Curve Finance Votes on Game-Changing Proposal to Share Revenue Directly with CRV Holders

DeFi giant Curve Finance puts revolutionary revenue-sharing model to community vote—could reshape token holder economics forever.

Direct Value Transfer

No more middlemen, no complex reward mechanisms. The proposal cuts straight to the chase—protocol revenue flows directly to CRV stakers. It's the kind of straightforward value distribution that makes traditional finance's fee structures look downright archaic.

Tokenholder Empowerment

CRV holders would see real-time benefits from platform activity, creating stronger alignment between protocol success and investor returns. Finally, token utility that extends beyond speculative trading and governance votes that actually matter.

Market Implications

This could set a new industry standard—forcing other DeFi protocols to step up their token value propositions or risk getting left behind. Because let's be honest, most revenue-sharing models in crypto have been about as effective as a hedge fund's ESG policy—great for marketing, questionable for actual returns.

The vote could mark a turning point where DeFi protocols stop pretending to be innovative and actually start delivering tangible value to their communities.

A new model for CRV rewards

Yield Basis is designed to distribute transparent and consistent returns to CRV holders who lock their tokens for veCRV governance rights. Unlike past incentive programs, which relied heavily on airdrops and emissions, the protocol channels income from Bitcoin-focused liquidity pools directly back to token holders.

To start, Curve would mint $60 million worth of crvUSD, its over-collateralized stablecoin, with proceeds allocated across three pools — WBTC, cbBTC, and tBTC — each capped at $10 million. 25% of Yield Basis tokens would be reserved for the Curve ecosystem, and between 35% and 65% of Yield Basis’s revenue would be given to veCRV holders.

By emphasizing Bitcoin (BTC) liquidity and offering yields without the short-term loss risks associated with automated market makers, the protocol hopes to draw in professional traders and institutions.

Context and potential impact on Curve Finance

The proposal comes as Curve continues to modify its tokenomics in light of the difficulties its founder is facing. Egorov was compelled to liquidate several highly Leveraged CRV holdings in 2024, which cost the protocol $10 million in bad debt and over $140 million in losses.

More recently, in December, he was liquidated for nearly $900,000 worth of CRV following a sharp market downturn. Despite these setbacks, Curve remains one of decentralized finance’s largest stablecoin liquidity hubs.

If Yield Basis passes, CRV could evolve from a governance and emissions-driven token into a more attractive income-generating asset. The model, according to its proponents, could lessen Curve’s dependency on inflationary rewards while strengthening its position as DeFi develops.