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DeFi Ethereum

Why SWRV token is needed in Swerve Finance

How SWRV DAO Token works. Swerve Finance is a decentralized exchange for stablecoins and a fork of Curve. It’s 100% community owned and governed.

Reminder: Many recent DeFi protocols are unaudited and untested. Be careful interacting with these in any way.

What is SWRV?


The governance token for Swerve.

SWRV is used for


There are proposals to add more incentives to hold Swerve, like distributing a portion of the trading fees to holders.

What is Swerve Finance?


Swerve Finance is a decentralized exchange for stablecoins and a fork of Curve. It’s 100% community owned and governed.

It’s not a normal fork per se, how it works is described in this tweet.

How Swerve Finance works


Users can trade between stable coins at low fees, currently 0.04%. Vote ongoing to lower to 0.03%.

Other user provide different stable coins to the pools in order to earn SWRV rewards and trading fees.

Governance

  • The Swerve DAO will be an Aragon DAO like on Curve.
  • For now governance is done through this page.
  • And discussed here.

Like Curve, you lock SWRV to earn voting power – veSWRV. Voting power is time weighted so the longer you lock the more you earn.

With veSWRV you also vote on how much SWRV is distributed to any of the given pools (gauge weight).

Token Issuance


Total supply: 33 000 000

Emission Schedule

  • First 2 weeks : 9 million
  • Year 1: 9 million
  • Year 2: 3 million
  • Year 3: 3 million
  • Year 4: 3 million
  • Year 5: 3 million
  • Year 6: 3 million

Docs


Smart contracts

Dev interview

What’s the story?


  • DeFi
  • 100 % community owned and governed
  • CRV had a shaky launch

Competition


SWRV Price


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