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About SWRV

Swerve is a decentralized liquidity exchange pool that is described to be a fork of Curve. The project team promises that there's no fake-out deployment, no questionable pre-mining, no founder controlling majority of the governance vote, no suspect team proposals, no allocation to 'shareholders', no team allocation, no decades long distribution. In other words, it is claimed that the total supply is owned entirely by holders, the community of liquidity providers and users. If holders provide liquidity to Swerve, they get $ySWRV tokens which can be staked in the Swerve DAO to earn $SWRV. To kickstart the protocol and encourage users to try out Swerve, the first two weeks will have a larger distribution of $SWRV awarded.

Swerve (SWRV) is a cryptocurrency launched in 2020. SWRV has a current supply of 21.23M with 18.35M in circulation. The last known price of SWRV is 0.005505720847 USD and is 0.000885517517 over the last 24 hours. It is currently trading on active market(s) with $808.99 traded over the last 24 hours. More information can be found at https://swerve.fi/.

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SWRV Price Statistics
SWRV’s Price Today
24h Price Change
+$0.00088551751719.17%
24h Volume
$808.998.87%
24h Low / 24h High
$0 / $0
Volume / Market Cap
0.008007560932
Market Dominance
0.00%
Market Rank
#2600
SWRV Market Cap
Market Cap
$101,028.36
Fully Diluted Market Cap
$181,688.79
SWRV Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
SWRV Supply
Circulating Supply
18.35M
Total Supply
21.23M
Max Supply
33.00M
Updated Nov 07, 2024 7:08 pm
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SWRV
Swerve
$0.005505720847
$0.000885517517(+19.17%)
Mkt Cap $101,028.36
There's nothing here for now

Frequently Asked Questions

  • What Is Swerve (SWRV)?

    Swerve is a decentralized liquidity exchange pool that was forked from Curve. Similar to Curve, it is primarily focused on stablecoin pools. It launched with just one combined pool of Dai (DAI), USD Coin (USDC), Tether (USDT) and TrueUSD (TUSD). In December, the project reported that the pool had reached nearly $1 billion in total value locked.

    As a decentralized autonomous organization, Swerve uses an Ethereum-issued ERC-20 token, SWRV, for governance in addition to rewarding liquidity providers.

    The project was announced on Sept. 3, 2020, and launched the next day.

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  • Who Are the Founders of Swerve?

    Swerve was launched by a pseudonymous developer known as "John Deere" who started it as a passion project outside of his full-time job. When asked about his personal background in an "ask me anything" session, he stated that he is "just a lowly farmer" who likes "sane token distributions." He has also said that he has experience in software development and crypto.

    Although he started it by himself, John Deere has given credit to the community for assisting in its design and implementation. He has said that while he is guiding the project during its initial growth, he hopes to pass on its development to the community.

    In October 2020, Swerve governance voted to hire community member "FairlyRarePepe" as an additional developer.

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  • What Makes Swerve Unique?

    Swerve was launched as a community-focused alternative to Curve. Swerve's founder has been very critical of Curve, saying that the platform is not fairly governed and that its founder has too much power. Swerve's founder has said that it offers better swap pricing and larger annual percentage yields on stablecoins than other platforms.

    Swerve also uses a reward gaming mechanism called "Boost" through which liquidity providers that lock up SWRV can receive a higher APY than those that don't boost. The rate at which one's APY is boosted is determined by a calculation that incorporates the number of tokens locked by the user and the total amount locked, among other factors.

    Trading on the platform is subject to a 0.03% fee, of which 50% is awarded to liquidity providers and 50% is taken as an administrative fee and sent to the Swerve treasury, which is capped at $200,000. In October 2020, its governance voted to accept a grant to further build on decentralized finance platform Serum (SRM).

    In October 2020, founder John Deer stated that his priorities for the project were to increase the platform's volume and better incentivize the holding of SWRV.

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  • How Many Swerve (SWRV) Coins Are There in Circulation?

    Swerve has a total token supply of 33 million. All minted SWRV is awarded to liquidity providers, with the development team stating that there was no premine and no tokens allocated to the developers.

    Nine million SWRV was distributed during the first two weeks, and another 9 million SWRV will be distributed over the first year. Starting at year two, 3 million SWRV will be distributed per year until all 33 million tokens have been minted by the end of year six.

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  • How Is the Swerve Network Secured?

    SWRV is an ERC-20 token issued on the Ethereum blockchain, which means that SWRV transactions are validated by the Ethereum network. Ethereum uses a proof-of-work consensus algorithm in which miners compete among each other to add new blocks to the blockchain and a majority of all nodes in the network must confirm a record for it to be posted.

    Swerve's treasury is controlled by a small group of multisignature key holders who were selected by a governance vote. Three community members and four external representatives hold the treasury keys.

    The Swerve protocol's smart contracts were audited by Cryptic Labs and Peckshield, both of which found no critical security flaws. However, in October 2020, Swerve announced that it had been alerted to a security vulnerability in the smart contracts that power the platform, stating that it was working on a fix.

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  • Where Can You Buy Swerve (SWRV)?

    SWRV can be purchased on cryptocurrency exchanges such as OKEx, Huobi Global, Binance and MXC.COM, among others. It can be traded against the U.S. dollar, cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), and stablecoins such as Tether (USDT) and Binance USD (BUSD).

    Are you interested in buying SWRV or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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  • What is the all-time high price of Swerve (SWRV)?

    The all-time high of SWRV was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Swerve (SWRV) is 0. The current price of SWRV is down 0% from its all-time high.

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  • How much Swerve (SWRV) is there in circulation?

    As of , there is currently 18.35M SWRV in circulation. SWRV has a maximum supply of 33.00M.

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  • What is the market cap of Swerve (SWRV)?

    The current market cap of SWRV is 101,028.36. It is calculated by multiplying the current supply of SWRV by its real-time market price of 0.005505720847.

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  • What is the all-time low price of Swerve (SWRV)?

    The all-time low of SWRV was 0 , from which the coin is now up 0%. The all-time low price of Swerve (SWRV) is 0. The current price of SWRV is up 0% from its all-time low.

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  • Is Swerve (SWRV) a good investment?

    Swerve (SWRV) has a market capitalization of $101,028.36 and is ranked #2600 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Swerve (SWRV) price trends and patterns to find the best time to purchase SWRV.

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