Similar to Uniswap, Curve Finance is an Automated Market Maker (AMM) based Decentralised Exchange (DEX). Unlike Uniswap, its main focus is only to swap between assets that are supposed to have the same value. This is useful in the DeFi ecosystem as there are plenty of wrapped tokens and synthetic tokens that aim to mimic the price of the real underlying asset.
For example, one of the biggest pools is 3CRV, which is a stablecoin pool consisting of DAI, USDT, and USDC. Their ratio in the pool will be based on the supply and demand of the market. Depositing a coin with a lesser ratio will yield the user a higher percentage of the pool. As such when the ratio is heavily tilted to one of the coins, it may serve as a good chance to arbitrage.
Curve Finance also supports yield-bearing tokens. For example, it collaborated with Yearn Finance to release yUSD pools that consisted of yDAI, yUSDT, yUSDC and yTUSD. Users that participated in this pool will not only have yield from the underlying yield-bearing tokens, but also the swap fees generated by the Curve pool. Including the yield farming rewards in terms of CRV tokens, liquidity providers of the pool actually have three sources of yield.
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Flooz offers you the ability to buy the token of your choice, and the payment method you’re looking for. Using the Flooz App, you can now buy Curve DAO Token with Apple Pay, Google Pay or Credit Card. You'll be able to make instant crypto purchases without the hassle. Don’t worry, you can link any bank account, and also pay directly using your mobile number! The choice is yours, starting with Curve DAO Token (CRV), or any other crypto, we’ve got you covered.
In a few simple steps, you’ll be able to buy Curve DAO Token token using Flooz. The Flooz Checkout feature allows you to effortlessly buy Curve DAO Token token using your local FIAT currency, like Dollars, Euros, Pounds, and Naira. Check out our guides on how to buy or swap your Curve DAO Token!