What is Curve DAO?
CRV CurveDAO is a decentralized autonomous organization (DAO) that governs the Curve protocol, a decentralized exchange (DEX) that specializes in stablecoins. The CRV token is the governance token of the CurveDAO, and its holders have the power to propose and vote on changes to the protocol. The goal of the CRV CurveDAO is to ensure the efficient and secure trading of stablecoins, which are digital assets that are designed to maintain a stable value relative to a particular currency or commodity. The Curve protocol achieves this by using a unique algorithm that allows for low slippage and high liquidity when trading stablecoins. By using the CRV CurveDAO, users can participate in the governance of the Curve protocol and help shape its future development.
How to Deposit CRV Into Your Coinmetro Account
If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts, or using a full ETH wallet as an intermediary.
Note: As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.
How to Withdraw CRV From Your Coinmetro Account
Important Note - To request a withdrawal, your account profile needs to be verified as well as have the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be verified via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and withdrawal status can be found by selecting the wallet on the GO! Dashboard. Approved withdrawals cannot be canceled. If there is no Cancel button, there should be a transaction ID (TXID). This is a link to the relevant tx hash (Transaction Hash) on a blockchain explorer website.
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