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swerve SWERVE Protocol #
0.00 USD 0.00% 0.00
Circulating supply 0
Total supply 100M
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swerve Price

Current Price 0.00 USD
Price Change 24H 0.00 USD
Price Change 24H 0.00%
Price Change 7D 0.06%
Price Change 14D 0.06%
Price Change 30D 0.06%
Price Change 60D 0.06%
Price Change 1Y -73.89%
Market Cap Change 24H 0
Market Cap Change 24H 0.00%
Market Cap 0 USD
All time high (ATH) 0.11 USD
ATH Change -100.00%
ATH Date 2021, Nov 25

swerve Markets

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

SWERVE Protocol

The SWERVE protocol is a decentralised asset provider enabling users to access alternative non-USD stable coins through staking of collateral. The SWERVE protocol also is a decentralized on-chain liquidation engine system powering derivatives markets on trading and lending platforms on Solana.

Right now, there are no major non-USD stable coins leading to a dependency on the dollar. SWERVE is enabling users to gain onchain exposure to other currencies like KRW, JPY, etc. This enables additional market pairs to enter the Serum ecosystem as a new base is introduced.

The liquidation engine aspect of the protocol plays a key role in keeping a healthy Solana ecosystem. By managing liquidations and providing capital across several different derivatives and lending platforms, the overall usability and health of the platforms are substantially increased, which helps further advance the ecosystem.