This episode is a deep dive into Curve finance with founder Michael Egorov. Curve is the 2nd largest decentralized exchange on Ethereum, and focuses on trading between stablecoins or other similarly priced assets, for more efficiency. Users can use the platform to swap between Dai and USDT, 2 coins pegged to the US dollar. Or WBTC, RenBTC, sBTC, 3 coins pegged to the price of bitcoin.

On Curve people can also provide liquidity to the curve pools and earn fees.

Curve also interoperates with the larger DeFi Space. Such interoperable platforms are often analogized to Lego bricks: you can put different DeFi projects together in interesting ways to create new results, or maximize yield.

Michael and I talk about how the money lego “Curve” interoperates with countless other projects, like supplying tokens to Compound or yEarn.Finance to generate more income for liquidity providers.

We explain these relationships, talk about the CRV governance token, and also discuss the controversy behind the CRV launch when an anonymous person front ran the curve team and deployed the contract early.

We discuss the difference between Curve and platforms like Balancer and Uniswap, how risk is managed on the backend, and added incentives for different actions on the Curve platform.

We also talk about why some people think Curve is better suited to more sophisticated users.

If you would like to watch the video version of this podcast, visit naomibrockwell.com/memberships

If you would like to send me a message and support my channel, visit https://cointr.ee/naomibrockwell

Sign up for the free cryptobeat newsletter here:

https://Naomibrockwell.com/cryptobeat