How Curve Finance Built the Stablecoin Liquidity Highway- and What It Means for Product Leaders
Have you ever noticed how swapping one stablecoin for another often costs more than you'd expect? Behind that seemingly trivial transaction is a rich story of product innovation, algorithmic design, token-economics and community governance. Enter Curve Finance. In the world of decentralised finance (DeFi), many protocols chase headlines: “We’ll disrupt all of finance!”, “Yield of 1000 %!”, “Token goes to the moon!”. But every now and then a protocol quietly builds something essential — infrastructure you don’t see but users rely on. That’s the story of Curve Finance. From its roots in efficient stablecoin swaps to becoming a backbone of liquidity in DeFi, Curve offers product managers, founders and tech-strategists several lessons: how to identify a niche, design for capital efficiency, bind token incentives with governance, and scale across chains. In this article I’ll walk through how Curve works, why it matters, and what product-leaders can learn from it. 1. The problem Curv...