What Is Curve Finance in DeFi?

Curve Finance is a decentralized exchange (DEX) running on Ethereum. It's specifically designed for swapping between stablecoins. All you need is an Ethereum wallet, some funds, and you can swap different stablecoins with low fees and slippage.

You could think of Curve as "Uniswap for stablecoins." Thanks to its special pricing formula, it's also great for swapping between different tokenized versions of a coin.

Curve Finance (https://curve.fi) is an automated market maker protocol designed for swapping between stablecoins with low fees and slippage. It's a decentralized liquidity aggregator where anyone can add their assets to several different liquidity pools and earn fees.

If you've read our AMM article, you know that AMMs work with a pricing algorithm instead of an order book. Due to the way the pricing formula works on Curve, it can also be extremely useful for swapping between tokens that remain in a relatively similar price range.