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TechFlow news, September 17 — According to CoinDesk, Curve Finance founder Michael Egorov submitted a new proposal on September 17 to establish the Yield Basis protocol, planning to issue $60 million in crvUSD stablecoin to support the operations of three Bitcoin liquidity pools. The protocol will allocate 35%-65% of earnings to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. The proposal voting will last until September 24.
According to CoinDesk, Curve Finance founder Michael Egorov proposed a new initiative on September 17 to establish the Yield Basis protocol, planning to issue $60 million in crvUSD stablecoins to support the operations of three Bitcoin liquidity pools. The protocol will allocate 35%-65% of earnings to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. The proposal voting will continue until September 24.
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