SWRV

SwerveSWRV

Rank #746
Token
On 3,674 watchlists

Preis (Swerve) (SWRV)

$0.5813
39.60%

0.00001604 BTC

0.0004954 ETH

Tief:$0.4060
Hoch:$0.6255
24 Stunden
SWRV  Swerve SWRVPrice: $0.5813 39.60%
Marktkapitalisierung
$5,922,104
39.75%
Fully Diluted Market Cap
$19,181,281
39.60%
Volumen
24 Stunden
$13,214,242
277.31%
Umlaufversorgung
10,188,550 SWRV
31%
Maximale Versorgung
33,000,000

Swerve Chart

 

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Über Swerve

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.

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.

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.

Learn about Curve, the project from which Swerve was forked.

Learn about Uniswap, the largest decentralized trading protocol.

Want to know more about how DAOs operate? Read an in-depth explanation on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the latest developments in decentralized finance and trading with the CoinMarketCap blog.

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.

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.

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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SWRV

Swerve

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USD

United States Dollar

SWRV Price Statistics

Swerve Preis heute
Preis (Swerve)$0.5813
Price Change24h$0.2302

39.6%

24h Low / 24h High
$0.4060 /
$0.6255
Trading Volume24h$13,214,242.45

277.31%

Market DominanceKeine Daten
Marktrang#746
Swerve Market Cap
Marktkapitalisierung$5,922,103.90

39.75%

Fully Diluted Market Cap$19,181,280.64

39.6%

Swerve Preis gestern
Yesterday's Low / High
$0.3941 /
$0.5421
Eröffnungs-/Schlusskurs (Gestern)
$0.3976 /
$0.5375
Änderung (Gestern)

35.19%

Volumen (Gestern)$9,243,818.04
Swerve Preisentwicklung
7d Low / 7d High
$0.3507 /
$0.6255
30d Low / 30d High
$0.3507 /
$0.6574
90d Low / 90d High
$0.3507 /
$1.56
52 Week Low / 52 Week High
$0.3507 /
$42.22
Allzeithoch
Sep 05, 2020 (4 months ago)
$42.22

98.62%

Allzeittief
Jan 11, 2021 (5 days ago)
$0.3507

65.75%

ROI (Swerve)

96.28%

Swerve Liefern
Umlaufversorgung10,188,550 SWRV
Gesamtversorgung11,429,177 SWRV
Maximale Versorgung33,000,000 SWRV

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