Starting off our DeFi assets for week 2, we’re adding Swerve (SWRV) to Poloniex! You can find SWRV in our DeFi Innovation Zone alongside 50+ other DeFi assets.
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What is Swerve?
Swerve, a fork of Curve, is a newly launched platform that aims to be 100% run by their community. If you provide liquidity to Swerve, you can get ySWRV tokens which can then be staked in the Swerve DAO to earn Swerve DAO Tokens (SWRV). Swerve has launched with one pool to start that uses DAI, USDC, USDT and TUSD to cut down on gas fees for users. They claim that the DAO can decide to vote in additional pools moving forward and that voting will be enabled within the DAO in about 24 hours. SWRV is the native token of Swerve and is now available on Poloniex. Deposit SWRV now and begin trading.
Market Cap: $13,312,593
Market Cap Rank: #324
24h Trading Volume: $13,481,850
7d Low / 7d High: $3.12 / $39.04
All Time High: $39.04 (September 5, 2020)
All Time Low: $3.12 (September 8, 2020)
Circulating Supply: 1,641,310 SWRV