Curve CRV
Token swaps and governance.
Curve provides token-exchange services using liquidity pools. CRV is a governance token associated with the protocol.
What is Curve?
Curve lets users exchange assets through smart contracts and pooled liquidity. Locking CRV creates vote-escrowed CRV, called veCRV, which carries governance power. Holding CRV and providing liquidity are separate activities.
Pool assets can lose value, and smart-contract risks remain. Locked CRV cannot simply be transferred or withdrawn before its lock ends.
Why people pay attention
Token exchange
Pools provide assets used for swaps.
Governance
Locked CRV provides voting power through veCRV.
Separate positions
A liquidity-pool position is different from holding CRV.
Origins & development
Curve introduced its vote-escrow governance model in 2020. Its exchange services and token-governance arrangements are related but distinct.
Explore more
Related stories and learning resources will be added after editorial review.
Sources & further reading
Draft — editorial review pending