Overview

Curve is a decentralized exchange (DEX) and automated market maker (AMM) deployed on Ethereum and EVM-compatible chains, optimized for efficient trading of both stablecoins and volatile assets. Unlike traditional AMMs, Curve uses specialized algorithms like Stableswap and Cryptoswap to provide minimal slippage for like-kind asset swaps. Beyond swapping, Curve has evolved into a broader DeFi ecosystem, featuring Curve Lending, a crvUSD stablecoin, and advanced liquidation mechanisms powered by LLAMMA. The crvUSD system supports over-collateralized loans that progressively convert collateral to crvUSD as loan health deteriorates, while scrvUSD offers a yield-bearing version of the stablecoin. Governance and protocol control are conducted via the CRV token, which can be locked to form veCRV for boosted rewards, governance voting, and fee sharing. Additionally, Curve facilitates permissionless liquidity pools, yield vaults, and tools like the Curve Router, Block Oracle, and MetaRegistry, making it a comprehensive liquidity and data infrastructure in DeFi.

Whitepaper & Documents