Swerve’s native token is called Swerve token (SWRV) and it is supplied to the community without a reserve for founders or the team. SWRV has a total supply of 33,000,000 tokens, which are unlocked on a yearly basis, with all coins going to liquidity providers.

However, the first distribution of nine million SWRVs occurred 2 weeks after launch. The first year will see liquidity providers receive another 9 million SWRV tokens. The remaining 15 million tokens will then be equally spread over five years at a rate of 3,000,000 tokens per year.

Swerve ($SWRV) is a fork of Curve Finance ($CRV) that is 100% community-owned and governed. Decentralized finance (DeFi) projects came about because of a need to convenient access traditional banking services without centralisation. Some of DeFi’s most controversial areas include governance, pre-mining, and fixed allocation of coins to founders or shareholders of the respective platforms. This has led to DeFi systems being forked to create more transparent products. Swerve is one such fork.

Swerve is a fork of Curve Finance. Curve Finance is a blockchain-based platform that powers the exchange of stablecoins. Its main advantage is the fact that dealing with stablecoins leads to minor slippage, increasing the profit margin for liquidity providers. Curve also has a decentralized autonomous organization (DAO) to enhance distributed governance through voting. Unfortunately, the platform’s founder, Micheal Egorov, holds more than half of the voting power. This led to Swerve’s birth to provide a platform that’s 100% owned by the community.

Exchanges	SWRV price	24h trade volume	24h volume
1 OKX	$ 0.1703	$ 264,568.76	$ 264,568.76 $ 0.1703
2 Huobi Global	$ 0.1709	$ 58,850.49	$ 58,850.49 $ 0.1709
3 Gate.io	$ 0.1706	$ 21,446.59	$ 21,446.59 $ 0.1706
4 CoinW	$ 0.1708	$ 311,154.72	$ 311,154.72 $ 0.1708
5 MEXC Global	$ 0.1705	$ 19,660.92	$ 19,660.92 $ 0.1705

Swerve DAO Token

Swerve DAO Token Exchange listings