Curve DAO Token (Ethereum)

CRV

CRV is the governance and revenue-sharing token for the Curve protocol.

Risk Rating
Best
$0.63
2.94%
Summary
What we like
CRV innovated the vote escrow tokenomics to incentivize users to lock up their tokens to receive protocol rewards and voting power.
What we like less
Users must lock their tokens for up to four years in order to receive the maximum reward boost and voting benefits. Unlocking events can be highly volatile as protocols and users may choose to sell instead of relocking.
What it means for you
CRV provides you a great way to earn a portion of protocol fees generated from volatility of stable assets traded on the platform.
Information
Blockchain
  • Ethereum
Key Metrics
  • Market Cap: $713.8M
  • Fully Diluted Valluation: $1.3B
  • FDV / MC: 1.8
  • Ranking inside Exponential (excluding stables): #30
  • Circulating Supply: 1,135,737,941
  • Total Supply: 2,083,647,752
  • Total Supply: 3,303,030,299
  • Volume (24H): $164.8M
  • ATH: $15.37 (08/14/2020)
  • ATL: $0.33 (11/05/2020)
Risk Assessment
Best
Asset Strength

CRV is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Curve, a protocol rated as Good.

Asset Tokenomics

CRV has a fixed supply. CRV is highly coveted asset as holders can decide which pools in Curve receive incentives and thus direct liquidity for specific pools.

Asset Volatility

CRV is highly correlated to the overall market.

Dependencies

Curve

Things to know about CRV

What is CRV used for?

The CRV token is used to govern the protocol and give holders the ability to submit proposals and potential changes to the allocation of pool rewards. The amount of voting power a user has is determined by how many CRV tokens are staked and for how long. The longer CRV is staked (max of four years), the more voting rights are granted.

CRV tokenomics

The total supply of CRV is capped at 3.03B tokens. The initial supply consists of 1.3B tokens (approx. 43% of total supply) with 5% distributed pre-CRV liquidity providers (with daily vesting over one year), 30% to the Curve team and investors, 3% to employees (with two year vesting), and 5% to the community reserve. The supply schedule initially distributes around 2M new CRV tokens (approx. 0.067% of the total supply) each day. After the initial 1.3B is distributed, the remaining supply will be issued at a decreasing weight until the total supply of 3.03B is fully distributed.

How does CRV accrue value?

CRV has value accrual mechanisms through its power to promote certain pools on the platform and locking mechanism to accrue rewards for long-term liquidity providers (LPs). Voters determine the different allocations of CRV tokens to each pool. Users are also incentivized to lock their CRV tokens within the protocol in return for veCRV tokens. CRV lockers are entitled to fees generated by the protocol's liquidity pool, as well as is used to boost LP rewards.

CRV Pools
Convex CRV Fee Sharing
12.6%
Yield
$145M
TVL
Risk
B
Protocol
Convex
Chain
Ethereum
Convex cvxCRV-CRV Market Making
16.7%
Yield
$34M
TVL
Risk
A
Protocol
Convex
Chain
Ethereum
Yearn CRV Fee Sharing
31.9%
Yield
$25M
TVL
Risk
B
Protocol
Yearn
Chain
Ethereum
Convex TriCrv Market Making
30.6%
Yield
$15M
TVL
Risk
C
Protocol
Convex
Chain
Ethereum
Yearn TriCRV Market Making
56.6%
Yield
$164K
TVL
Risk
C
Protocol
Yearn
Chain
Ethereum