DAO
Curve Finance Announces Annual Reduction of CRV Token Emissions
Wednesday. August 14 at 5:30 AM
1 min. readCurve Finance, a decentralized exchange (DEX) and automated market maker (AMM) platform, has revealed the yearly decrease in its native CRV token emissions. The reduction, marking the fifth consecutive year of emissions cuts since the token's inception in 2020, has lowered the total CRV supply to 2.09 billion. Approximately 930 million CRV tokens are permanently locked on the platform as vote-escrowed veCRV, leaving a circulating supply of around 1.16 billion. This reduction coincides with the end of all vesting periods on Curve's platform. Additionally, the Curve DAO earnings, allocated to veCRV, have surpassed CRV emissions for the first time, signaling a move towards sustainability. The platform recently switched its fee distribution mechanism to crvUSD, a native stablecoin, to enhance user incentives and integration within the ecosystem. Founder Michael Egorov highlighted the benefits of receiving fees in a dollar-denominated stablecoin, simplifying the process for users.