Curve Finance founder proposes to establish Yield Basis protocol
Jinse Finance reported that Curve Finance founder Michael Egorov proposed a new initiative on September 17, planning to establish the Yield Basis protocol and issue $60 million worth of crvUSD stablecoins to support the operation of three Bitcoin trading pools. The protocol will allocate 35%-65% of the revenue to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. Voting on the proposal will continue until September 24.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aevo confirms that the old Ribbon DOV vaults were attacked and lost $2.7 million, and will compensate active users.
Brazil's largest private asset management company recommends investors allocate 1% to 3% of their portfolio to bitcoin
The Ethereum community has proposed the "linked account" identity standard ERC-8092
Trending news
MoreCrypto prices
More
