Will DeFi Curve Clone Swerve Finance Lure More Liquidity?

DeFi liquidity

This week has been filled with the likes of Sushi, Kimchi, Hotdog, and Pizza, half of which have pumped and dumped back into obscurity. The latest copycat to appear on the now highly contentious DeFi scene is a Curve clone called Swerve Finance.

Honest Hard Working Farmers Wanted

Swerve claims to be a fair launched liquidity pool on Ethereum, which has been designed for efficient stablecoin trading with full token distribution allocated to liquidity providers. Sound familiar? Well, that’s because it is. Swerve is another DeFi clone taken from the Curve Finance protocol.

The website shows the breakdown of token distribution but begins with this;

“There’s no fake-out deployment, no questionable pre-mining, no founder controlling majority of the governance vote, no suspect team proposals, no 30% allocation to ‘shareholders’, no team allocation, no decades long distribution, none of it.”

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When I came up with Ethereum, my first first thought was, 'Okay, this thing is too good to be true.' As it turned out, the core Ethereum idea was good - fundamentally, completely sound