11/27/2020, 9:39 PM (Source: TeleTrader)
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Curve disbands $3M fees to platform governance tokens

Curve, a payment card that aggregates multiple payment cards through its accompanying mobile app, allowing a user to make payments and withdrawals from a single card said on Friday it decided to distribute "approximately $3 million in accrued fees to the platform’s governance token holders, following a community vote."

Curve CEO Michael Egorov told CoinDesk that "the vote for this splitting already took place in the past, and the current vote activates the code to trustlessly distribute the fees now and in the future to veCRV token holders."

Egorov added: "While we’ve been writing and testing the code, the number of fees accrued over 69 days, waiting for distribution, appeared to be $3 million."

Breaking the News / TF