What is the issuance and circulation of CRV coins?

CRV, the governance token of Curve Finance, is distributed as rewards to liquidity providers and has a maximum supply of 3.3 billion, with a current circulating supply of approximately 1.56 billion as of February 2023.

Oct 28, 2024 at 03:57 pm

CRV Coin Issuance and Circulation

1. CRV Coin Overview

CRV is the governance token of the Curve Finance decentralized exchange (DEX). Curve Finance specializes in stablecoin and asset-backed token trading and provides lower fees and slippage than traditional DEXs.

2. CRV Issuance

CRV coins are not pre-mined.
CRV coins are distributed as rewards to Curve Finance liquidity providers.

3. CRV Circulation

The maximum supply of CRV coins is 3,303,030,299 CRV.
As of February 20, 2023, the circulating supply is approximately 1,561,048,810 CRV.

4. CRV Tokenomics

Governance: CRV holders can vote on proposals that affect the Curve Finance protocol.
Rewards: CRV holders can stake their coins to earn additional CRV rewards.
Trading: CRV coins can be traded on various cryptocurrency exchanges, including:
- OKX
- Binance
- Coinbase
- Uniswap

5. Factors Affecting CRV Circulation

Liquidity Provision: The number of liquidity providers on Curve Finance directly influences CRV emissions.
Protocol Usage: Higher trading volume on Curve Finance leads to increased rewards for liquidity providers, resulting in a greater number of CRV coins in circulation.
Staking: Staking CRV coins reduces the circulating supply, as these coins are locked up in the governance process.

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