Stablecoins such as USDT, USDC, TrueUSD, PAX, and BUSD have encountered issues with liquidity and stability. The capital market had already seen the emergence of Uniswap and Raydium before, but they suffered from high transaction fees due to using ETH as an intermediary token along with significant slippage.
The creation of Curve addresses these shortcomings by supporting trades between two different assets or using wrapped tokens as support assets. This contributes to reducing costs per transaction.
Key highlights of the Curve project:
- Automated Market Maker (AMM) functionality.
- High and stable liquidity.
- Low transaction fees.
- Minimized slippage.
- Completely decentralized token.
As a decentralized protocol, Curve Finance is less affected by network-wide consensus changes, reducing the likelihood of hard forks as seen in cases like Ethereum Classic or Bitcoin Cash.
The value of the CRV token is also showing signs of strong recovery due to positive market signals, hinting at a new uptrend in the market. However, investors need to stay updated and swiftly react to ensure the most appropriate response to their investment portfolio. Show Less
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