The Curve community is showing early support for a proposal to divert 10% of the fees generated by its crvUSD stablecoin to holders that “stake” their tokens.
The vote began on Nov. 3 and has received 9 million worth of vote escrowed CRV (veCRV) or 92% of votes in favor so far, while nearly 8% of votes have been cast against.
However, the current number of votes cast so far equates to just 4% of the required quorum threshold for the proposal to go through. Voting will end on Nov. 9.
To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io