Uniswap vs curve dao vs balancer
Uniswap
- Started late 2018
- doesn’t have its own token
- Constant Product Automated Market Maker Model
- Small pool leads to slippage
- Be careful of impermanent loss
Curve DAO
- Started as stable-coin-only DEX (StableSwap) (trade DAI, USDC, Tether without much slippage)
- Added other coins like ETH, BTC as the size grow
- Facilitates high liquidity with small slippage for stable coins
- Bonding Curve - A method to minimize price slippage
- You can supply liquidity and farm yield. Curve DAO gives you some additional coins on top of transaction fees. This reduces the risk of impermanent loss.
- CRV is Curve’s governance token
Balancer
- Acts as an automatic portfolio manager, liquidity provider, and price sensor
- At Uniswap you run the risk, at Curve you stake stable coins, at Balancer you can supply liquidity for any crypto assets
- Whitepaper
