MarketCap $1.18T +0.82%
24H Volume $51.16B -12.87%
There are three main functions of $CRV, namely Staking, Voting, and Boosting.
Users stake $CRV will get veCRC as a representation, and receive 50% of transaction fees.
Users can further lock veCRV to participate in DAO governance, and the voting power is related to users' locking amount and locking period. If the user is a $CRV staker and a liquidity provider at the same time, he/she can earn a boost of up to 2.5x on the liquidity.
The total issuance of CRV is 3.03 billion, of which 62% will be allocated to LP through liquidity mining. Currently, the daily CRV distribution to LPs is approximately 753,262.53 $CRV. The release schedule of $CRV is shown below.