A new fork of Curve Finance (CRV), called Swerve, is due to launch soon, according to a tweet posted on September 4. The developers behind the fork state that it will employ a more fair distribution model for its native token, SWRV.
- All of the 33 million SWRV tokens will be distributed to liquidity providers over a 6 year period
- The first 2 weeks will see 9 million SWRV distributed
- The goal of Swerve has been described as wanting “to build a community that survives after the incentives dry up”
- Swerve will launch with a single pool, the Y pool; the DAO community members can vote in additional pools later
- Differences from Curve include the removal of the whitelist for smart wallets on the voting contract
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