September 7, 2020 Swerve Finance, a fork of Curve Finance, launches.

A fork of the stablecoin decentralized exchange, Curve Finance, has launched. The fork, Swerve Finance, has positioned itself as an alternative to Curve that supposedly has a greater focus on community governance, rewarding liquidity providers with its native SWRV token without any allocation for other stakeholders, such as team members. So far, the protocol has amassed $424 million in locked capital from Tether, USD Coin, TrueUSD, and Dai, having done so in spite of its contracts being unaudited.