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<!doctype html>
<html>
<head>
<meta charset="UTF-8" />
<meta name="viewport" content="width=device-width, initial-scale=1" />
<title>🌀 Curve.fi :: Compounded</title>
<link rel="stylesheet" href="tvision.css?v19012020" />
<script src="/jquery.min.js"></script>
<script src="/common.js?v05012020"></script>
<script>
window.addEventListener('load', async () => {
init_menu();
});
</script>
</head>
<body>
<div class="top-menu-bar">
<a href="/">Buy and sell</a>
<a href="/deposit.html">Deposit</a>
<a href="/withdraw.html">Withdraw</a>
<a href="/stats.html">Stats</a>
<a href="/faq.html">FAQ</a>
<a href="https://github.com/curvefi/curve-contract/tree/compounded">git@</a>
</div>
<div id="screen">
<div class="blue window">
<h1>🌀 Curve</h1>
</div>
<div class="window white">
<h2>Curve FAQ</h2>
<h3>What is Curve?</h3>
<p>Curve is an exchange liquidity pool on Ethereum (like <a
href="https://uniswap.exchange/">Uniswap</a>)
designed for (1) extremely efficient stablecoin trading (2) low
risk, supplemental fee income for liquidity providers, without an
opportunity cost.</p>
<p>Curve allows users (and smart contracts like <a href="https://1inch.exchange/">1inch</a> or
<a href="https://paraswap.io/">Paraswap</a>) to trade
between DAI and USDC with a bespoke low slippage, low fee algorithm
designed specifically for stablecoins. Behind the scenes, the
liquidity pool is supplied to the <a href="https://compound.finance/">Compound</a> protocol, where it
generates income for liquidity providers.</p>
<h3>Has Curve been audited?</h3>
<p>Curve is currently in alpha - the codebase can be found
<a href="https://github.com/curvefi/curve-contract/tree/compounded">on GitHub</a>.
Please don’t supply your life savings, or assets you
can’t afford to lose, to Curve, especially as a liquidity
provider.</p>
<p>Using Curve as an exchange user should be significantly less
risky, but this is not advice.</p>
<h3>How do I trade on Curve?</h3>
<p>Before trading, you’ll have to approve Curve to interact with
your DAI or USDC balance, similar to most DeFi applications.</p>
<p>On the <a href="/">exchange</a>, select the asset you would like to convert (e.g.
USDC), and the quantity (e.g. 1,000) - the exchange rate, and
quantity that you will receive (including and all slippage and fees)
will be displayed. The exchange rate might surprise you - that’s the
power of Curve.</p>
<h3>How do I provide liquidity to Curve?</h3>
<p>Curve uses <a href="https://compound.finance/ctokens">cTokens</a>,
assets inside the Compound protocol, as the
liquidity pool - this ensures that assets are always being put to
work. You can acquire cDAI or cUSDC by supplying DAI or USDC to
<a href="https://app.compound.finance/">Compound</a>, or by
acquiring cTokens on <a href="https://1inch.exchange/">1inch</a>
or <a href="https://paraswap.io/">Paraswap</a>.</p>
<p>Before providing liquidity, you’ll have to approve Curve to
interact with your cDAI or cUSDC balances.</p>
<p>Visit the <a href="/deposit.html">Curve deposit page</a>, and your available balances should
appear. If you <b>add all coins in a balanced proportion</b>, you will
provide cTokens at the current exchange Curve rate; this requires
you to have both assets in your wallet. You can uncheck this feature
to supply one side of the market, or a different ratio of assets,
and Curve will automatically exchange them into the proper quantity
(with the same low slippage & fees of the Curve exchange) -
magic!</p>
<h3>What's "Use maximum amount of coins available"?</h3>
<p>This means using all USDC and DAI in your wallet. This way is
recommended only if you have much less coins than currently in
liquidity pool.</p>
<h3>How to withdraw liquidity I provided?</h3>
<p>Go to <a href="/withdraw.html">the withdraw page</a>. If you want
to withdraw some percentage of your liquidity (the preferred way),
type that percentage in the top field.
You can, however, withdraw in a form of individual coins (USDC,
DAI), having the exchange happening for you, if you type amounts in
lower fields. You'll get charge with the exchange fee in the latter
case.</p>
</div>
</div>
</body>
</html>