compares To The Early Days Of MakerDAO (MKR) And CurveDAO (CRV)
Picking up the right crypto coin at the right time can be key in the future of your portfolio. The most money is made by those who invested in the early days of a project, before it went mainstream and hit the big exchanges. That's where the real upside is. And there's one community-driven token that many are talking about and comparing it to the early days of MakerDAO and CurveDAO. They're all DAO-based projects, and GLO could be set up to go on to rival the likes of CRV and even surpass it in the coming months. That's why it could be a great addition to your portfolio right now, especially as it's still available during pre-sale at a huge discount. That means you get to enjoy incredible potential gains that could skyrocket when more and more people find out about it. Now is the time with GLO, here's why... Uniglo (GLO) Uniglo makes full use of an active DAO, giving full votes on all major decisions and really rewarding its users for being part of the project. These users are also rewarded with an incredibly strong range of features and potential strong price growth that isn't prone to massive price dumps or over-speculation. It shares some similarities with the early days of MKR and CRV, but also arguably has even more upside. If you're worried about growing inflation and how your dollars are becoming worth less and less over time, you might want to consider GLO as the perfect solution. It's completely deflationary, thanks to ultra-burn mechanics that make the token more scarce over time, alongside a full 1:1 asset-backed store of value with the GLO vault. The GLO vault is made up of a range of investments that include stablecoins, crypto, NFTs and even digitized versions of real-world assets like gold. This means it cannot be printed, and supply will continue to go down. That also means getting in early is key if you want all those upsides and more. So now could be the ideal timeframe to invest in GLO. MakerDAO (MKR) MakeDAO is an incredibly strong stablecoin, with a ton of benefits for holders. These include a strong and stable price, and a model that's based on being an unbiased currency. That means it isn't over-reliant on speculation, and gives holders a price they can have full faith in. CurveDAO (CRV) Curve acts as an exchange liquidity pool on the Ethereum blockchain that makes it easy for anyone to trade stablecoins. It's an incredibly efficient platform, and is arguably already the heart of the stablecoin trading world. It started off small like GLO, but went on to big things. Just like GLO could too. Conclusion GLO shares some similarities with the early days of CRV and MKR. But it also has a range of unique solutions that could set it up for an even bigger future. That's why it's recommended by analysts across the space right now. Find Out More Here: Join Presale: Website: Telegram: Discord: Twitter: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
13 days agocryptodaily
Uniswap Takes Significant Step Towards “Fee Switch”
Uniswap’s community took a big step towards its “fee switch,” which could have significant implications for both the Uniswap protocol and all UNI token holders. The fee switch has been the subject of long debates in the DeFi community, thanks to its potential implications on the community. What Is The “Fee Switch?” Currently, users have to pay 0.3% to trade on Uniswap. Out of this small percentage, the entire amount is sent to the liquidity providers for that particular trade. However, if the “fee switch,” also called the “protocol charge,” comes into play, then liquidity providers would only get around 0.25%, while the remaining .05% would theoretically go to UNI token holders, who would be getting this fee for just holding their UNI tokens. However, it remains unclear how UNI holders would capture this value and whether they would be able to avail of it as more yield on their holdings or more airdrops. For example, SushiSwap, a fork of Uniswap, allows users to earn .05% on all trades if they hold a staked version of the SUSHI token. According to the team at Uniswap, the redirected funds could be allocated to a decentralized funding mechanism that could be used to support contributions to the Uniswap ecosystem. The Uniswap community could access this fee through a governance vote, meaning if enough users want the fee switch, they can vote and get it. How The Fee Switch Brings Value To UNI Holders So how much value can this bring to UNI holders? Over the past month, Uniswap has seen a daily volume that hovered between $37 million and $130 million. Assuming this equals an average of $83 million, .05% of which would equal $41,500, distributed to UNI token holders daily. This figure has been decided based on an average volume, so the actual figure could be much higher or lower. This means that the more UNI tokens one held, the more one could earn. For token holders, this is hugely enticing. What’s The Holdup? Liquidity providers currently get 0.3% from every transaction on Uniswap. The holdup is that these liquidity providers wouldn’t be too happy to see their earnings drop. As a result, there is the possibility that a drop in their earnings could see them pull their holdings from Uniswap, which could adversely affect its liquidity and impact the entire decentralized exchange. This is what makes a fairly straightforward choice for UNI token holders a fairly tricky one for the ecosystem as a whole. A Middle Ground However, there are attempts to find a middle ground, with one suggestion coming from the CEO and co-founder of the no-loss lottery project PoolTogether, Leighton Cusack, who suggested testing the fee switch in a limited testing capacity on only a few pools to gauge their reaction. According to Cusack, trying out the fee switch in low-stake pools would allow the Uniswap community data and time to understand how the assets accrued through the fee switch should be used. “Flipping The Switch” Is An Opportunity Cusack stated that the decision isn’t as straightforward or binary as it is being made out to be, stating that he believed it should be discussed as an opportunity that would allow them to “think creatively about how protocols, governance, and value accrual can work in Web3.” He said he sees it as much more than just free money for holders. Instead, the sum could be used for project grants or to sponsor developers. However, with UNI enjoying a bull run over the past month, the community may be reluctant to do anything that could drive away the bullish sentiment. An analyst at IntoTheBlock, Juan Pellicer, confirmed the sentiment in the community, stating, “UNI has been performing better than other ‘blue-chip’ DEXs such as CRV (#94), SUSHI (#134), or BAL (#176). This overperformance compared to its competitors shows that UNI does not necessarily need to accrue revenue. Liquidity providers margins are already low, and removing some of their income with the fee switch could cause a potential liquidity loss to the protocol.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
46 days agocryptodaily
A Helpful Introduction to DeFi
DeFi is short for decentralised finance. It uses blockchain and cryptocurrency technology to manage financial transactions. It aims to democratise finance by replacing centralised, legacy institutions with peer-to-peer relationships. DeFi hopes to provide a full spectrum of financial services, from loans and mortgages to everyday banking. This article will include three cryptocurrencies that use DeFi. These are RoboApe (RBA), Cardano (ADA) and Curve DAO Token (CRV). Cardano (ADA) and Curve DAO Token (CRV) are established cryptos while RoboApe (RBA) is currently in presale. You Can Win With RoboApe (RBA) RoboApe (RBA) is an upcoming meme coin that intends to use DeFi to establish a communal environment for its users via its education, live broadcast events, games, and marketplace. The marketplace will allow users to trade and even mint their NFTs. The RoboApe Academy will be present on the platform. This will give crypto beginners a better understanding of the crypto market through a variety of articles and educational videos. It will also show users how to get the most out of their RBA tokens. This is a brilliant idea by RoboApe as many beginners jump into crypto without any knowledge of the market. The RoboApe (RBA) ecosystem intends to function as a community-driven DAO. It will give users voting rights when matters concerning the platform are brought to attention. It is vital for ensuring that the future of the platform aligns with the vision of its users. Cardano (ADA) Showing Promising Signs DeFi is the key to Cardano (ADA) as it is one of the largest networks that support functionalities like DeFi and smart contracts. The usefulness of dApps is growing in various industries. Cardano (ADA) has over 900 scripts for dApps, and with smart contracts in place, it can deploy these dApps on a large scale. Cardano (ADA) is making a name for itself among pop culture figures. Most recently, by Snoop Dogg. Snoop Dogg is going to release an exclusive NFT collection on the Cardano (ADA) blockchain. Cardano co-founder, Charles Hoskinson is also rumoured to appear in one of Snoop Dogg's future music videos. This will undoubtedly increase the popularity and value of Cardano. The crypto giant currently sits as the 7th most popular cryptocurrency in the world, with a market cap of over $16 billion. Its current metrics show signs of recovery after the crypto collapse as ADA sees a 3.04% increase in 24 hours at the time of writing. This DeFi project is worth considering for your summer portfolio. Huge Increase For Curve DAO Token (CRV) DeFi is one of the fastest-growing sectors of the crypto industry, and Curve DAO Token (CRV) is at the forefront of it. Curve Finance is one of the most efficient stable coin swapping protocols in DeFi. With the CRV token, it has become one of the most popular projects in the market. Curve DAO Token holders can make on-chain decisions. They can earn trading commissions, get airdrops and engage in governance with the CRV token. When the Curve DAO is locked for long periods, the number of voting power holders increases and vice versa. Curve DAO Token (CRV) has seen a remarkable recovery since its temporary drop in value last week. The token has recorded a 9.57% increase in 24 hours at the time of writing. It is one of the most exceptional recoveries after the crypto collapse, prompting investors to put it in their portfolios. To Summarise DeFi has become a huge part of the crypto industry. Many crypto heavyweights have seen the opportunities it holds and have taken advantage of it. Cardano (ADA) and Curve DAO Token (CRV) are both seasoned veterans in this sector. They can provide substantial returns on your investment and offer DeFi to their users. RoboApe (RBA) is a meme coin with tremendous potential. It's currently in its presale stage making it the perfect opportunity to invest early and reap huge returns when it launches. For more information, please visit the following websites: Presale: Website: Telegram: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
51 day agocointelegraph
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
L2 scaling solution Synthetix collaborated with Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC and sUSD/3CRV, allowing investors to convert synths into tokens.
61 day agocryptodaily
Top Decentralized Exchange Projects Set To Bloom in 2022: Convex Finance (CVX), Aave (AAVE), Parody Coin (PARO)
Decentralized exchanges (DEX) are non-custodial exchanges that allow users to buy, sell, swap, trade, and stake crypto tokens. They do not hold any funds and users are free to move within the protocol as they wish. There are various kinds of DEXs, some focus on only one blockchain e.g. Uniswap (UNI) allows users to swap between any Ethereum (ETH) ERC-20 tokens. On the other hand, other DEXs support multiple currency pairs across multiple chains. There is a DEX for every kind of trade which makes them a valuable part of the crypto ecosystem, yet with the number of systems available, it can be challenging for investors to know which are the most worthwhile to invest in. Here are the top decentralized exchanges investors should watch in 2022: Convex Finance (CVX), Aave (AAVE), and Parody Coin (PARO). These projects are using unique methods to provide liquidity for the crypto ecosystem. Here is a brief breakdown of each project. Convex Finance (CVX) Convex Finance (CVX) is a liquidity protocol that allows Curve (CRV) token holders to stake their CRV tokens in return for boosted CRV rewards as CVX tokens and staking fees without staking on Curve. This helps CRV token holders to unlock more liquidity without tying down their capital on the Curve protocol. Furthermore, this act makes Convex Finance (CVX) one of the biggest players in the CRV wars, a battle for CRV tokens. Curve is the largest DEFI protocol by TVL (Total Value Locked) or simply put the amount of liquidity staked on the protocol. The goal is to gain as many CRV tokens as possible so Convex Finance (CVX) can influence the interest rates on the Curve platform. By acquiring the CRV token, Convex Finance (CVX) would be in the position to control the exchange and regulate interest rates. The CRV token is the governance token of the DEX which makes it quite valuable. As a big player, it is set to bloom in 2022. Aave (AAVE) Aave (AAVE) is a DEX that allows its users to borrow and lend crypto in exchange for fees. Lenders can deposit their crypto into liquidity pools while borrowers use their crypto as collateral to take out leveraged loans. Borrowers pay fees to the liquidity pools which lenders share in proportion to how much liquidity was contributed to the pool. Aave (AAVE) was initially launched as ETHLend in 2017 but rebranded in 2018. The protocol has since been a pivotal DEX for users to stake crypto and earn fees. The Aave (AAVE) token serves as the governance token of the protocol. It gives its users the right to vote on decisions affecting the future of the protocol. In addition, borrowers can use the AAVE token to reduce the fees they have to pay when they borrow from the pool. Parody Coin (PARO) Parody Coin (PARO) is a multi-chain DEX aggregator that sources liquidity across various chains. It would allow investors and traders to find the best pools across multiple chains while optimizing fees and interest earned on deposited crypto. With Parody Swap, users can swap seamlessly between crypto pairs with little or no slippage. Furthermore, the PARO token is used to distribute rewards and incentivize its users to continue using the protocol. The Parody Coin (PARO) protocol is going to change the way liquidity is sourced in crypto. It will allow users to eliminate the burden of high fees by bringing liquidity to one spot. In addition, it will help traders compare pools and get the best return for their liquidity. To be a part of the Parody Coin (PARO) project, join their presale now. Check below for official links. Join Presale: Website: Telegram: Twitter: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
63 days agocryptodaily
The Three DAO Coins That Could Gain Importance: FIREPIN Token (FRPN), Curve DAO Token (CRV), and Compound (COMP)
There are many DAO coins in the crypto world. Three, in particular, have the potential to gain significant importance in the coming years: FIREPIN Token (FRPN), Curve DAO Token (CRV), and Compound (COMP). Each of these coins has unique features that could make them popular with users and investors alike. Keep an eye on these coins as they grow in popularity! An Advanced Metaverse Coin: FIREPIN Token (FRPN) The FIREPIN Token (FRPN) project, which has the potential to create an entirely different universe by building the Metaverse world on a decentralized financial system, is seen as one of the most exciting works of 2022. This project, which many investors followed during the presale process, plans to create both a financially stable token and an advanced metaverse that can be used for different purposes in the future. FIREPIN Token is designed with multichain technology. With the swap platform within the project, transactions can be made between other tokens quickly. The token uses an algorithmic reserve mechanism to maintain its value and price stability in the future. The FIREPIN Token (FRPN) project is a project that plans explicitly to act together with the community. Therefore, it plans to decentralize its administration from the first quarter of 2023 completely. It is planned to support the Metaverse to be created in the project with technologies such as VR and AR. In this way, an NFT market where in-game items will be traded is also planned in the FIREPIN Metaverse, which will offer a much more realistic experience to the players. The token, which has financial opportunities such as staking and yield farming, also aims to always make a profit for its long-term investors with a feature called FIREPIN Insta Rewards. Commissions from transactions are collected in the airdrop pool and then distributed to long-term investors as rewards. In this way, it is ensured that investors can earn regular and passive income without any extra action. The Liquidity of Curve DAO Token (CRV) Curve DAO Token (CRV) is a cryptocurrency created to be used as a governance token for the Curve DAO. The Curve DAO is a decentralized autonomous organization responsible for managing the Curve protocol, a decentralized exchange liquidity pool. Curve DAO Token, which is ranked 78th in the Coinmarketcap ranking, has a market capitalization of $ 550 million. Curve DAO Token, which has a stable structure, contains a remarkable crypto ecosystem, especially for long-term investors. DAO Serviced Compound (COMP) Compound (COMP) is a decentralized crypto asset that tracks the underlying asset’s value. It is an ERC20 token that is burned and minted similarly to how the Dai stablecoin works. The main difference between Compound and Dai is that a decentralized autonomous organization governs COMP. MakerDAO created the COMP token, and its purpose is to serve as collateral for the DAI stablecoin. As of May 2022, the market value of Compound is about $408 million. Conclusion: While it is still early days for DAO tokens, a few have shown potential and could be worth keeping an eye on. The three we’ve highlighted FIREPIN Token, Curve DAO Token, and Compound each have something unique to offer investors and could be essential players in the DAO ecosystem as it grows. If you haven’t already, consider adding these tokens to your portfolio and watch them as they continue to develop. Links: FIREPIN FRPN Join Presale: Website: Telegram: Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
83 days agocoindesk
Curve Finance Proposes to End CRV Token Emissions on All UST Pools
On-chain participants are already voting “yes” to end CRV emissions from any liquidity pools involving UST.
127 days agocryptodaily
OpenZeppelin Discovers $15 Billion Rug Pull Vulnerability In Convex Finance
A routine security audit turned into a potential nightmare for Convex Finance as OpenZeppelin’s security team discovered a vulnerability during a security review of the Convex Finance protocol. The bug, if exploited, could have potentially put Convex’s locked value, $15 billion at the time, at risk, giving explorers direct control over it. It is interesting to note that documentation by Convex had stated that such a level of control over its locked value would not have been possible. Since its discovery, the Convex team has been quick to patch the vulnerability. Details Of The Bug OpenZeppelin shed light on the bug's discovery and subsequent patching in a blog post. Convex, one of the most prominent DeFi protocols, had a significant bug that put $15 billion of its locked value at risk. The protocol holds a majority of Curve Finance’s CRV tokens. Curve is a leading stablecoin automated market maker that provides around 1/10th of the decentralized economy’s liquidity. The bug discovered by OpenZeppelin’s Security Research Team meant that if two or three signers of Convex’s multisig execute a specific series of steps, they gained unrestricted access to Liquidity Provider tokens that have been staked in a target pool configured by the LP token and target gauge. Documentation from Convex showed that such a scenario should not be possible, but has since been updated. This made the resolution slightly tricky. However, the vulnerability was patched on 14th December 2021. You can find out more about how the bug could have been exploited here. Disclosure Complications We mentioned that the bug’s disclosure was slightly tricky for OpenZeppelin’s team. Let’s understand why. It becomes slightly complicated if a team finds a protocol vulnerability that can be exploited or patched only by the protocol in question’s developer team. This vulnerability provides an ideal window for how misaligned incentives and imperfect situational knowledge could lead to complications when it comes to disclosures of vulnerabilities. In the case of Curve, the vulnerability could only be exploited by Convex’s anonymous developers. OpenZeppelin was confident that the vulnerability on Convex was unintentional, but they could not be certain. Another layer of complication was that even if the Convex team was unaware of the bug, disclosure created an incentive for developers on Convex to act maliciously, with $15 billion up for grabs. While OpenZeppelin was willing to give the benefit of the doubt to Convex developers, the implications were significant if it were proved to be wrong. The Way Forward With The Disclosure OpenZeppelin’s concerns could be dispelled if Convex revealed the developers' identities. However, this could lead to security concerns at Convex’s end, with developers losing their anonymity. OpenZeppelin’s team was thus left with three ways forward. Disclosing the vulnerability details to Convex - This carried some risk as if the vulnerability was intentional, the disclosure would have prompted developers to execute their intended rug pull. Disclose the vulnerability to the community - While there was some argument in favor of disclosing the vulnerability to the community at large, OpenZeppelin felt this course of action would have been irresponsible. Two possible scenarios could have emerged from this course of action. If the vulnerability were disclosed and was intentional, developers would have executed their rug pull. However, if it were unintentional, it would have caused significant harm to Convex’s reputation. Obtain assurances that the Convex team would not exploit the vulnerability and then disclose - This was the approach taken by OpenZeppelin, with the team reaching out to bug bounty partner Immunefi for an intermediary between Convex and OpenZeppelin. Addition Of Publicly Known Persons To Convex Multisig Adding publicly known participants to the Convex multisig was key to reducing risk. OpenZeppelin’s security team and the anonymous developers at Convex agreed that the addition of publicly known parties to the multisig was the best course of action, making a rug pull impossible to execute. After communication between OpenZeppelin and Convex was established, the latter patched the vulnerability. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
197 days agocointelegraph
Here’s 5 altcoins to study as crypto prices drop close to a 1-year low
Crypto prices continue to take a beating, but value-focused investors might consider taking a closer look at MATIC, FTM, DOT, FXS and CRV.
228 days agocointelegraph
5 cryptocurrency projects that made waves in 2021
UNI, AAVE, CRV, AXS and DOGE are a few of the top cryptocurrency projects in 2021 that helped transform the face of the cryptocurrency ecosystem and paved the way to mass adoption.
285 days agocointelegraph
3 reasons why Curve (CRV) price is trending toward a new 1-year high
This week CRV price rallied toward a new 1-year high, but what’s behind the move?
287 days agocointelegraph
Secret, Curve and Shiba Inu gains suggest that altseason is coming
SCRT and SHIB surge to new highs, while CRV’s rally breaks a nearly year-long sideways trend.
287 days agobitcoinexchangeguide
CRV Pumps to Lead DeFi as Curve Finance Hits $100 Billion in Overall Volume
Total value locked (TVL) in Ethereum decentralized finance (DeFi) protocols has surpassed $160 billion to hit a new all-time high at $163.52 bln. But while DeFi tokens haven’t got the memo as they continue to lag behind the rest of the market with L1s stealing all the limelight, Curve is one of the exceptions. Curve […] The post CRV Pumps to Lead DeFi as Curve Finance Hits 0 Billion in Overall Volume first appeared on BitcoinExchangeGuide.
329 days agocointelegraph
​​Governance proposals and layer-two launches provide a boost to altcoins
RGT, CRV and SNX saw double-digit rallies after new governance proposals and migrations to layer-2 platforms.
348 days agobitcoinexchangeguide
YFI’s Andre Cronje Builds a Tool to Bribe Curve Token Holders, Proposes to Implement in DeFi Blue Chips Too
DeFi blue-chip project Yearn Finance creator Andre Cronje has released 1.1.0 to add bribes for DAO votes. As soon as is updated, Cronje said, anyone will be able to deploy a DAO vote for a gauge, add bribes to have the DAO vote approved, and rent out other users’ unused veCRV to give […] The post YFI’s Andre Cronje Builds a Tool to Bribe Curve Token Holders, Proposes to Implement in DeFi Blue Chips Too first appeared on BitcoinExchangeGuide.

About Curve DAO Token

The live price of Curve DAO Token (CRV) today is 1.2991 USD, and with the current circulating supply of Curve DAO Token at 524,282,193.13 CRV, its market capitalization stands at 681,092,752 USD. In the last 24 hours CRV price has moved -0.1372 USD or -0.10% while 66,496,244 USD worth of CRV has been traded on various exchanges. The current valuation of CRV puts it at #73 in cryptocurrency rankings based on market capitalization.

Learn more about the Curve DAO Token blockchain network and how it works or follow the price of its native cryptocurrency CRV and the broader market with our unique COIN360 cryptocurrency heatmap.

Curve DAO Token (CRV) is the native token of Curve Finance, a decentralized exchange for trading cryptocurrencies — particularly stablecoins — at low slippage and without the involvement of any intermediary. 

At its core, Curve Finance is a liquidity pool on Ethereum that aims to facilitate highly-efficient decentralized trading and offers yield to its liquidity providers. The platform also supplies liquidity to Yearn.Finance and Compound protocols and passes on the revenue to its liquidity providers. This is made possible by Curve Finance’s AMM (Automated Market Maker) system. As a result, Curve Finance has rapidly emerged as one of the largest Defi platforms in the space in terms of TVL or Total Value Locked.

While Curve Finance was launched in February 2020 by a Russian software engineer named Michael Egorov, Curve DAO, the platform’s decentralized autonomous organization which overlooks its governance, came into being a few months later, in August 2020. The platform has thrived on the DeFi trading boom, with its AMM system delivering large volumes of liquidity and resultantly noteworthy user profits.

CRV price

The CRV token’s price instantly shot up to an all-time high of $60.50 after the Curve DAO launch in August 2020. However, it soon retraced to under $2 within a month and further plummeted to $0.33 by the end of November. CRV price, consequently, closed the year 2020 at a value of around $0.6. 

Boosted by a market-wide positive sentiment, CRV price sprung back to life by mid-January 2021 and rallied on to break out of the $4 resistance by mid-April 2021. A corrective phase followed amidst larger market sell-offs, and bears were back in business. The CRV coin almost lost support at $1 on May 23, 2021. 

The next upward trend in CRV price came during 2021’s second crypto bull run in November/December, which catapulted Curve price to $6.8 on Jan. 4, 2022. Its price has since receded and was again testing the $1 support in Q2 2022.

How CRV works

CRV, the native token of Curve DAO, is used for governance of the Curve Finance platform. The token holders get to vote on DAO proposals and thus participate in important decisions that impact the Curve platform’s workings.

Curve DAO is built atop Aragon, an Ethereum-based tool/platform that aids the creation of efficient decentralized autonomous organizations. It uses Aragon’s functionalities to connect various smart contracts deployed for users providing liquidity. 

CRV tokens have three primary uses – staking, voting and boosting. To get involved in these three functions, you’ll need to lock your CRV tokens and obtain veCRV in return. veCRV is short for vote-escrowed CRV, a reflection of locked-up CRV for a certain time period. Below are the conversion details, sourced from their website:

1 CRV locked for 4 years = 1 veCRV

1 CRV locked for 3 years = 0.75 veCRV

1 CRV locked for 2 years = 0.5 veCRV

1 CRV locked for 1 year   = 0.25 veCRV

Hence, the more the number of CRV tokens you stake for a longer time period, the more voting power you receive. All CRV holders who stake/lock their tokens also receive fees generated by the various liquidity pools running on Curve Finance. In addition, they also earn a boost of up to 2.5x on the rewards generated by their liquidity.

CRV news, updates and highlights

The year 2021 saw the beginning of a phenomenon called the ‘Curve Wars’ which continued well into 2022 as well. The Curve war is essentially a race between different protocols doing everything possible within their means to make sure that their preferred pools on Curve Finance are delivering the highest CRV rewards to users. This considerably increased the buying pressure for CRV, since the token is needed to obtain voting rights. Yearn Finance, Convex Finance and StakeDAOHQ are some of the biggest names engaged in these Curve wars. A point came in November 2021 when Curve had to invoke the Curve Emergency DAO and halt reward emissions to a certain pool, deeming a protocol’s behavior as a clear governance attack.

In another significant CRV news, in May 2022, Curve Finance integrated Aurora, an EVM (Ethereum Virtual Machine) layer built on the Near protocol. The integration allows Curve users to connect to the Aurora network through their Ethereum wallets, and access the decentralized application’s deep liquidity pools, without having to wait or pay high gas fees.

Frequently asked questions about CRV

  • Can you mine or stake CRV?

No, you cannot mine CRV. However, CRV coins can be staked to earn a percentage of the trading fees collected on the Curve Finance platform, as staking rewards.

  • What are some of the best CRV wallets?

CRV being an ERC-20 token can be stored in any crypto wallet compatible with Ethereum tokens. Some of these include Metamask, Ledger Nano X, Guarda Wallet and Atomic Wallet.

  • What can you do with CRV coins?

You can use your CRV tokens to earn staking rewards, vote on various Curve DAO proposals and get a boost on your liquidity rewards. You may also lend your CRV tokens to earn yield through various DeFi products.

  • How to buy CRV?

It is best to buy CRV from a well-known crypto exchange. You’ll normally find it paired with various popular crypto coins including ETH, BTC, USDT and XRP.

Curve DAO Token Price1.2991 USD
Market Rank#73
Market Cap681,092,752 USD
24h Volume76,828,448 USD
Circulating Supply524,282,193.13 CRV
Max Supply3,303,030,299 CRV
Yesterday's Market Cap676,541,000 USD
Yesterday's Open / Close1.4281 USD / 1.2909 USD
Yesterday's High / Low1.4281 USD / 1.2683 USD
Yesterday's Change
-0.10% ( 0.1372 USD )
Yesterday's Volume66,496,244 USD
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