Curve Finance launched a dividend program on September 19 for holders of governance token CRV, the result of which is that fees are now distributed between liquidity providers and token holders.

• The dividend program is a result of community-lead proposal that focused on fairer distribution of rewards
• CRV holders can stake their tokens in a contract, which produces veCRV2; these tokens will receive half of all fees on the platform
• The program comes at a time when Ethereum’s gas fees are hitting all-time high levels of roughly $8 per transaction
• Michael Egorov, Curve Finance founder, told CoinDesk that it would be moving towards a cash flow-based protocol “because the numbers are too sweet to not do it”
• Curve Finance currently has the third largest value locked in the DeFi space according to DeFiPulse, with $1.26 billion

Related Reading:

• Curve joins Global DeFi Alliance