Based on the current CRV Supply Schedule (CRV Supply Schedule.xlsx - Google Sheets), we are nearing the end of the three-year CRV allocation period. By August, the CRV allocation will be distributed as follows:
|Date||Community (57%)||Early Users (5%)||Core Team (26%)||Investors (4%)||Employees (3%)||Reserve (5%)|
Between 2022 and 2023, the community incentive emissions (194,323,750 CRV) will be less than the core team’s vesting (200,240,288 CRV). Consequently, the core team will receive a larger allocation than the community in the final year of vesting (2023-2024). This proposal aims to increase the core team’s vesting time to ensure a consistent incentive alignment with the community.
In line with the decreasing community emissions each year (approximately 0.84X of the previous year), we propose adjusting the core team’s allocation to one-fourth of the previous epoch’s allocation. Each epoch spans three years, and the core team will consistently receive three-quarters of the remaining allocation. This adjustment promotes a consistent and equitable distribution of incentives between the core team and the community.
Extending the core team’s vesting time through this proposal will ensure that the community receives a larger emission allocation than the core team each year. This adjustment fosters a sense of fairness and collaboration between the core team and the wider community while providing the core team with long-term incentives.
The detailed emission data is outlined in the following table:
|Date||Community (57%)||Core Team (26%)|
For: This proposal primarily adjusts the core team’s vesting structure, benefiting the entire Curve.fi ecosystem. By ensuring a fair distribution of CRV and maintaining consistent incentives for the core team, this change enhances collaboration and alignment between the core team and the community. It promotes a more equitable distribution of incentives, supporting the long-term sustainability and growth of Curve.fi. We anticipate that the core team will be supportive of this proposal, as it strengthens the ecosystem as a whole.
Against: Considering that the core team has already received a significant portion of the total CRV allocation, this proposed change is not expected to have a significant impact on their existing holdings. The adjustment primarily focuses on maintaining a balanced incentive structure and ensuring a fair distribution to benefit the wider community.