There is a latest copycat on the now highly contentious DeFi scene is a Curve clone called Swerve Finance

The cryptocurrency market is not always bullish and revolves around Bitcoin. Every year, every season, the market reappears new games, and the recent trend is farming protocols, turning a trader into a real farmer. And the latest name to appear recently is Swerve Finance.

Will Curve’s copy – Swerve Finance – bring more liquidity?

Many projects listen to the name, but it isn’t easy to understand what role it plays in real life, such as Sushi Kimchi Hotdog and Pizza… There are many projects of which have been inflated terrible, but there are also some projects that are in a daze. One of the latest projects to emerge in the controversial DeFi market today is a clone of the Curve, called Swerve Finance.

Swerve describes itself as a fair-launched liquidity pool on Ethereum. This is a project designed for stablecoin trading, thoroughly distributing the tokens allocated to liquidity providers. This model has been used before, and its predecessor was the Curve Finance protocol. In other words, Swerve is a DeFi clone of Curve.

When asked if Curve’s code is exclusive, Swerve responded as follows:

“We have written an independent Solidity code that interacts with Curve’s contracts essentially as an on-chain API via delegation. Any reused software in Swerve is MIT licensed.”

Just like Curve, liquidity providers are rewarded with ySWRV token, which can be staked through Swerve DAO to earn SWRV. The project has a total supply of 33 million tokens, redistributed among liquidity providers, and has only one Y team to start with.

The first two weeks will have more massive distribution, around 9 million tokens, and the rest will be released over the next six years.

Initial responses were quite positive, but nothing stopped whales from starting to pump up token prices, and then dumped quickly, damaging everyone who joined the ecosystem later.

There is no timeframe for the launch of Swerve, and its token is not listed on Uniswap either. Following treats like Sushi, Kimchi, and Hotdog that have now failed, it’s fair to say that any clone DeFi project is hazardous.

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