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Swerve Stock

Swerve

SWRV

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Swerve Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GateSWRV/USDT019.0710.3581,442.740cex47/9/2025, 6:23 AM
HitBTCSWRV/BTC00000cex17/9/2025, 6:21 AM
Gate.ioSWRV/ETH00000cex14/8/2025, 6:32 AM
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Swerve FAQ

What is Swerve (SWRV)?

Swerve is a decentralized liquidity exchange platform that originated as a fork of Curve. Like Curve, Swerve primarily focuses on stablecoin pools. Initially, it was launched with a single pool combining Dai (DAI), USD Coin (USDC), Tether (USDT), and TrueUSD (TUSD). By December, the project reported that this pool had nearly reached a total value locked of $1 billion. Functioning as a decentralized autonomous organization, Swerve employs an Ethereum-based ERC-20 token, SWRV, for governance purposes as well as for rewarding liquidity providers. The project was announced on September 3, 2020, and was launched the following day.

Who Are the Founders of Swerve?

Swerve was initiated by a developer operating under the pseudonym "John Deere." This project began as a passion endeavor outside of Deere's primary occupation. During an "ask me anything" session, he described his personal background as "just a lowly farmer" who appreciates "sane token distributions." Deere also mentioned having experience in both software development and the cryptocurrency sector. Although he initially undertook the project independently, John Deere has acknowledged the community's vital role in its design and implementation. He expressed his intention to guide the project through its early stages, with the ultimate goal of transitioning its development to the community. In October 2020, the Swerve governance voted to appoint community member "FairlyRarePepe" as an additional developer.

What Distinguishes Swerve?

Swerve was introduced as a community-driven alternative to Curve. The founder of Swerve has expressed significant criticism of Curve, alleging that the platform lacks fair governance and that its founder wields excessive power. According to Swerve's founder, the platform provides superior swap pricing and higher annual percentage yields on stablecoins compared to other platforms. Swerve employs a reward mechanism known as "Boost," enabling liquidity providers who lock up SWRV to earn a higher APY than those who do not opt for boosting. The boost rate for one's APY is calculated based on factors such as the number of tokens a user locks and the overall amount locked. Transactions on the platform incur a 0.03% fee, with 50% distributed to liquidity providers and the remaining 50% allocated as an administrative fee to the Swerve treasury, which is capped at $200,000. In October 2020, governance decided to accept a grant to further develop on the decentralized finance platform Serum (SRM). In October 2020, founder John Deer emphasized that his priorities for the project included increasing platform volume and enhancing incentives for holding SWRV.

What is the Circulating Supply of Swerve (SWRV) Coins?

Swerve has a total token supply of 33 million. All minted SWRV is awarded to liquidity providers, with the development team asserting that there was no premine and no tokens allocated to the developers. Nine million SWRV were distributed during the first two weeks, with an additional 9 million SWRV set to be distributed over the first year. Beginning in the second year, 3 million SWRV will be distributed annually until the full 33 million tokens have been minted by the end of the sixth year.

How is the Swerve Network Secured?

SWRV is an ERC-20 token issued on the Ethereum blockchain, meaning that SWRV transactions are validated via the Ethereum network. Ethereum operates using a proof-of-work consensus algorithm, where miners compete with each other to add new blocks to the blockchain, and the majority of network nodes must confirm a record for it to be recorded. The Swerve treasury is managed by a select group of multisignature key holders, who were chosen through a governance vote. This group consists of three community members and four external representatives with access to the treasury keys. Smart contracts of the Swerve protocol underwent auditing by Cryptic Labs and Peckshield, both of which reported no critical security issues. Nevertheless, in October 2020, Swerve disclosed the identification of a security vulnerability in the platform's smart contracts, and announced that steps were being taken to address the issue.

Where can you purchase Swerve (SWRV)?

SWRV is available for purchase on various cryptocurrency exchanges, including 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), as well as stablecoins like Tether (USDT) and Binance USD (BUSD). If you are interested in buying SWRV or other cryptocurrencies like Bitcoin, Eulerpool offers a straightforward, step-by-step guide to educate you about cryptocurrencies and guide you through purchasing your first coins.

Investors interested in Swerve are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.