BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Curve DAO Whales Want Ethereum Pools to Receive More CRV Rewards

by Darius Ngetich
Jan 23, 2023 - 12:00 am
in Blockchain
Curve DAO Whales Wants Ethereum Pools to Receive More CRV Rewards

As of recent news from Curve Finance, Curve DAO whales, there was a desire from whales for additional gauges on Ethereum after observing how successfully v2 pools operate with various coins when there is sufficient liquidity. Curve DAO is starting that batch with MATIC/ETH and will add one every few weeks. As of the poll used to reach this conclusion, there was 100% voter support for this new development.

After seeing how well v2 pools work with different tokens given enough liquidity, there was a request from whales for more gauges on Ethereum. Adding one per several weeks, we start that batch with MATIC/ETH – up for a vote now!https://t.co/LAnrvFSNJh

— Curve Finance (@CurveFinance) January 22, 2023

A deeper look into the gauges

The first to look at is the liquidity indicator. The liquidity indicator counts the amount of money you have contributed to a Curve pool. one can stake their liquidity provider tokens on each Curve pool’s liquidity indicator.

A gauge’s weight and kind are also included. These weights indicate how much of the daily CRV inflation the liquidity gauge will receive. The Curve DAO may specify where the CRV inflation should go, thanks to the weight systems.

Curve DAO’s statement on how to increase one’s CRV Rewards.

To make this possible, one must have already given liquidity and be actively staking their LP tokens on the DAO gauge. Increasing one’s rewards for providing liquidity is one of the primary incentives for CRV. One may join the DAO and get a bonus of up to 2.5 times the liquidity they supply on Curve by acquiring voting power through vote-locking CRV.

calculating the necessary increase: Calculating how much CRV one will need to lock is the first step toward boosting one’s rewards. According to Curve Finance, since every gauge has a particular set of criteria, some pools are simpler to enhance than others. What others have locked and how much the liquidity gauge has varies.

Locking your CRV: Once one knows how much and how long they wish to lock for, Curve DAO advises keeping in mind that locking cannot be undone. Depending on how much and how long one votes, one will obtain a different amount of veCRV. According to Curve Finance, locks may be extended at any time, and CRV may be added. However, CRV cannot have multiple expiration dates.

One doesn’t need to take any more action if one notices their new boost after the Current boost. To update one increase if it has stayed the same, one must claim CRV from each gauge they’re supplying liquidity. 

CRV’s price could see a significant surge due to this development having also recently been accepted by Marshall’s Island laws.

Tags: DAOEthereum
Darius Ngetich

Darius Ngetich

Darius Ngetich is a blockchain, crypto, and gaming enthusiast. He is also an animator, VFX Artist, and Game Developer, specializing in computers with vast experience in programs like Blender, Unity, and Unreal Engine. My passions are creating games and informing others about the latest developments in crypto, blockchain, and gaming.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service