Glossary

3CRV

3CRV is the LP token for the 3Pool (sometimes referred to as TriPool). Trading fees are distributed in 3CRV.

Admin fee

Admin fee is the share of trading fees that are received by governance participants who have locked their CRV (see veCRV).

Boosting (also boosties)

The act of locking your CRV to earn more CRV on your provided liquidity.

CRV

Governance and utility token for the Curve DAO.

DeFi (Decentralized Finance)

Decentralized finance (commonly referred to as DeFi) is an experimental form of finance that does not rely on financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes blockchains, most commonly the Ethereum blockchain.

Metamask

Metamask is an Ethereum wallet that allows you to interact with Curve and other dapps. You can also use it with Ledger and Trezor hardware wallets. It's the most popular Ethereum web wallet and is available as an add-on for most browsers.

Metapool

Metapools are a type of pool on Curve composed of one asset as well as as LP tokens from another pool.

Llamas

Llamas are wonderful and magical creatures. Each Curve team member must own at least one llama as part of their contract with Curve Finance.

LP (Liquidity provider)

Users providing liquidity (funds/assets) on the Curve or other DeFi protocols.

LP tokens (Liquidity provider token)

When you deposit into a Curve pool, you receive a counter party token which represents your share of the pool.

veCRV

Stands for vote-escrowed CRV. They are CRV locked for the purpose of voting and earning fees.

Yearn

Yearn Protocol is a set of Ethereum Smart Contracts focused on creating a simple way to generate high risk-adjusted returns for depositors of various assets via best-in-class lending protocols, liquidity pools, and community-made yield farming strategies on Ethereum. It was founded by Andre Cronje who has been a long term collaborator of Curve Finance.

yCRV

yCRV is not wrapped CRV, it's a wrapped representation of ownership of yUSDC+yUSDT+yDAI+yTUSD deposits in the Curve Y pool (i.e. your share of the pool). Each pool on Curve has an LP token with a different name.

yUSD (also yyCRV)

Yearn token wrapper that represents shares of the Y pool inside the Yearn Y Pool vault. It is a wrapped version of yCRV.
Last modified 10mo ago