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Curve Finance, one of the leading decentralized exchange (DEX) and automated market maker (AMM), has announced its fifth consecutive annual reduction in CRV token emissions. Since its creation in 2020, this year’s cutting means that annual emissions have been lowered from 274 million CRV tokens to about 162.7 million. 
The amount of CRV tokens in circulation has been reduced to 2.09 billion, with approximately 930 million tokens locked from the platform in a permanent manner as vote-locked veCRV. 
The latest figures reflect a substantial shift in the CRV token’s circulating supply. Currently, around 1.16 billion CRV tokens are in circulation, aligned with the end of all vesting periods on Curve’s platform. This alignment signifies a significant drop in annual token inflation, from 20% to about 6%.&nbsp; 
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 <a href="https://x.com/CurveFinance/status/1823122257973010688" target="_blank" rel="noreferrer noopener nofollow">Source&nbsp;</a>
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On June 28, Curve Finance implemented a new fee distribution mechanism, shifting from the 3cr token to the native Stablecoin, crvUSD. This change aims to enhance user incentives and integrate the Stablecoin more effectively into the platform’s ecosystem.&nbsp; 
This reduction, combined with the completion of vesting periods, is expected to stabilize the token’s inflation rate. The Curve decentralized autonomous organization (DAO) also achieved a milestone where its earnings, entirely allocated to veCRV, have surpassed CRV emissions for the first time, marking a step towards sustainability. 
Michael Egorov, founder of Curve Finance, emphasized that this transition allows users to receive fees in a dollar-denominated Stablecoin, significantly simplifying the process. 
The annual reduction in CRV token emissions, along with the new fee distribution mechanism, underscores Curve Finance’s commitment to long-term sustainability and user engagement. The alignment of emissions reduction with the end of vesting periods reflects a maturing ecosystem poised for further development and stability.&nbsp; 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/14/curve-finance-responds-to-10m-liquidation-event/" target="_blank" rel="noreferrer noopener">Curve Finance Responds to $10M Liquidation Event</a> 
</blockquote>

Curve Finance Reduces CRV Token Emissions for the Fifth Consecutive Year

The Crypto Times

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