Founder Michael Egorov of Curve Finance revealed a proposal to the Curve Dao Governance Forum that would give the token holders of the decentralized Exchange a more direct way to earn income.
The aim of the protocol, referred to as a return basis, aims to distribute sustainable returns to CRV holders who use tokens to participate in administrative votes and to receive VECRV -Tokens in exchange. The plan goes beyond an airdrops that have defined the token economy of the platform so far.
According to the proposal, $ 60 million Curve’s CRVUSD Stablecoin will be beaten before the revenue basis starts. Funds of the sale of the tokens will support three bitcoin-oriented pools; WBTC, CBBTC and TBTC, each closed to $ 10 million.
The revenue basis will be returned between 35% and 65% of its value for VECRV holders, while 25% of the revenue basestocks for the curve eco system are reserved. Voting for the proposal runs from September 17 to September 24.
The protocol is designed to attract institutional and professional traders by offering transparent, sustainable bitcoin yields and at the same time avoiding perishable loss problems that are common in automated market makers.
Diagram that shows how a composite leverage can remove the risk of perishable loss (CRV)
Iniquity loss occurs when the value of assets that is locked in a liquidity pool changes compared to keeping the assets directly, so that liquidity providers with less profit (or larger losses) are left behind as soon as they withdraw.
The new protocol comes against a background of financial turbulence for Egorov itself. In 2024, the founder of the curve suffered various high-profile liquidations that is stuck with the use of CRV purchases.
In June, more than $ 140 million were liquidated in CRV positions after Egorov led heavily against the sign to support the price. That episode left the curve with $ 10 million in bad debts.
Recently, in December, Egorov was liquidated for 918,830 CRV (about $ 882,000) after the token fell 12% in one day. He later said on X that the position was linked to funds of the UWU hack and represented the reimbursement of a promise of the founder of UWU.
CRV has risen around 1%in the last 24 hours.
