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Curve Finance founder proposes to establish Yield Basis protocol
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Jinse Finance reported that Curve Finance founder Michael Egorov proposed a new initiative on September 17, planning to establish the Yield Basis protocol and issue $60 million worth of crvUSD stablecoins to support the operation of three Bitcoin trading pools. The protocol will allocate 35%-65% of the revenue to veCRV holders and reserve 25% of Yield Basis tokens for the Curve ecosystem. Voting on the proposal will continue until September 24.
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