Decentralized finance (DeFi) altcoins outperformed the overall crypto market this week, surging 30% amid lower inflation rates.
DeFi protocol Curve Finance (CRV) announced in a new blog post that it is experiencing one of the largest emissions reductions in history as it approaches its fourth anniversary, with all emissions except those from the protocol community ending.
According to Curve, the halving, which halves the protocol’s mining rewards, is modeled similarly to Bitcoin’s (BTC) halving, but at a different speed.
“Curve has seen some reductions in emissions over the first three years, but this reduction is more significant than most, going from around 20% to 6%.
The 4th birthday marked the end of all emissions except for ‘community’ emissions, which represent CRV tokens streamed from the Curve pool to other targets via a gauge.
The ‘community’ emissions schedule will continue for centuries at a decreasing rate modeled after Bitcoin halvings, but will occur more continuously (annually at a rate that matches the halving every four years).”
Curve points out that not only did emissions outside the community end, but the community itself also reduced its own emissions, resulting in an overall reduction.
Earlier this week, Coinbase, the largest cryptocurrency exchange in the United States, announced that it would be adding support for CRV, as well as yearn.finance (YFI) and Synthetix (SYN).
CRV is trading at $0.323 at the time of writing, up 5.5% in the last 24 hours. On August 11, it was trading at $0.245.
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