Details about Stake DAO CRV cryptocurrency
€159,973
22,975,526
0
Unknown
https://lockers.stakedao.org/
@StakeDAOHQ
126418x
€51387.6
Stake DAO CRV price charts
SDCRV exchanges
Stake DAO CRV, the crypto
Stake DAO CRV (SDCRV) is a token that represents the proportional ownership of the funds deposited in the Curve.fi pool managed by Stake DAO. It is a yield-bearing asset that represents the underlying pool of stablecoins, such as DAI and USDC, staked by users on the Curve protocol.
The point
The main point of Stake DAO CRV (SDCRV) is to enable users to earn passive income on their stablecoin investments by staking them in a Curve pool, where they are used to facilitate low-slippage trades between different stablecoins. Stake DAO manages the pool and distributes the profits to SDCRV holders proportional to their stake.
The problem
Stake DAO CRV (SDCRV) seeks to solve the problem of low yields on stablecoin investments, which can result in diminished returns or even losses due to inflation. By staking stablecoins in a high-yield Curve pool managed by a reputable DAO, SDCRV holders can earn reliable gains on their investment while maintaining low risk.
Compare SDCRV and BTC performance
| Timeframe | SDCRV | BTC |
|---|---|---|
| 1h change | 0.863231 % | -0.0939119 % |
| 24h change | -0.5 % | -0.776944 % |
| 7 day change | 1.94 % | -0.423738 % |
| 14 day change | -3.23 % | -5.27242 % |
| 30 day change | -34.72 % | -7.24073 % |
| 200 day change | -4.16 % | 128.555 % |
| Year change | -50.92 % | 132.267 % |