CU

Curve DAO

Team: Swiss Stake
Category
DeFi
Status
Archived
Difficulty
Funding
TBA
Rating
N/A
Tasks0
No ratings yet

Event Timeline

Curve launches

Jan 2020

Completed

Retroactive snapshot period

Jan to Aug 2020

Completed

CRV deployed by a community member

Aug 13, 2020

Completed

Team ratifies the deployment

Aug 13, 2020

Completed

Vesting completes

Aug 2021

Completed

About Curve DAO

Curve solved a narrow problem exceptionally well: swapping between assets meant to hold the same value, such as one stablecoin for another, with almost no slippage. That made it the settlement layer much of DeFi quietly depended on.

The CRV launch is one of the strangest in the sector. On 13 August 2020 an outside developer deployed the token contracts before the team intended to, and rather than start over, Curve verified the code and adopted the deployment as official.

Around 151M CRV went to addresses that had provided liquidity before the token existed, weighted by how long that liquidity had stayed. The allocation vested over a year rather than unlocking at once, which was unusual for the period.

Airdrop Stats

151M CRV Retroactive
Clock
1 Year Vesting
Weighted by Time Supplied

This airdrop has concluded. It is kept for research rather than participation.

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