network, Curve Finance is a decentralized exchange that focuses primarily on efficient stablecoin trading., Curve Finance ranks as the 5th DEX with the largest total value locked . At press time, the protocol’s TVL stood at $5.09 billion.
Also impacted by the general market decline, data from IntoTheBlock showed that the total liquidity provided on Curve has fallen by 81% since the beginning of the year. It fell from $27.17 billion in January to $4.01 billion by press time.Curve Finance is a protocol with over 100 different liquidity pools. With a TVL of $1.4 billion, thepool is the largest. As a result, the pool has been the most impacted by the general decline suffered by the DEX.
In addition to a free fall in the total liquidity offered by the stETH pool on Curve Finance, the annual percentage yield paid out as a reward to users who stake on the pool has declined significantly since 15 June.