Curve DAO Token (CRV) is the governance token of the Curve Finance protocol, used to incentivize liquidity providers and engage more users in the governance of the protocol. CRV is used for voting, staking and boosting, allowing users to acquire voting power and earn a boost of up to 2.5x on the liquidity they provide. CRV holders can stake their CRV to receive trading fees from the Curve protocol, and 50% of the trading fees are distributed to veCRV holders. Curve Finance was created by Michael Egorov, the CTO of NuCypher, a computer and network security company. Curve Finance is an automated market maker protocol designed to facilitate the swapping of tokens with low fees and slippage, and its pricing formula is designed to minimize slippage as much as possible. The max supply of CRV is 3.03b and was officially launched on the 13th of August 2020.
