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Curve is a decentralized exchange (DEX) that specializes in trading cryptocurrencies that track a specific price, such as stablecoins pegged to the U.S. dollar and wrapped tokens like WBTC, which follows Bitcoin’s price. By focusing on these assets, Curve can offer users more predictable pricing, especially for large trades, compared to competing DEX platforms. Curve is widely used for stablecoin swaps. Users can also provide liquidity to Curve and earn rewards.
The CRV token is the platform’s governance token. By locking CRV tokens, users can vote on protocol changes and receive a share of transaction fees collected by Curve.
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