Whatever your Curve Finance transactions, you'll need to figure out if you owe tax on them. Koinly can help. It's this simple:
To import your Curve Finance transactions, you'll need to connect each wallet you use with Curve Finance to Koinly. This is easy to do, you just need your public address - and we have steps on how to get your public address for all the most popular wallets on our integration pages.
As Curve Finance supports many blockchains, this may mean getting multiple public addresses from each wallet to ensure you're importing your transactions from all blockchains. Here’s an example of how it generally works.
We’ve got plenty of help at hand if you’re having any trouble connecting to Koinly:
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Curve Finance is an automated market maker - similar to other popular Ethereum vexes like Uniswap - but what sets it apart is Curve allows for liquidity pools made up of more than two pairs, provided those assets behave in a similar manner. For example, you could have a liquidity pool with multiple stablecoins in it, or multiple versions of wrapped Bitcoin. This means users benefit from lower slippage, lower fees, and a reduced risk of impermanent loss.
Curve Finance works in a similar fashion to other automated market makers. The protocol utilizes liquidity pools instead of arranging trades between buyers and sellers using an order book.
Anyone, anywhere can use Curve to trade tokens, as well as opt to provide liquidity to earn a share of the fees relating to that pool. CRV token
As well as this, liquidity providers may earn additional rewards in the form of CRV tokens - Curve Finance’s governance token. Many users go on to stake these on yield farming platforms like Yearn Finance in order to multiply their rewards.
It's easy to use Curve Finance - all you need is a non-custodial wallet. Curve supports:
Once you've got your wallet funded, all you need to do is connect to Curve and you'll be able to trade, add liquidity, and more.
You can use Curve Finance to: