Curve concentrates your liquidity in a bell-shape around the current market price. Bins near the current price get the most capital; bins at the edges of your range get less.
From the live in-app description: "Curve is ideal for a concentrated approach that aims to maximise capital efficiency. This is great for stables or pairs where the price does not change very often."
When to use Curve
You're providing liquidity to a stable pair (e.g., USDCx/USDh, USDA/aeUSDC, aeUSDC/USDCx)
You're providing liquidity to a pair where price stays in a narrow band most of the time
You're willing to monitor your position and rebalance if price drifts out of range
You want higher yield per unit of capital
Trade-offs
Higher capital efficiency in the active bins than Spot — your capital is concentrated where trades happen.
Less forgiving of large price moves — if price jumps to the edge of your range, most of your liquidity becomes inactive quickly.
Best for low-volatility pairs. Stable-to-stable pools and pegged-asset pools are natural fits.
If you're a first-time LP or unsure how active you want to be, start with Spot and graduate to Curve once you've watched a position run its course.
See also: Spot Strategy · Bid Ask Strategy · How to Open a Position (HODLMM)