Curve is a decentralized automated market maker (AMM) protocol that focuses on trading between stablecoins. It provides users with low-cost exchange and high liquidity between stablecoins by using low-slippage algorithms and efficient trading between assets. Curve provides users with low-cost exchange by trading different stablecoins (such as USDT, USDC, DAI, etc.) with other stablecoins of similar value. Curve uses an adaptive market maker algorithm that makes trading prices relatively stable and provides highly liquid trading pairs.
Curve was founded in 2020 by Michael Egorov, a software engineer who previously worked at Google and Facebook. In March 2022, the total lock-in value (TVL) of the Curve ecosystem exceeded $20 billion, making it one of the most popular protocols in the DeFi space.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Curve DAO Token (CRV) and review the project details below.
What is the allocation for Curve DAO Token (CRV)?
The total supply of 3.03b is distributed as such:
- 62% to Community liquidity providers
- 30% to Shareholders (team and investors) with 2-4 years vesting
- 3% to Employees with 2 years vesting
- 5% to Community reserve
The initial supply of around 1.3b (~43%) is distributed as such:
- 5% to Pre-CRV liquidity providers with 1 year vesting
- 30% to Shareholders (team and investors) with 2-4 years vesting
- 3% to Employees with 2 years vesting
- 5% to Community reserve
What is the supply schedule for CRV?
In the first year, approximately 2 million CRV tokens were distributed daily. This rate decreases linearly every year until it reaches 1 million CRV per day in the fourth year. After the fourth year, the emission rate will remain constant at 1 million CRV per day. If you want to know the real-time issuance quantity of CRV, you can refer to https://dao.curve.fi/releaseschedule
Curve is a decentralized automated market maker (AMM) protocol that focuses on trading between stablecoins. It provides users with low-cost exchange and high liquidity between stablecoins by using low-slippage algorithms and efficient trading between assets. Curve provides users with low-cost exchange by trading different stablecoins (such as USDT, USDC, DAI, etc.) with other stablecoins of similar value. Curve uses an adaptive market maker algorithm that makes trading prices relatively stable and provides highly liquid trading pairs.
Curve was founded in 2020 by Michael Egorov, a software engineer who previously worked at Google and Facebook. In March 2022, the total lock-in value (TVL) of the Curve ecosystem exceeded $20 billion, making it one of the most popular protocols in the DeFi space.
Above are only for introduction, not intended as investment advice.