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An Exchange Liquidity Pool for Stablecoins.
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Swerve is an exchange liquidity pool on Ethereum that is designed for efficient stablecoin trading. The project is a code fork of Curve, with one of the key differences being the Swerve team does not have a share in liquidity mining rewards.
SWRV is the native utility token of the Swerve platform, and is used for voting in platform governance. Users can earn the SWRV token by providing liquidity on the platform.
Since Swerve's current pools only support stablecoins, liquidity providers experience minimal impermanent loss, which can occur in liquidity pools where tokens with large value fluctuations are traded.
The Swerve liquidity pool is integrated with iearn.finance, which utilizes Aave and Compound, to maximize yield for liquidity providers even when their tokens are idle.