Quick summary: Our recommendation is to use eToro to short Curve. They have the most popular cryptocurrencies on offer, great support, and have an easy system for shorting cryptocurrencies in general.

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Curve

While there are a lot of options out there for buying CRV, shorting is a different story. Luckily for us here in Australia, we do have a few crypto brokers and exchanges that allow for CFDs and shorting.

One of those brokers is eToro, which we’ll be using for this guide. Let’s get started!

How to Short Curve in Australia

A quick recap first on what shorting actually is: The main objective of shorting or short selling is to make a profit (of course). The idea is to sell a stock/cryptocurrency hoping it will drop in value so you can buy it back later for cheaper, thus creating a net profit.

Shorting Curve can be done in 4 easy steps:

  1. Choose a crypto broker or exchange
  2. Create an account
  3. Fund your account
  4. Short Curve

1. Choose a cryptocurrency exchange

As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.

You can, of course, use any other crypto broker to follow along, they all work very similarly.

2. Create an account on the cryptocurrency exchange

Let’s start with just signing up with eToro.

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The sign-up process is very easy, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your eToro account

Next is funding your account. You have several options when it comes to depositing AUD into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

4. Short Curve

Now for the actual shorting:

  • Starting off at the search bar at the top, find Curve by entering the name or symbol.
  • Then on the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
  • At the top of the trading interface: Click on sell to short sell the stock.
  • Enter the amount for which you want to sell Curve and click on “Open Trade”.

Once you’re ready to close the trade, hopefully when the value of Curve has dropped, go to your Portfolio, find the Curve trade, and click on the red cross to close the trade.

If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.

Congratulations, now you know how to short Curve!

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Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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Where to Short Curve (CRV)

Aside from eToro, the other major exchange you can use is Binance.

While Binance tends to be a bit more complex compared to eToro, they do have more cryptocurrencies on offer.

Frequently Asked Questions

Can I short Curve on Binance?

Yes, you can short Curve on Binance. They have over 300 cryptocurrencies on offer and specialise in the crypto market. They also have a great app and competitive fees.

About Curve

Curve Finance, similar to Uniswap is an Automated Market Maker based Decentralised Exchange. (DEX). Unlike Uniswap it focuses on only swapping between assets of the same value. This is useful for the DeFi ecosystem because there are many wrapped tokens as well as synthetic tokens that attempt to imitate the actual asset's price.

3CRV, a stablecoin pool containing DAI and USDT, is one example. The supply and demand in the market will determine their ratios. The pool will be more generous if a coin has a lower ratio. If the ratio is very tilted towards one of the coins it can be used as an arbitrage opportunity.

Curve Finance also supports yield bearing tokens. Yearn Finance was a partner in creating yUSD pools, which included yDAI and yUSDT as well as yUSDC, yUSDC, and yTUSD. This pool's participants will have both yield from the underlying yield bearing tokens and the swap fees generated through the Curve pool. Liquidity providers of the pool have three sources of yield.

Curve has attracted a lot of attention due to its role as an AMM primarily for stablecoin trade.

DAO and the CRV token were launched to increase profitability. CRV is used for governance and it is awarded to users according to their liquidity commitments and length of ownership.

Curve's longevity has been ensured by the explosion in DeFi trading, with AMMs turning out huge amounts of liquidity as well as associated user profits.

Curve serves as a platform for anyone involved with DeFi activities like liquidity mining and yield farming, as well those who want to maximize returns while minimizing risk by holding stablecoins that are notionally non-volatile.

The platform earns money by charging a small fee that is paid to liquidity providers.

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