Curve Finance founder Michael Egorov revealed a proposal for Curve Dao Governance Forum that would give the decentralized exchange token holders a more direct way of earning income.
The protocol, called dividend base, aims to distribute sustainable returns to CRV holders who make tokens to participate in management votes, receive Vecrv -tokens in return. The plan is moving beyond the occasional airdrops that have so far defined the platform’s token economy.
Under the proposal, $ 60 million of Curves CRVUSD -StableCoin will be embossed before yield base starts. Funds from selling tokens will support three Bitcoin-focused pools; WBTC, CBBTC and TBTC, each charged $ 10 million.
Yield base will return between 35% and 65% of its value for Vecrv holders, while reserving 25% of the yield base -tokens for the ecosystem of the curve. The voting on the proposal runs from September 17 to September 24.
The protocol is designed to attract institutional and professional dealers by offering transparent, sustainable Bitcoin yields while avoiding the impermanent loss issues that are common in automated market manufacturers.
Impermanent -tab arises when the value of assets locked in a liquidity pool change compared to keeping the assets directly and leaving liquidity providers with fewer gains (or major losses) When they withdrew.
The new protocol comes on the basis of economic turbulence for Egorov himself. The Curve founder has slightly more high-profile liquidations in 2024 tied to geared CRV purchases.
In June, more than $ 140 million was worth the CRV positions liquidated after Egorov borrowed heavily against the token to support its price. That episode left the curve with $ 10 million in poor debt.
Most recently, in December, Egorov was liquidated to 918,830 CRV (about $ 882,000) After the token fell 12% in a single day. Later, he said at X that the position was linked to funds from the UWU hack and represented the repayment of a promise from the Uwus founder.
CRV rose about 1% in the last 24 hours.
