A proposal to pre-mint 60 million CRVUSD for the new revenue base from Bootstrap Curve, leads to a debate on the Governance Forum and Social Media, whereby deeper questions about the DAO authority, the risk management and how the stabile footprint of the protocol can be safely scaled.
Revenue base, led by Curve founder Michael Egorov, is a new curve-native AMM that uses constant leverage to eliminate the perishable loss in Bitcoin-Pools. To launch the first three Pools – WBTC, CBBTC and TBTC – the revenue basis asks for a 60 million CRVUSD allocation, which it would say to be borrowed and linked to BTC to create LP positions on curve without selling the Stablecoin in the market.
CRVUSD currently has a market capitalization of approximately $ 127 million and places it around the 25th largest Stablecoin. Under the decentralized Stablecoins, however, it is the third largest behind USDS/DAI and GHO.
Proponents claim that the revenue basis design dissolves an important bottleneck for scaling CRVUSD: Absorption on the demand side.
“In a sense, the pre -mint is only a borrowed limit,” wrote community member Llamaste, because CRVUSD is accompanied by BTC in Curve Pools instead of sold. Other backers compare the mechanism with the existing Pegkeepers of Curve, who also hold in advance allocated CRVUSD that does not count for circulating delivery.
But some are skeptical.
Token Brice, a builder of the Defi-Transparency Tool Defiscan, called it “a proposal that suggests from the air, non-backed, 60m CRVUSD, and added that this kind of” upgradability risk “has contributed to Curve’s” Stage 0 “Defassion rating. Curve’s authorizations, including the possibility of randomly allocating CRVUSD or to assign control of important contracts.
Curve contributor Saint Rat, who helped with the Defiscan profile of the draw curve, defended the structure of the DAO but acknowledged the optics.
“The curve Dao could choose to mint $ 1 trillion crvusd … but that would kill the Dao,” they wrote. Yet perception is important.
One way to limit the risk: structure the demand more explicitly as a credit line. Several administrative commensors, including Benoxmo, KryPthye and Saint Rat, have called for a covered, on-demand facility that only pauses CRVUSD when needed, with explicit limits per pool and a kill switch controlled by Dao Governance.
Risk reduction remains a core care. The exploit of June 2025 supplies, which led to nearly $ 10 million in losses as a result of a “donation attack” on a CRVUSD-Adjacent safe, was cited by various participants.
‘[Resupply] Was checked, but a vulnerability was missed, “warned Saint Rat and asked which backstops would exist if the revenue base is exploited while an active CRVUSD balance is kept.
In response, the contribution of the yblama revenue basis said that the system has undergone six audits and is currently performing a Sherlock match. They repeated that CRVUSD is only beaten when BTC is dropped off and that caps would be enforced at the launch.