News Formal

Curve Finance adopts crvUSD for fee distribution

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Curve Finance transitions from 3crv to crvUSD for fee distribution, enhancing the stablecoin’s utility and integration within its ecosystem. This change aims to incentivize user engagement and simplify fee usage.

According to a press release shared with Cointelegraph, the switch in fee distribution to crvUSD will create “an additional supply sink for the stablecoin.”

Michael Egorov, the founder of Curve Finance, spoke with Cointelegraph about how the switch would impact Curve Finance users: On community incentives through the transition, Egorov told Cointelegraph that Curve users could deposit crvUSD into the ecosystem using fees earned. Speaking with Egorov about the risks, he told Cointelegraph that there are a “few potential risks to bring up with this transition,” which included operational risks and asset age.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 562. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

DeFi Token CRV Tanks 30% as Curve Finance Founder Gets LiquidatedCrypto Blog
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »