What is Curve DAO Token (CRV)?
Curve DAO Token (CRV) is a decentralized autonomous organization (DAO) and governance token for the Curve Finance protocol.
It is an Ethereum-based token that enables holders to participate in the governance of the Curve protocol, as well as to earn rewards from fees generated by the protocol. The Curve protocol is a decentralized exchange (DEX) that allows users to trade between different stablecoins, such as USDC, DAI, and USDT. The Curve DAO Token was launched in August 2020 and has since become one of the most popular DeFi tokens on Ethereum.
The CRV token is used to govern the Curve protocol and incentivize liquidity providers on the platform. Holders of CRV can vote on proposals that affect how the protocol operates, such as setting fees or adding new features. They can also earn rewards from fees generated by trades on the platform.
The total supply of CRV tokens is fixed at 1 billion tokens, with 80% of them distributed through an initial liquidity mining program. The remaining 20% are held by the project’s founders and team members, with 10% allocated for future development and 10% allocated for marketing and community building activities.
