Curve DAO Token

Key Technical Advantages:

Time-weighted voting: Curve DAO replaces the standard 1 token = 1 vote mechanism with a voting weight proportional to locktime. Tokens can be locked in a VotingEscrow for a selectable locktime (up to 4 years). Voting weight is both amount- and time-weighted, with the time counting how long tokens cannot be moved in the future. Inflation schedule and ERC20CRV: Curve DAO's token, CRV, is an ERC20 token with a piecewise linear inflation schedule, dropping by 2^(1/4) every year. The initial supply is 1.273 billion tokens, which is 42% of the eventual supply. Inflation is distributed to users of Curve based on measurements taken by gauges. System of Gauges: Gauges are used to measure the usage of Curve, such as the LiquidityGauge, which measures the liquidity provided by a user. Users deposit their LP tokens into the gauge and receive rewards in the form of CRV tokens. Rewards can be boosted up to a factor of 2.5 if the user vote-locks tokens for Curve governance in VotingEscrow. GaugeController: This contract maintains a list of Gauges and their types, along with the weights of each gauge and type. It allows users to allocate their vote-locked tokens towards a specific Gauge (pool), which will receive a fraction of CRV tokens minted proportional to the vote-locked tokens allocated to it. Weight voting for gauges: Users can change their weight vote for a specific gauge, and the change is applied in the beginning of the next whole week. Weight votes for the same gauge can be changed not more often than once in 10 days. The GaugeController is controlled by the DAO to ensure no centralized admin can unilaterally change type weights. Content summarized by AI chatbot

Source:

https://docs.curve.fi/