Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Curve DAO votes on 10% crvUSD fee allocation proposal

Curve DAO votes on 10% crvUSD fee allocation proposal

GrafaGrafa2024/11/05 14:00
By:Liezl Gambe

Curve DAO (CRYPTO:CRV) members are voting on a new proposal to allocate 10% of crvUSD loan fees toward crvUSD savings, aiming to strengthen the stablecoin’s ecosystem.

Curve founder Michael Egorov explained that this proposal, now in its confirmation phase, is designed to support crvUSD’s growth, which currently has a market value of $60 million.

The proposal has gained majority support, with the vote set to conclude on Friday.

According to Egorov, the initiative would lower borrowing costs for crvUSD, increase its supply, and potentially enhance revenue for governance members in the long term.

However, realising such benefits immediately might be challenging.

So far, eight voting addresses representing around 10 million tokens, or roughly 30% of Curve’s voting power, have participated.

Community responses have been mixed.

A supporter with the handle Crv.Mktcap raised concerns that the proposal may negatively affect Curve’s governance token (CRV) and locked token holders in the short term.

They noted that if the proposal is implemented, “andCRV investors will have to forgo some of their income to finance the savings rate.”

Yet, advocates argue that expanding the stablecoin supply would ultimately bring more revenue to andCRV investors over time.

Curve, a decentralised exchange focused on stablecoin swaps, currently holds $1.7 billion in total locked value, ranking as the 15th largest DeFi protocol according to DefiLlama.

At the time of reporting, the Curve DAO Token (CRV) price was $0.2268.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04