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Curve Finance: Because Who Needs More CRV Tokens Anyway

Crypto NewsDeFiEthereum 2 Barry Thompson August 16, 2024

An illustration of a downward curve with decreasing tokens falling off it and disappearing into thin air. A few remaining tokens are stuck in place on top, while others float away as crvUSD coins rise up from below to catch them. The background is filled with small locked veCRV symbols that seem to be holding the platform together. In the distance a DAO building stands tall amidst greenery and vines indicating growth and sustainability. A faint image of Michael Egorov can be seen walking away in the far left corner, looking back at the scene with a smile on his face.

So here we have another “exciting” update from cryptocurrency land. The people behind Curve Finance are celebrating because they’ve managed to reduce their token emissions for five whole years! I mean, that’s something to be proud of, right? They’re basically saying, “Hey, look at us! We can make fewer tokens than before!” What a thrill-ride

Source: cointelegraph

Curve Finance reduces CRV emissions, boosting DAO sustainability
https://cointelegraph.com/news/curve-finance-reduces-crv-emissions-boosting-dao-sustainability
Curve Finance, a decentralized exchange (DEX) and automated market maker (AMM) platform, has announced the annual reduction of its native CRV token emissions.  According to a press release shared with Cointelegraph, the event marks the fifth consecutive year of emissions reductions “since the token’s launch in 2020.” The annual reduction has dropped the total CRV supply to 2.09 billion, with “approximately 930 million” perpetually locked on the platform as vote-escrowed […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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