How to Provide Liquidity on Curve
Curve Finance is the leading DEX for stablecoin and pegged asset swaps. By providing liquidity, you earn trading fees and often additional CRV rewards with minimal impermanent loss risk.
Why Curve for Liquidity?
Advantages:- Minimal impermanent loss on pegged pairs
- Efficient trading for similar assets
- High volume = high fees
- CRV and gauge rewards
| Pool | Assets | Typical APY |
|---|---|---|
| . . . | . . . . | . . . . . . - |
| 3pool | USDC/USDT/DAI | 2-5% |
| stETH/ETH | stETH/ETH | 3-6% |
| FRAX/USDC | FRAX/USDC | 3-8% |
Understanding Curve Rewards
- Base APY: Trading fees
- CRV Rewards: Governance token
- Boost: Up to 2.5x with veCRV
- Bribes: Extra rewards from protocols
. -
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Step-by-Step Instructions
1
Choose a Pool
Go to curve.fi and browse pools. Focus on high TVL, stable pairs for lower risk.
Tips
- ✓3pool is most popular stablecoin pool
- ✓stETH/ETH has minimal IL risk
- ✓Check gauge rewards
2
Connect Wallet
Connect MetaMask to Curve. Select your network (Ethereum, Arbitrum, etc.).
Tips
- ✓Arbitrum has lower gas fees
- ✓Same interface across chains
3
Select Deposit Type
Choose balanced deposit (all tokens) or single-sided (one token with swap).
Tips
- ✓Balanced is most efficient
- ✓Single-sided works but has swap fees
4
Enter Amounts
Enter token amounts. Curve shows expected LP tokens and slippage.
Tips
- ✓Large deposits may have slippage
- ✓Check share of pool percentage
5
Approve and Deposit
Approve tokens if first time, then confirm deposit transaction.
Tips
- ✓Gas can be $10-50 on Ethereum
- ✓Consider L2 for smaller amounts
6
Stake LP Tokens
Stake your LP tokens in the gauge to earn CRV rewards.
Tips
- ✓Without staking, you only earn trading fees
- ✓Staking is separate transaction
7
Consider Convex
For higher yields, deposit Curve LP tokens into Convex for boosted rewards.
Tips
- ✓Convex gives max boost without veCRV
- ✓Additional CVX rewards