Curve Finance founder releases Yield Basis proposal to allocate sustainable returns to CRV holders
Source: Odaily
Time: 2025-09-18 00:09:16
Odaily Planet Daily News Curve Finance founder Michael Egorov announced a proposal called Yield Basis at the Curve DAO governance forum to create three Bitcoin-centric funding pools designed to allocate sustainable returns to CRV holders, the protocol will distribute 35%-65% of the proceeds to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. In addition, holders can also 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)