CRV Risk

CURVE (CRV)
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DESCRIPTION

Curve DAO (CRV) is a decentralized autonomous organization (DAO) and governance token associated with the Curve Finance protocol. Curve Finance is a decentralized exchange (DEX) specifically designed for stablecoin trading on the Ethereum blockchain. Launched in 2020 by Michael Egorov and the Curve team, Curve Finance focuses on providing low slippage and low fee trades for stablecoin pairs.

CRV serves as the governance token of Curve DAO, allowing holders to participate in the decision-making processes and shape the future development of the protocol. CRV holders can propose and vote on proposals related to protocol upgrades, parameter adjustments, and other governance matters. In addition to governance, CRV token holders can also stake their tokens to earn rewards, fostering community involvement and alignment of incentives.

Curve (CRV) Whitepaper: https://whitepaper.io/coin/curve-dao-token
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RISKS OF CRV

Any investment in cryptocurrency and digital assets, such as CRV, can include the following general risks:(i) volatility risk and liquidity risk(ii) short history risk(iii) demand risk(iv) forking risk(v) code defect risk(vi) regulatory risk(vii) electronic trading risk(viii) cyber security risk

For additional information of risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. In terms of specific risks, as CRV is one of the longest-standing crypto assets and its community base is widely decentralized, there is no central working group or authority to disclose material information to the public regarding CRV. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks and, in addition, there may be other risks that come with exposure to CRV. We encourage all users to perform their own due diligence to assess the risks associated with CRV and to determine whether this level of risk is acceptable to them. Neither CRV nor Satstreet guarantees the value of CRV, and holders of CRV will not have any recourse to CRV or Satstreet if the value of CRV declines for any reason whatsoever.

SATSTREET EVALUATION OF CRV

Satstreet Inc. has reviewed and assessed CRV prior to making it available through our services and has concluded that CRV is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove CRV from its platform as described in the Satstreet Inc. Services Risk Statement.

Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about CRV, including an opinion that CRV is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed CRV, including, but not limited to, a review of the following: The creation, governance, usage, and design of CRV, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created CRV. The supply, demand, maturity, utility, and liquidity of CRV. Material technical risks associated with CRV, including any code defects, security breaches and other threats concerning CRV and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with CRV, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CRV, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to CRV about whether CRV, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: June 2023

Risk Statements

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