Curve DAO Token (CRV)
Learn about Curve DAO Token — the governance and utility token powering the Curve Finance ecosystem.
What Is Curve DAO Token?
The Curve DAO token (CRV) is the native ERC‑20 token of the Curve Finance protocol, a decentralized exchange optimized for stablecoins. CRV serves as the governance token of the protocol; holders can submit proposals and vote on parameters such as fee structures and pool listings【447744366139131†L252-L268】. The token is also used to reward liquidity providers and participants in the network【312783660575808†L172-L200】.
Tokenomics & Distribution
CRV’s supply is distributed to align long‑term incentives of the community. Most tokens (62%) are allocated to liquidity providers; the team and founders receive about 30% vested over several years; 3% goes to early investors and employees, and 5% is reserved for community initiatives【447744366139131†L281-L289】.
Governance & Voting
CRV holders can lock their tokens to obtain veCRV, which grants voting power and a share of trading fees. The longer the lock period (up to four years), the more voting weight a holder receives【948890506686921†L220-L244】. Through on‑chain voting, the community decides on protocol upgrades, pool additions, and incentive allocations, embodying the DAO’s community‑driven ethos【948890506686921†L220-L244】.
Rewards & Staking
Liquidity providers earn CRV as rewards. By locking CRV into voting escrow (veCRV), users can boost their rewards and receive a portion of trading fees【948890506686921†L335-L352】. The boost mechanism encourages long‑term participation and aligns incentives between liquidity providers and governance participants【948890506686921†L356-L370】.
Frequently Asked Questions
Curve is optimized for swapping stablecoins and other like‑kind assets, offering extremely low slippage and fees. Its automated market maker design minimizes impermanent loss compared with other DEXs, making it attractive for large, stable liquidity.
You can deposit assets into Curve liquidity pools. In return, you earn trading fees and CRV tokens as incentives. Locking your CRV further boosts rewards through the veCRV mechanism.
veCRV (vote‑escrowed CRV) is obtained by locking CRV tokens for a set period. veCRV holders receive proportional voting power and can earn additional trading fees and rewards based on the amount and duration of locked CRV【948890506686921†L220-L244】.
Yes. Governance decisions are made by CRV holders through proposals and on‑chain voting. There is no central team controlling the protocol; instead, community members collectively shape its future【948890506686921†L220-L244】.
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