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Curve Finance Daily Volume Reaches $847 Million as 3pool Becomes USDT-Heavy
(2 hours ago) · 1 source · Summarized by CryptoBipto
Curve Finance saw its trading volume jump to $847 million as the composition of its 3pool shifted further toward USDT. The 3pool, one of Curve's largest stablecoin liquidity pools, has become increasingly imbalanced with a higher proportion of USDT relative to USDC and DAI.
WHY IT MATTERS
Think of Curve's 3pool like a shared jar that holds three types of tokens, each supposed to be worth exactly one dollar.
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SOURCES
- thedefiant.io
RELATED
CRVUSDTUSDCDAIDeFiStablecoinsCurve FinanceLiquidity PoolsTrading Volume
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.
- What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.
