CRV
CRV is the native token of the Curve ecosystem. It was launched in August 2020 on Ethereum and has a fixed maximum supply of approximately 3.03 billion tokens. CRV is mainly used for:
- Rewarding users who provide liquidity in liquidity pools and lending markets
- Participating in Curve governance, earning a share of Curve's revenue, and boosting LP rewards by locking CRV into vote-escrowed CRV (veCRV). See the veCRV page for more information
CRV tokens are constantly and slowly put into circulation following an emission schedule and are distributed to Liquidity Providers (LPs). The issuance rate decreases over time, reducing by 16% each August (see the stats section below for this year's exact date). A portion of the initial supply (1.3B) was distributed with vesting schedules that have now finished as of August 2024. The majority of the remaining 1.7B CRV is emitted to liquidity providers gradually over the next approximately 200 years.
Current CRV Stats
Current CRV stats directly fetched from
EthereumTokenomics
The Community (Emissions) represents a dedicated supply that is emitted over time as rewards for liquidity providers depending on gauge weights. Allocations for the Core Team, Early Users, Community Reserve, Investors, and Employees have all fully unlocked.
Emission Schedule
The chart below shows the cumulative release of CRV tokens over time, including vesting schedules for different allocation categories.
The chart shows the cumulative release of CRV tokens over time. Community emissions decrease by 16% each August, while all vesting schedules have completed as of August 2024. The majority of remaining CRV will be emitted to liquidity providers over the next ~200 years.
FAQ
What is veCRV?
veCRV stands for vote-escrowed CRV (locked CRV). You can get veCRV by locking your CRV tokens for a specified period, ranging from 1 week to 4 years. The longer you lock, the more veCRV you receive. See the veCRV page for the benefits of locking CRV for veCRV, and how locking works.
How is CRV Distributed?
Each week veCRV holders vote for which pools and lending markets they want the weekly minted CRV to be distributed to. The CRV is split based on how many votes each pool/lending market receives. This is called Gauge voting. See the page for more information.
Are there any upcoming team, investor, or insider unlocks?
No, all unlocks have already occurred. The final unlock (team vesting) finished in August 2024. All remaining CRV tokens will be rewarded to LPs over the next approximately 200 years.
What is the current inflation rate of CRV?
The current inflation rate of CRV is 4.96%.