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Curve DAO Token

CRV

Explore Curve DAO Token

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Curve DAO Token

Curve (CRV) is an Ethereum token that powers Curve.fi, a decentralized exchange and automated market maker protocol. The protocol is designed to make it easy to swap between ERC-20 tokens, such as stablecoins (like USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC). In order to minimize impermanent loss, most of the protocol’s liquidity pools are made up of similar assets, although in June 2021, it introduced a USDT-WBTC-ETH “tricrypto” pool. The CRV token can be locked for various periods of time (up to 4 years) in order to vote on governance and claim protocol fees as a reward.

Curve DAO Token (CRV) is a fundamental component of Curve, a decentralized exchange with a primary focus on stablecoins. Curve, launched in January 2020, has emerged as a notable entity in the decentralized finance (DeFi) sector. In August of the same year, Curve introduced a decentralized autonomous organization (DAO), with CRV serving as its native token. The DAO utilizes an Ethereum-based creation tool, Aragon, to connect multiple smart contracts used for users' deposited liquidity. CRV is used for governance, awarded to users based on their liquidity commitment and duration of ownership.

Curve functions as an automated market maker (AMM) specifically designed for stablecoin trading. The platform charges a modest fee, which is then distributed to liquidity providers. The introduction CRV token has added another layer of functionality, as CRV is used for governance and is awarded to users based on their liquidity commitment and length of ownership. The platform caters to individuals involved in DeFi activities such as yield farming and liquidity mining, as well as those looking to participate in the ecosystem by holding stablecoins.

CRV serves multiple purposes within the Curve ecosystem. It functions as a governance medium, allowing users to participate in decision-making processes. It also acts as an incentive structure, rewarding users based on their liquidity commitment and duration of ownership. Furthermore, CRV is used as a fee payment method on the platform. The token's versatility makes it valuable to a wide range of users, from those involved in DeFi activities such as yield farming and liquidity mining, to those looking to participate in the ecosystem by holding stablecoins.

Curve, and its native token CRV, were launched in January and August 2020 respectively by founder and CEO Michael Egorov, a Russian scientist with extensive experience in cryptocurrency-related enterprises. The launch of CRV was part of the introduction of Curve's decentralized autonomous organization (DAO). The total CRV supply is 3.03 billion tokens, with the majority (62%) distributed to liquidity providers. The remainder is divided among shareholders, employees, and a community reserve. The gradual unlocking of tokens has resulted in around 750 million being in circulation one year after launch.

Market

United Kingdom Market Stats

Market cap

£423.6M

Volume (24h)

£34.0M

Circulating supply

1.2B CRV

Typical hold time

29 days

Popularity

#129

All time high

£48.43

Price change (1h)

-0.05%

Price change (24h)

+0.73%

Price change (7d)

-4.15%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Curve DAO Token on social media

580 unique individuals are talking about Curve DAO Token and it is ranked #273 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Curve DAO Token has an average sentiment score of 3.4 out of 5. Finally, Curve DAO Token is becoming more newsworthy, with 0 news articles published about Curve DAO Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Curve DAO Token. There were 46.12% of tweets with bullish sentiment compared to 1.37% of tweets with a bearish sentiment about Curve DAO Token. 52.51% of tweets were neutral about Curve DAO Token. These sentiments are based on 219 tweets.

On Reddit, Curve DAO Token was mentioned in 53 Reddit posts and there were 106 comments about Curve DAO Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Powered by LunarCrush

Overview

Contributors

580 people

Volume rank

#273

Average Sentiment

3.4 out of 5

Twitter

Reddit

Posts

53

Comments

106

Post Score

322

Comment Score

345

Curve DAO Token is on the decline this week.

The price of Curve DAO Token has decreased by 0.05% in the last hour and increased by 0.73% in the past 24 hours. Curve DAO Token’s price has also fallen by 4.15% in the past week. The current price is £0.35 per CRV with a 24-hour trading volume of £33.98M. Currently, Curve DAO Token is valued at 99.28% below its all time high of £48.43. This all-time high was the highest price paid for Curve DAO Token since its launch.

The current circulating supply of Curve DAO Token is 1,196,380,307 CRV which means that Curve DAO Token has as total market cap of 1,196,380,307.

FAQ

What is the current price of Curve DAO Token?

We update our Curve DAO Token to GBP currency in real-time. Get the live price of Curve DAO Token on Coinbase.

What is the market cap of Curve DAO Token?

The current market cap of Curve DAO Token is £423.56M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Curve DAO Token?

The all-time high of Curve DAO Token is £48.43. This all-time high is highest price paid for Curve DAO Token since it was launched.

What is the 24 hour trading volume of Curve DAO Token?

Over the last 24 hours, the trading volume of Curve DAO Token is £33.98M.

How many Curve DAO Token are there?

The current circulating supply of Curve DAO Token is 1.2 billion.

What is the typical holding time of Curve DAO Token?

The median time that Coinbase customers hold Curve DAO Token before selling it or sending it to another account or address is 29 days.

What is the relative popularity of Curve DAO Token?

Curve DAO Token ranks 100 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Curve DAO Token?

Currently, 83% of Coinbase users are buying Curve DAO Token. In other words, 83% of Coinbase customers have increased their net position in Curve DAO Token over the past 24 hours through trading.

Can I buy Curve DAO Token on Coinbase?

Yes, Curve DAO Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Curve DAO Token guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024