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DEX / AMM$CRVTVL: $2B+
Curve Finance
About Curve Finance
Curve Finance specialises in low-slippage swaps between similarly priced assets — stablecoins (USDT/USDC/DAI), wrapped tokens (WBTC/renBTC), and liquid staking derivatives (stETH/ETH). Its StableSwap invariant formula is specifically designed for pegged assets, offering much tighter spreads than constant-product AMMs. The CRV wars and vote-escrow tokenomics (veCRV) created an influential governance and bribery meta-game across DeFi.
Key Features
- StableSwap for pegged assets
- Crypto pools for volatile pairs
- veCRV vote-escrow governance
- Gauge weight voting
- LP boosting
- crvUSD stablecoin (LLAMMA)
- Multi-chain pools
Risks
- Smart contract risk
- De-peg risk for stablecoin pools
- Impermanent loss
- Governance complexity (CRV wars)
- Concentration of CRV voting power
Community & Socials
More DEX / AMM Protocols
Aerodrome Finance
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Uniswap
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Velodrome Finance
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Balancer
DEX / AMM · TVL: $1B+Balancer is a flexible AMM that supports multi-asset pools with customisable weightings (not just 50/50). This allows index-like funds, portfolio rebalancing, and innovative pool designs. Balancer V2 introduced a single vault architecture for capital efficiency. The protocol powers many of DeFi's most complex liquidity strategies.