Cover policies for Curve Finance can be purchased through the Neptune Mutual marketplace. It is one of seven DeFi cover protocols under the Prime dApps basket of cover products that share a single diversified cover pool. Users of the Neptune Mutual Decentralized Application (dApp) can provide liquidity to the Prime dApps cover pool and benefit from the stablecoin policy fee returns.
The purpose of Neptune Mutual’s insurance policies is to offer parametric cover protection against the risks associated with smart contracts, technical failure, and related exploitation.
In the Neptune Mutual ecosystem, you can also take part as an event reporter to verify incidents that might result in claims payouts, as a liquidity provider to fund cover pools and generate loan income, or both.
Visit https://arbitrum.neptunemutual.net/covers/prime/products/curve-v2 to get started.
About Curve Finance#
Curve Finance, a Decentralized Exchange (DEX), launched in 2020, is used for trading stablecoins. The platform's Automated Market Maker (AMM) enables traders to exchange stablecoins like USDC, USDT, and DAI at lower slippage and swap fees than other DEXES.
This is made feasible by the liquidity pools offered by Curve Finance, where users can stake or deposit their tokens in exchange for a share of the platform's trading commissions and the protocol's native governance token $CRV.
Curve Finance has launched on a number of chains, including many of the layer 2 scaling solutions like Arbitrum, Optimism, and Polygon, in order to address the issue of excessive gas prices on the Ethereum network.
Currently in its V2 phase, Curve Finance offers the DeFi ecosystem more efficient liquidity provision.
What Makes Curve Finance Unique?#
One of the protocol’s biggest differentiating features is that it focuses solely on stablecoins. As you’re probably aware, stablecoins are crypto assets that are pegged to the value of an underlying asset, usually a fiat currency such as the US Dollar, Euro, or Swiss Franc. This helps users and investors avoid the volatility commonly associated with tokens and cryptocurrencies.
Many DeFi protocols, including Compound and 1inch Exchange are integrated with Curve to take advantage of its stablecoin trading market.
Financials#
The native $CRV token governs the Curve Finance community. While contributing tokens to the protocol's liquidity pools, liquidity providers can earn $CRV tokens in addition to swap fees.
The $CRV cryptocurrency was selling at $1.23 on February 20, 2023, according to statistics from CoinMarketCap. Early in 2022, the token cost reached a maximum of $6.50.
TVL (20-Feb-2023): $5,009,948,924
Fully Diluted Market Cap: $4,047,088,614
Volume daily: $119,000,000
Real-time statistics are available at: curve.fi/combinedstats
Security#
Leading blockchain project auditing firms, such as Trail of bits, Quantstamp, and mixBytes, have audited the smart contracts of Curve Finance. However, it is crucial to highlight that security audits alone do not eliminate all threats, not least since there are a range of attack routes outside the scope of security audits.
Learn more about Curve Finance’s security and audits.
Curve Finance on Social#
Users can connect with Curve Finance protocol developers and other members of the community through the following social channels:
Github | Discord | Twitter | Telegram
