The other main function of the CRV Coin is to provide liquidity through locking stable coins for a period of time. Investors who lock up stable coins on CRV for a period of time earn protocol fees and governance votes as a reward.
What is Crv token?
CRV Token or Curve crypto is a decentralised finance (DeFi) ecosystem that was launched back in January 2020 over the ERC network. In just one year, Curve has become a major player in the DeFi crypto space.
What is Crv (CRV)?
Launched in August 2020, the CRV token is designed to incentivize liquidity providers on Curve Finance and encourage governance participation in the community. Five percent of an initial supply of 1.3 billion CRV was distributed to liquidity providers before the token’s launch, with a one-year vesting.
How does curve's stablecoin CRV work?
“Simply put, Curve’s stablecoin AMM [automated market maker] rewards its liquidity providers with CRV, which can be 1) sold to realize yield or 2) staked into veCRV (voting escrowed CRV), where a weekly vote decides how rewards are allocated across Curve’s pools,” they wrote.
