Curve Finance founder proposes Yield Basis protocol to allocate sustainable returns to CRV holders
Source: Odaily
Time: 2025-09-17 23:59:09
Odaily Planet Daily News Curve Finance founder Michael Egorov unveiled a proposal at the Curve DAO governance forum that proposes a protocol called Yield Basis to create three Bitcoin-centric funding pools designed to allocate sustainable returns to CRV holders. Holders pledge tokens to participate in governance voting and obtain veCRV tokens. Under the proposal, Curve will mint a $60 million crvUSD stablecoin before Yield Basis launches, and the proceeds will be used to support three Bitcoin-focused pools: WBTC, cbBTC and tBTC, each with a cap of $10 million. (CoinDesk)