Curve DAO is a decentralized organization that governs the Curve.fi protocol and exchange. This platform focuses on swapping ERC-20 tokens, particularly stablecoins. The project aims to provide users with a fast and secure way to exchange stablecoins and other Ethereum-based tokens.
What sets Curve.fi apart from other DeFi platforms is its unique stableswap algorithm. This mechanism minimizes risks for liquidity providers and helps maintain stable exchange rates for stablecoins traded on the platform.
CRV is the native governance token of Curve DAO. Holders of CRV can vote on proposals that shape the future of the platform. The token is also used in liquidity pools for yield farming. Like many other governance tokens in DeFi, CRV is freely traded on major crypto exchanges and peer-to-peer platforms.
Users can lock CRV for up to 4 years in exchange for veCRV, a non-transferable token that provides:
- voting power in DAO governance
- boosted earnings from liquidity pools
- priority access to rewards distribution
The maximum supply of CRV is capped at 3.03 billion tokens. Around 1.3 billion were gradually released at launch in 2020. New tokens are issued linearly, accounting for annual inflation.
To buy and use CRV, you'll need a compatible crypto wallet. Let’s see how to set one up.
What is a CRV Wallet?
A Curve DAO token wallet is a local or cloud-based application that allows you to receive, send, exchange, and store CRV tokens. Since CRV follows the ERC-20 standard on the Ethereum blockchain, any software or hardware wallet compatible with Ethereum and ERC-20 tokens can be used to hold it.
Wallets are accessed using private keys—unique 64-character hexadecimal strings. These keys can be stored in raw format, encoded, or represented as 12–24 English words .
Depending on how they manage private keys, wallets are classified as custodial or non-custodial. Non-custodial wallets give full control to the user. The service does not store copies of your private keys, which increases security—if the service is hacked, your funds remain safe. However, this also means users must manage and protect their keys themselves.
Custodial wallets store private keys on secure infrastructure maintained by the provider. This adds some risk but greatly improves usability and allows for key recovery if access is lost.
Based on connectivity, wallets are also categorized as:
- Cold wallets, which can operate offline. They offer higher security but require internet access to sync and confirm transactions.
- Hot wallets, which are always connected to the internet. They are more convenient for regular use but carry a higher risk of online threats.
Why EMCD Is a Good Choice for a CRV Wallet
EMCD wallets are custodial, hot, and multi-currency. This means they are easy to use, always online, and managed securely by the platform. The wallet supports a wide range of popular coins and tokens, including:
- AAVE
- AVAX
- BTC
- BCH
- CAKE
- CAU
- ETC
- ETH
- DASH
- DOGE
- KAS
- LDO
- LINK
- LTC
- MATIC
- NOT
- OP
- SOL
- SUSHI
- TON
- UNI
- USDT
- USDC
With an EMCD wallet, you get:
- privacy and security backed by a trusted platform
- zero-fee crypto transfers
- a simple interface
In addition to a reliable and user-friendly wallet for CRV and other assets, EMCD offers several integrated tools for crypto users:
- a P2P exchange platform
- a mining pool for major cryptocurrencies
- a crypto investment service
- a database with useful articles on crypto
How to Create a Curve DAO Wallet
On the EMCD platform, there are two ways to create an account: a quick method and via email. To start registration, simply click the "Create Account" button on the website.
For quick registration:
- Click the "Create with Google" or "Create with Telegram" button
- Grant the platform permission to access your account
For email registration:
- Enter your email address in the appropriate field
- Create and enter a strong password
- Click the "Create Account" button
- Confirm your email by clicking the link in the verification email
After registration, you can configure security and access settings, as well as fund your Curve DAO wallet using convenient methods. You can deposit funds from another wallet, a bank card, or via the EMCD P2P platform.