Despite being launched in January 2020, Curve Finance already seems to be poised to become one of the leading platforms in the decentralized finance space. Why? Find out in this guide.
Curve Finance is a service invested in providing a platform for people interested in trading in digital currencies to carry out activities based on Ethereum assets.
The Curve Finance service was created in January 2020 by Michael Egorov, a doctor of physics. The service is currently running on a decentralized network and has now become one of the major firms in Ethereum-based trading.
Making use of the automated market, the service uses pseudocodes to increase the liquidity of its assets in the market, unlike several other platforms that simply try to link orders to purchase to sell orders.
The automated system ensures that trades and orders are carried out at faster speeds, reducing the likelihood of fluctuation in the value of the asset the user intends to purchase. Aside from this, the automation provides greater depth to its markets, almost 100 times greater than other online platforms providing the same service.