cryptolinkbase.com
Cryptocurrency and Blockchain Knowledge Directory.
Category: Coin Trading -> DEX Decentralized Exchanges
Type: exchange
Complicated mix of DeFi and DEX. You can gain high APR by being liquidity provider or exchange stablecoins with good rate. "The easiest way to understand Curve is to see it as an exchange. Its main goal is to let users and other decentralised protocols exchange stablecoins (DAI to USDC for example) through it with low fees and low slippage. Unlike exchanges out there that match a buyer and a seller, the behaviour of Curve is different, it uses liquidity pools like Uniswap. To achieve this, Curve needs liquidity (tokens) which is rewarded by those who provide it."."Centralised exchanges tend to have high fees which are problematic for those trying to move from a stable coin to another. As a result, Curve.fi has become the best place to exchange stable coins because of its low fees and low slippage."
