CRV token address is: 0xD533a949740bb3306d119CC777fa900bA034cd52

Verify all the contracts you interact with: https://www.curve.fi/contracts

Launch date

CRV will be officially launching today 14th of August 2020.

What are the initial supply, circulating supply and total supply?

The total supply of 3.03b is distributed as such:

  • 62% to liquidity providers
  • 30% to shareholders (team and investors) with 2-4 years vesting
  • 3% to employees with 2 years vesting
  • 5% to the community reserve

The initial supply of around 1.3b (~43%) is distributed as such:

  • 5% to pre-CRV liquidity providers with 1 year vesting
  • 30% to shareholders (team and investors) with 2-4 years vesting
  • 3% to employees with 2 years vesting
  • 5% to the community reserve

The circulating supply will be 0 at launch and the initial release rate will be around 2m CRV per day.

The chart below shows the circulating supply at the end of year one should be around 750m CRV. The rate of inflation is there to help put the DAO's control in the hands of liquidity providers on the Curve Finance protocol.

The LPs, team and shareholders vesting happens every second.

Daily inflation will originally be around 766,000 CRV per day to be received in full by liquidity providers. This mechanism for a slow shift of voting power from the team and investors to liquidity providers.

What is CRV utility?

CRV is a governance token with time-weighted voting and value accrual mechanisms.

  • Governance with time-weighted voting
  • Value capture mechanism to promote certain pools
  • Locking mechanism to accrue rewards for long term liquidity providers
  • Fee burn (once enabled by governance further down the road)

If you wish to read early docs about the Curve DAO, please visit our Github docs at this address: https://github.com/curvefi/curve-dao-contracts/tree/master/doc

About the CRV DAO

More technical details can be found on the Curve DAO Github by clicking here.

You can find information about vote locking at this address:


FAQ

What are the DAO and token addresses?

The Curve DAO along with the CRV token has been deployed to the following addresses on mainnet:

0xD533a949740bb3306d119CC777fa900bA034cd52

https://www.curve.fi/contracts

How to claim CRV?

Click here to read the earn and claim guide.

What exchange can CRV be traded on?

Matcha will be the suggested dex to trade CRV on launch. Click here for a short guide.

Have CRV and the CRV DAO been audited?

Trail of bits, Quantstamp and mixBytes have all audited the contracts.

Will CRV be airdropped?

No. Liquidity providers will have to claim their CRV from Curve.fi.

Click here to read the earn and claim guide.

How do I know I have the right CRV when buying it on the open market?

The official token address will be available at release at this address: https://www.curve.fi/contracts

Are investors and team members subject to a vesting period?

Yes, investors and team members will have a 2 to 4 years vesting period depending on their terms.


If you have any other questions or need help, join our community:

Telegram https://t.me/curvefi

Twitter https://twitter.com/curvefinance

Discord https://discord.gg/rgrfS7W