Should you invest in Curve coin?

[Bitcasino.io Support]

Hey crypto fans,

Despite only being launched in 2020, Curve has already solidified its place as one of the most competitive and leading players in the space of decentralized finance and is showing no signs of slowing down.

Built on the Ethereum blockchain, Curve (CRV) or also known as Curve Finance is decentralized finance that can facilitate seamless trade and liquidity between stablecoins and other digital assets. It is the brainchild of Michale Egorov, a Russian physicist who has been experimenting with various DeFi platforms since 2018. Learn more about this technology, Curve coin prediction and more below.

How does it work?

What makes Curve Finance different from other DeFis is that it’s designed to categorise cryptocurrencies, including stablecoins, with the same value in pools by liquidity providers. In return for offering liquidity, these providers or users will be incentivised.

Curve is made up of several pools. Currently, there are 17 pools with stablecoins such as USDT, USDC, DAI and BUSD while the rest are for wrapped Bitcoins or ERC tokens on the Ethereum Network that represent BTC such as wBTC, rentBTC and sBTC.

Curve uses deposited assets to provide liquidity through a technology called Automated Market Maker or AMM. This eases trading between stablecoins, resulting in lower fees and minimal slippage which happens when traders experience a price change when buying crypto. However, it’s important to note that if an asset doesn’t belong in the same price range, the formula used for executing the trade won’t take place.

What are liquidity pools?

In the DeFi ecosystem, liquidity pools are the foundation of facilitating seamless trades between assets. At its core, a liquidity pool is a digital pile of funds bound by smart contracts and funded by users who earn income through transaction fees. Every time they complete a transaction, a certain percentage of tokens is deposited into the liquidity pool.

This virtual ‘pool’ of money enables decentralised trading and lending. Liquidity pools give an advantage to both buyers and sellers because they offer leverage on pre-funded pools. This means that it offers cheaper fees and less slippage even when the asset being traded is illiquid. Illiquid assets are types of commodities that you can’t easily sell for cash without generating loss because of significant change in value.

What is the bonding Curve?

The bonding Curve is the line you see in the automated market maker equation that depicts the movement of the asset in the pool. It displays the relationship between the supply and price of an asset.

When a token is being purchased with tokens of similar value, the price tends to get more expensive and can exponentially increase to an infinite price that can cause more slippage and high fees.

What Curve Finance does is use its unique bonding curve to lower the price difference between stablecoins and avoid slippage when trading. This allows for instantaneous liquidity that doesn't require high fees.

CRV: Curve Finance’s native coin

CRV is used as Curve Finance’s native token that allows ‘voting’ to add new yield pools, change current fee structures and facilitate token burning.

A user’s voting power depends on the length of time their CRV tokens are locked inside the platform. ‘Locking up’ tokens in Curve Finance simply means you won’t sell your tokens and will just let them sit inside the platform. According to Curve, the maximum number of years a token can get ‘locked’ is 4 years, which grants the holder 2.5x voting power.

To encourage users to lock their tokens, Curve gives them returns as well as a percentage of the revenue they earn from transaction fees.

Where can you purchase CRV?

If you’re interested in buying CRV tokens, we’ve rounded up the best exchanges where you can buy them and their current Curve coin price:

Binance
Binance is one of the leading crypto exchanges in the world where you can purchase CRV tokens. As of writing, the price of the asset is at $1.68 with a volume of $19,475,111 while the volume percentage is at 16.07%.

Huobi Global
Huobi Global is a crypto exchange founded in China that is now based in Seychelles, East Africa. It’s one of the places where you can get CRV tokens for $1.69 as of writing. The volume of the asset is at $409,208, while the volume percentage is at 0.34%.

Kraken
Kraken is a US-based exchange founded in 2011 and is currently one of the leading places where people can acquire crypto. You can buy CRV tokens here for $1.678 as of writing. Currently, the volume of the token is at $198,358 and a volume percentage of 0.16%.

So, is Curve coin worth the investment?

Despite its fledgling status in the DeFi space, Curve has become one of the core platforms in the crypto and DeFi spheres today. Other blockchains are now reliant on its technology, proving that it’s functional and versatile in different types of crypto-related transactions. This 2021, crypto experts say that Curve coin price prediction can reach up to $3.66.

Moreover, its high yield rate is an appealing concept to both investors and users who want to minimize the risks involved due to fluctuations in price in Curve coin investing. Although what the future holds for Curve is still all speculation, the growing number of people using its unique technology shows signs of bullish growth in the coming years.

What do you think about Curve coin? Share your thoughts.

Thanks,
Karl from Bitcasino


Source: Bitcasino.io blog

[ipanks]

I do not know much about the project, but you should have more information about the project if you want to invest in Curve coin. I suggest you not invest big money if you do not have much info because we do not know how bright that project will be in the future. As my local exchange already listed that token, maybe I will buy some amount and just hold it. I want to gamble my money to buy that token

But I will search for more info later. But I see in your thread, Binance, Huobi, and Kraken already listed that token, so I guess that token will have a chance to increase. Hopefully, your information can give me an idea.

[DapanasFruit]

I can still remember to have read something about Curve a few months ago but since I have already decided back then to be extra careful with any project I am laying my trust on, this got just evaporated from my mind. I am quite happy if this platform has already survived the critical period of at least 3 moths, and hopefully it is already headed to another period of its existence where there can some stability and volume of business being handled. The only thing I can say is that Curve should be investing some sizable of its time and resources on securing its own border as there remains many big risks relative to the DeFi market.

[masterrex]

IMHO, If we are talking about Defi or Decentralized finance we are talking about a wide range of platforms that offers a variety of decentralized finance products and services some are good and some are not, that's why it takes time to check them all to find the best, and about Curve Finance I think it is one of the Defi's brightest star lined up with DIA, AAve, Syntetix and many more so for me definitely I will pick Curve Finance as one of my potential coin for investment, But just a minimal amount. 

[SquirrelJulietGarden]

It is a good DeFi coin to invest because it is the second biggest DeFi platform so far, only after Compound

Curve Finance has a very interesting history, first about its launch

An anonymous developer from the Curve team launched it without consensus from the whole team. I can not verify it, but it is what we have known so far.
Curve's CRV token launches early, benefitting anonymous 'Chad'
DeFi project Curve launches its governance token early after anonymous developer front-run and deployed contracts

The growth of Curve DeFi
The all time chart of Curve there. It has amazing growth since May 2021.
Because of the launch drama, Curve Finance was dumped in many months but it slowly grows and flips with Sushi many times. Since May 2021, Curve Finance has a solid second position among many DeFi platforms.