Curve Launches New Agreement: Vessel Price Change to Increase CRV and veCRV Costs

2020-8-25 16:34
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According to the press release, Curve announced CIP # 4, a new concept that aims to increase the cost of CRV and veCRV by changing the cost structure of each Curve pool. Specific: 1. Increase the conversion rate from 0.04% to 0.06%. 2. Convert 100% of the conversion rate to veCRV (create a 100% check rate). Lake migration is required to implement this app as there is currently a hard limit of 50% management fee to cost. The community can determine the best migration site, but here are the group's recommendations: 1. First reset all pools, remove the hard-coded administrator load cap, and set a new value. Measure each pool 3. The high returns allow a natural transfer of liquidity to new pools.

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2020-8-25 16:33