SWRV

SwerveSWRV

Rank #691
Token
On 3,674 watchlists

Presyo ng Swerve (SWRV)

$0.7473
40.31%

0.00002074 BTC

0.0006030 ETH

Mababa:$0.5568
Mataas:$0.8252
24h
SWRV  Swerve SWRVPrice: $0.7473 40.31%
Market Cap
$7,633,865
40.46%
Fully Diluted Market Cap
$24,661,675
40.31%
Dami
24h
$16,524,843
40.82%
Umiikot na Supply
10,214,940 SWRV
31%
Sagad na Supply
33,000,000

Swerve Chart

 

How do you feel about Swerve today?

Vote to see community results

Tungkol sa 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.

converter-coin-logo

SWRV

Swerve

converter-coin-logo

USD

United States Dollar

SWRV Price Statistics

Swerve Price Today
Presyo ng Swerve$0.7473
Price Change24h$0.3012

40.31%

24h Low / 24h High
$0.5568 /
$0.8252
Trading Volume24h$16,524,842.53

40.82%

Market DominanceWalang Datos
Ranggo sa Merkado#691
Swerve Market Cap
Market Cap$7,633,864.86

40.46%

Fully Diluted Market Cap$24,661,675.43

40.31%

Swerve Price Yesterday
Yesterday's Low / High
$0.5276 /
$0.8252
Pagbubukas / Pagsasara Kahapon
$0.5468 /
$0.7735
Pagbabago Kahapon

41.45%

Dami Kahapon$16,782,807.57
Swerve Price History
7d Low / 7d High
$0.3507 /
$0.8252
30d Low / 30d High
$0.3507 /
$0.8252
90d Low / 90d High
$0.3507 /
$1.56
52 Week Low / 52 Week High
$0.3507 /
$42.22
Pinakamataas
Sep 05, 2020 (4 months ago)
$42.22

98.23%

Pinakamababa
Jan 11, 2021 (6 days ago)
$0.3507

113.11%

ROI ng Swerve

95.21%

Swerve Supply
Umiikot na Supply10,214,940 SWRV
Kabuuang Supply11,465,837 SWRV
Sagad na Supply33,000,000 SWRV

Swerve Mga Market

#

Pinagkunan

Pairs

Presyo

Dami

Volume %

Liquidity

Confidence

Naupdate
No Data