DeFi on TokenPocket | How to Use Curve
Author: TokenPocket team
Curve is an exchange liquidity pool on Ethereum (like Uniswap) designed for extremely efficient stablecoin trading low risk, supplemental fee income for liquidity providers, without an opportunity cost.
Curve allows users (and smart contracts like 1inch, Paraswap, Totle and Dex.ag) to trade between DAI and USDC with a bespoke low slippage, low fee algorithm designed specifically for stablecoins and earn fees. Behind the scenes, the liquidity pool is also supplied to the Compound protocol or iearn.finance where it generates even more income for liquidity providers.
Now TokenPocket users can exchange for stablecoins with Curve, which mainly serves the swap between stablecoins and between BTC and ERC-20. Thanks to its low transaction slippage, low transaction fee, high returns, and deposit and withdrawal functions, Curve gained a big volume of users in a short period of time.
How to Use Curve
Search ‘Curve’ on the Discover page first, and enter the home page. Here you can enter the amount and tokens that you want to swap.
Then set the maximum slippage and Gas price. You can either choose the default value or customize them. Please note that if the two values are set too low, it may result in failed transactions.
Kindly notes that recently Ethereum network has a high volume of traffic, hence requiring a higher Gas fee to produce blocks.
The DeFi Series is an inclusive knowledge-sharing platform initiated by TokenPocket. It aims to provide community members with knowledge relating to blockchain and cryptocurrencies, as well as wallets. As a leading global wallet, TokenPocket provides crypto assets management service for millions of users worldwide.
Column articles are written and submitted by TP Man and the copyright belongs to the author and TokenPocket. Please cite the source when reposting.