Curve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.
Curve also integrates with Synthetix to offer cross-asset swaps.
Curve achieves extremely efficient stablecoin trades by implementing the StableSwap invariant, which has significantly lower slippage for stablecoin trades than many other prominent invariants (e.g., constant-product). Note that in this context stablecoins refers to tokens that are stable representations of one another. This includes, for example, USD-pegged stablecoins (like DAI and USDC), but also ETH and sETH (synthetic ETH) or different versions of wrapped BTC. For a detailed overview of the StableSwap invariant design, please read the official StableSwap whitepaper.
Curve achieves extremely efficient stablecoin trades by implementing the StableSwap invariant, which has significantly lower slippage for stablecoin trades than many other prominent invariants (e.g., constant-product). Note that in this context stablecoins refers to tokens that are stable representations of one another. This includes, for example, USD-pegged stablecoins (like DAIDAI and USDC), but also ETH and sETH (synthetic ETH) or different versions of wrapped BTC. For a detailed overview of the StableSwap invariant design, please read the official StableSwap whitepaper.