Curve (CRV) is the governance token of Curve Finance, a decentralised exchange built for trading assets that should have similar values, such as stablecoins or different versions of the same token. Founded by Michael Egorov and launched in 2020, Curve uses specialised pricing formulas that allow large swaps with low slippage and fees. Liquidity providers deposit tokens into pools and earn trading fees. CRV holders can lock their tokens for up to four years to receive veCRV, which gives voting power over how rewards are shared across pools. Curve also issues its own stablecoin, crvUSD.