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Digital assets >
CRV

Curve DAO Token

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LAST UPDATED:
July 15, 2025

Curve Finance (Curve.fi) is a non-custodial, decentralized exchange (DEX) built to trade stablecoins using an automated market maker (AMM).

Curve DAO Token (CRV) is an Ethereum-based token for the DEX.

Background

Curve.Fi was inspired by tech entrepreneur and software engineer Michael Egorov’s 2019 whitepaper detailing a desire for “steadier interest returns without having to hold a very volatile asset.”

Launch

Curve.Fi went live in February 2020 with CRV subsequently launching in August 2020.

How does it work?

Curve.Fi works similar to other AMMs but favors stablecoins as it aims to mitigate volatility. Curve.Fi is run by a decentralized autonomous organization (DAO) and CRV can be used to vote on changes to the DAO.

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