Curve Finance Introduces Yield Basis for CRV Token Holders
Curve Finance is unveiling a new revenue-sharing protocol called Yield Basis. This plan aims to give CRV holders steady earnings, moving away from occasional bonuses.
The idea is simple. Curve Finance wants to create a long-term income stream for those who hold CRV tokens. Instead of relying on one-time rewards, Yield Basis offers ongoing profits.
To kick off the programme, Curve plans to issue $60M in its stablecoin, crvUSD. This money will fund three Bitcoin liquidity pools: WBTC, cbBTC, and tBTC. each pool gets up to $10 million.
Here are the key points:
- 25% of Yield Basis tokens go to support the Curve ecosystem.
- Between 35% and 65% of the revenue will be shared with veCRV stakers.
Voting for the Yield Basis proposal is open until September 24th. Supporters believe it could solve past issues with liquidity and governance.
For Curve Finance, Yield Basis signal a fresh start. It might transform CRV from a purely governance-driven token into a enduring earning opportunity. Earnings come from Bitcoin-focused liquidity pools, perhaps attracting institutions and experienced traders.
The impact on Curve Finance could be significant. The project faced liquidity and governance challenges early on.however, Curve remains a leading stablecoin liquidity hub in decentralized finance.
If Yield Basis passes, it could make CRV tokens more appealing as income-generating assets.This change could reduce reliance on inflationary rewards and boost CurveS standing as DeFi evolves.
