Michael Egorov: Curve Finance – The Stablecoin Exchange Protocol

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

Curve is an Automated Market Maker (AMM) that lets users and other decentralized protocols exchange stablecoins (DAI to USDC for example) with low fees and low slippage. Unlike exchanges that match a buyer and a seller, users transact with the smart contract itself. By providing a flatter curve targeted for relatively stable pairs, Curve has established the lead position for these markets. Curve is also leveraging its own token CRV to incentivize long-term adoption of the protocol and decentralize control of governance.

We were joined by Curve Finance Founder, Michael Egorov, to chat about why he created the protocol and his long term vision for the project.

Topics covered in this episode:

• Michael's background and how he got into crypto
• How Curve works from the perspective of a trader and as a liquidity provider
• How they came up with the stableswap design
• How Curve compares to Uniswap v3
• Michael's take on forks, fork threat, and Curve's moat
• Curve's thesis on good governance
• How they keep the protocol secure
• An overview of the Curve community and ecosystem
• The long term vision for Curve

Episode links:

• Curve Finance
• Curve Resources
• Curve on Twitter
• Michael on Twitter

Sponsors:

• ParaSwap: ParaSwap’s state-of-the-art algorithm beats the market price across all major DEXs and brings you the most optimized swaps with the best prices, and lowest slippage - http://paraswap.io/epicenter
• Solana: Solana is the high performance blockchain supporting over 50k transactions per second to power the next generation of decentralized applications. - https://solana.com/epicenter
• Exodus: Exodus the easy-to-use crypto wallet available on all platforms and supporting over 100 different assets. - https://exodus.com/epicenter

This episode is hosted by Brian Fabian Crain & Zubin Koticha. Show notes and listening options: epicenter.tv/391