Curve (CRV) in Crypto IRA Retirement Accounts at iTrustCapital | Learn

It's hard to imagine the Decentralized Finance (DeFi) ecosystem without Curve Finance. This community continues to pioneer global liquidity exchange technology and luckily, investors can now directly invest in Curve (CRV) within their Crypto IRA retirement accounts at iTrustCapital.

Understanding Curve (CRV)

Curve Finance is a decentralized exchange platform that allows users to swap between different tokens and stablecoins. It’s specifically designed so that users can exchange similar assets (ex: USDC & USDT) with incredibly low fees and slippage.

Curve can be referred to as the Uniswap for stablecoins and other like-kind assets (ex: sBTC & wBTC). This has allowed it to become one of the most popular DeFi protocols. The DeFi protocol has 17 pools that facilitate swaps between different stablecoins and assets. The pools are subjected to market demands, and prices change based on natural market forces.

Automated market maker (AMM) and advanced bonding curve technology is used by Curve, which avoids the traditional order book to determine the price of crypto-assets. Instead, liquidity providers earn rewards from trading fees and interest accrued when they deposit their assets into Curve Finance.

Curve Finance History

Curve Finance does not have any recognized founder, as the protocol contract was initially deployed anonymously through Tornado Cash. However, the protocol was introduced to many by crypto stakeholder Michael Egorov in early 2020.

Egorov has been an active participant in the DeFi space since 2018 and has emerged as the leading figure in the Curve Finance ecosystem. Other key developers include two developers Angel Angelov and Ben Hauser. In addition, there is a large grassroot community of contributors and developers including Julien Bouteloup and Andre Cronje.

AMM Technology

Curve is known for its automated market maker, and this unique mechanism has transformed the DeFi sector since its inception. Benefits of AMM technology include:

Full automation with zero downtime (24/7 trading)
Removes middle-men, allows for direct person to person trading
Multi million dollar orders can be executed within seconds, for incredibly low fees
Users can deposit their assets in order to earn yield on idle assets

Curve Finance Bonding Curve

Unlike other decentralized exchanges whose bonding curve serves different types of crypto-assets. Curve's bonding curve is focused on stable coins and like-kind assets. This ensures that users can trade greater volumes with minimal changes to their respective prices. A unique benefit of Curve's bonding curve is that the pricing of assets is transparent and completely decentralized using smart contracts. Curve also supports a decentralized autonomous organization (DAO) that allows users more influence on the project's direction.

The CRV Token

The Curve Finance native token is CRV. CRV was launched in 2020, through a fair distribution. The allocation plan allows CRV to be distributed to liquidity providers (users) of the platform, which is partially subject to vesting. CRV will be have a max supply of 3.03B Curve, which gradually is released to users of the platform over time.

CRV serves as both a utility token and the governance token, which gives holders the right to participate in the decision-making process and vote on proposals.

Conclusion

Curve Finance is a unique DeFi protocol that is popular among liquidity providers and traders alike. It provides a platform to swap between different stablecoins, as well as tokenized/synthetic/wrapped versions of other assets. Curve plays a role in DeFi, including being a backbone to Yearn Finance.

DISCLAIMER

This article is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy.

iTrustCapital is a cryptocurrency IRA software platform. It is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrustCapital is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy.

Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody partner. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results.

Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrustCapital makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrustCapital does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional.

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