Curve Finance votes on proposal to share revenue directly with CRV holders

Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income.

Curve Finance founder Michael Egorov has introduced a proposal to give CRV token holders a more direct way to earn income. The system, called Yield Basis, aims to turn the governance token into a sustainable, yield-bearing asset. 

The proposal has been published on the Curve DAO (CRV) governance forum, with voting open until Sept. 24.

A new model for CRV rewards

Yield Basis will 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. The three pools — WBTC, cbBTC, and tBTC — are 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.

Potential impact on Curve Finance

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.

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 in DeFi.