What is Curve DAO Token?
Curve DAO (CRV) is a decentralized autonomous organization (DAO) and decentralized finance platform providing users with an automated market maker (AMM) decentralized exchange (DEX) and yield farming ecosystem with community governance token CRV. Liquidity providers can earn fees and boost farm yield APY by staking CRV tokens. The CRV DEX allows users to easily swap between ERC-20 tokens, primarily stablecoins such as USDC and DAI, and Bitcoin tokens including WBTC and renBTC. Curve DAO limits its pool and farm offerings to similar ERC-20 stablecoin-Bitcoin pairs to minimize impermanent loss across the platform. Liquidity providers can vest CRV in a time-locked contract and mint veCRV to gain voting rights to determine their pool's share of reward allocation across the platform.
