Translation Agency: DAOSquare

Original link:https://defirate.com/curvedao-crv/

author:Cooper Turley

Translator: Li Yi

Translation Agency: DAOSquare

Curve, a leading liquidity provider, just released the first version of their governance token framework - CRV.

https://twitter.com/

Our readers may remember that when we covered CRV a month ago, many people laughed at the governance token. Since then, we’ve seen CRV appear in many places, such as Synthetix and Ren’s sBTC Curvepool reward mechanism. Today, CRV takes another step forward with the official release proposal of CRV - all of which are subject to change as community feedback evolves.

Here's what you should know.

CurveDAO

Supporting the Curve ecosystem is the DAO based on the Aragon framework. For those unfamiliar with Aragon, it is a highly modular protocol. It allows DAOs to customize the governance framework according to their needs. We have seen DeFi such as PieDAO utilize Aragon, Aragon Court, and the upcoming native Aragon to optimize the governance of the blockchain. It is very strategic to choose to cooperate with Aragon instead of starting from scratch.

CurveDAO will use time-weighted voting to give those who lock tokens more governance weight than those who participate for the first time. This weighting will likely be adjusted as the community sees fit, with a real effort to reduce the impact of the 1-token-1-vote model. This model greatly benefits those with deeper pockets.

CRV issue

The current proposal suggests that CRV will issue 1 billion CRV and will gradually expand to a maximum supply of 3.03 billion Curve. Inflation will peak in the first year and gradually rise over time, suggesting that early adopters will see the greatest benefit from protocol usage.

Just like Compound and Balancer, CRV will be earned by those who provide liquidity to the protocol. As mentioned earlier, this distribution model has retroactive effect, meaning that those who provide liquidity to the curve will receive distributions from the original distribution.

https://twitter.com/

fluidityfluidityIncentives to distribute rewards. We expect Curve to add a new feature specifically for this purpose in the near future.

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For those of you who haven't been following Curve, now is definitely the time to start. as a leadingStable Electronic Currencyand their newly implementedBitcoin liquidity pool, Curve is quickly becoming the best marketplace for exchanging top tokens with minimal slippage.

Additionally, withsUSD from SynthetixWith the introduction of a series of basic projects such as sBTC liquidity incentives, the value support of providing liquidity to earn retroactive CRV is twofold.

Note that the model presented today is still in the process of being developed and any of the things mentioned above are subject to change.

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