About Curve DAO (CRV)
The Curve DAO Token (CRV) is an ERC-20 utility coin that supports functions on the Curve.fi blockchain-based decentralized exchange (DEX). The Curve.fi DEX and crypto platform reportedly offers an efficient way to trade ERC-20 and other popular cryptocurrencies, such as BTC.
This is largely due to the Automated Market Maker (AMM) protocol, which empowers exchange through the implementation of peer-supported liquidity pools. As a result of the Ethereum Merge, Curve DAO now utilizes a proof-of-stake (PoS) consensus mechanism.
Curve DAO was launched and CRV developed by physicist Michael Egorov in 2020. Since CRV is an ERC-20 token, it is tradeable with other Ethereum-based coins and tokens. CRV is also used for governance on the Curve.fi platform and as an incentive for liquidity provision and other functions on the network. CRV price is updated and available in real time on Binance.