DeFi Development Services Posted November 30, 2022 Report Share Posted November 30, 2022 Curve Finance is a DEX with similar operations to Uniswap and has gained wide popularity lately in the DeFi platform development space. It was developed to address a significant obstacle to trading between stablecoins on Uniswap V1 before the release of Uniswap V2. When someone wanted to trade between two ERC-20 tokens, the initial version of Uniswap used ETH as an intermediary token. Therefore, USDT to ETH and then ETH to DAI were the two underlying transactions in a trade that exchanged USDT for DAI. The purpose of Curve Finance pools is to eliminate the need for an intermediary token for traders to exchange one stablecoin for another. This improves the trading experience and reduces slippage. Check Out For More Detail: https://www.antiersolutions.com/defi-decentralized-finance-development/ Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.