Highlights

• Curve Finance extends its stablecoin swapping solution through Harmony launch.
• Harmony provides $2 million in $ONE token incentives to support Curve.

About Curve Dao

Curve is a decentralized exchange liquidity pool running on Ethereum that is optimized for stablecoin trading. Curve, launched in January 2020, enables users to trade stablecoins with minimal slippage in a low-cost algorithm that allows them to earn fees.

Curve DAO (CRV) is the blockchain’s native token. The protocol is intended to facilitate the exchange of comparable ERC-20 tokens, most notably stablecoins (such as USDC and DAI) and Ethereum-based Bitcoin tokens (like WBTC and renBTC).

Curve’s financial network is decentralized, so users retain control of their tokens. Users may lock their CRV token for different durations (up to four years) to participate in governance and receive protocol fees as a reward.

The protocol hosts only pools of comparable assets to avoid irreversible loss. This implies that you may provide USDC-DAI-USDT liquidity on Curve, but not USDC-WBTC liquidity, for example.

Curve Finance’s Launch on Harmony

Curve Finance announced the launch on Harmony Blockchain with some $ONE rewards. Harmony announced it on Twitter in a series of tweets, with Curve Finance confirming the launch through a retweet.

1/ Leading DEX, @CurveFinance joins the Harmony blockchain, extending their stablecoin swapping solutions to our ecosystem.

To help Curve in bootstrapping the launch, we are providing $2 million in $ONE tokens incentives

Check it out here 👉 https://t.co/3UpSZXs58G pic.twitter.com/rrhv4Ak90r

— Harmony 💙 (@harmonyprotocol) October 12, 2021

Curve Finance, a leading decentralized exchange (DEX), joined the Harmony Blockchain to extend its stablecoin swapping solutions, offering more trading capabilities for users. Harmony’s secure bridges to Ethereum and Binance will further Curve Finance’s ability to support stablecoin swapping and transfers across multiple chains. As at the time of writing, Harmony offers cross-chain transfers with five chains.

Although Curve Finance ranks at number 3 on the Defi Pulse list at the time of writing, the goal of the launch is to get Curve to the number 1 spot. Leveraging Harmony’s interoperability solutions, Curve is one step closer to its vision of creating deep on-chain liquidity. To assist the DEX with its launch, Harmony Blockchain provided $ONE token incentives worth $2 million for the exchange users.

Future predictions for Curve

Though it’s relatively new, the Curve DAO has achieved significant success thanks to its usefulness. The token grew significantly in the second half of 2020 thanks to its minimal slippage and reduced fees for trading comparable stablecoins and ERC-20 tokens.

In terms of market capitalization, the current position of Curve Dao is at #86 on CoinMarketCap. There are 426,748,438 CRV coins in circulation and a maximum supply of 3,303,030,299 CRV coins, of which 62% are allocated to liquidity providers. The rest is split: 30% goes to shareholders, 3% goes to workers, and 5% goes to a community reserve.

Curve has gotten a lot of attention because of its focus on stablecoin trading as an AMM. The introduction of the DAO and the CRV token increased its profitability since CRV is used for governance and is granted to users based on their liquidity commitment and duration of ownership. By turning over enormous amounts of liquidity and generating related user gains, DeFi trading has guaranteed the long-term survival of Curve.