The ERC20 governance token for the Curve network is called Curve DAO Token (Trade CRV with MEXC Global). Holders continue to have voting rights within the Curve DAO, which is in charge of running and expanding the Curve platform. Additionally, CRV is given to liquidity providers as payment. Everything you need to know about Curve DAO will be covered in this post, including with instructions on how to purchase CRV tokens.
Founders of Curve DAO Token (CRV)
Russian scientist and cryptocurrency expert Michael Egorov is the founder of the Curve DeFi protocol. He introduced his CRV token in 2020, making him one of the most popular asset pools on exchanges for Bitcoin and stablecoins as well as ERC-20 tokens.
As a co-founder of NuCypher, Michael Egorov's expertise in the blockchain and cryptocurrency space is clearly clear. It is a finance firm with a focus on infrastructure and protocols that are centered on encryption and privacy.
How to buy Curve DAO Token (CRV)?
You can buy Curve DAO Token (CRV) on MEXC by the following the steps:
Log in to your MEXC account and click [Trade]. Click on [Spot].
Search “CRV” using the search bar to see the available trading pairs. Take CRV/USDT as an example.
Scroll down and go to the [Spot] box. Enter the amount of CRV you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy CRV] to confirm your order. You will find the purchased CRV in your Spot Wallet.
How does the Curve DAO Token (CRV) work?
CRV tokens can be purchased and earned through yield farming. When a user deposits assets into the liquidity pool and earns tokens as a reward. By contributing DAI to certain of her Curve liquidity pools, a user earns her CRV tokens in addition to fees and interest. Yield farming of CRV tokens increases incentives for users to become Curve liquidity providers as they not only earn financial assets but also ownership of his powerful DeFi protocol.
Anyone with a sufficient quantity of vote-locked CRV tokens can suggest changes to the Curve protocol. Changes to fees, where fees go, the creation of new liquidity pools, and yield farming rewards are some examples of updates. By securing CRV tokens, holders cast a vote on a proposal, accepting or rejecting it. The more voting power the CRV token has, the longer it is locked up.
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