Curve Finance Transitions Fee Distribution to crvUSD Stablecoin, Enhancing Utility and User Incentives

Curve Finance has revised its fee distribution mechanism, transitioning from the 3crv token to its native stablecoin, crvUSD, to enhance the stablecoin’s utility within the Curve Finance ecosystem and incentivize users. According to a press release shared with Cointelegraph, switching the fee distribution to crvUSD will create “an additional supply sink for the stablecoin,” primarily due to uncollected fees contributing to this “supply sink” and potentially boosting the total value locked (TVL) in the ecosystem. Michael Egorov, founder of Curve Finance, discussed the switch’s impact on users with Cointelegraph: “The transition to crvUSD means that users will now obtain fees