Express
Curve’s New Proposal Aims To Increase Value For CRV And veCRV
Summary: According to Curve’s official blog, a new proposal, CIP#4, is put up to increase value for CRV and veCRV by updating the fee structure across all curve pools. It shall be carried out as follows: 1) Increase the trading fee from 0.04% to 0.06%; 2) Direct 100% of trading fees to veCRV (set 100% admin ...
According to Curve’s official blog, a new proposal, CIP#4, is put up to increase value for CRV and veCRV by updating the fee structure across all curve pools. It shall be carried out as follows: 1) Increase the trading fee from 0.04% to 0.06%; 2) Direct 100% of trading fees to veCRV (set 100% admin fee).
The implementation of this proposal will require a pool migration since current fees have a hardcoded limit of 50% admin fee. The community can decide on the best migration strategy, but the recommendation would be to: 1) First relaunch every pool with the hardcoded admin fee limit removed and new fee parameters in place; 2) Redirect all CRV gauges to the new pools mirroring the gauge weights of each respective pool; 3) Allow for liquidity to naturally migrate to the new pools due to higher yield.
Tracy Chen
