The Curve Finance decentralized autonomous organization (DAO) is voting on a proposal that could open up new income streams for the protocol and its ecosystem. The CRV price is flat on the daily, up just +0.1% in the past 24 hours.
The proposal, introduced last month by Curve Finance founder Michael Egorov, would establish a $60 million credit line of crvUSD for Yield Basis. Voting began on Wednesday, 17 September, with 97% of votes cast in support of the proposal at the time of writing.
Important update for FX pool implementations – please vote!
This lays important groundwork for making sure that Curve will be the basis of how main liquidity for the most important assets is createdhttps://t.co/XOAd2ttnjehttps://t.co/mG1wVpRpax pic.twitter.com/zC3JPbkvoF
— Curve Finance (@CurveFinance) September 9, 2025
DISCOVER: Latest Crypto News Today, September 19, 2025
Ongoing DAO Vote Could Shape the Long-Term Future For CRV Price
Under the Yield Basis, holders of CRV who stake their tokens would receive veCRV (vote-escrowed CRV) in return, essentially creating income for stakers. Yield Basis would return between 35% and 65% of its value to holders of veCRV, while an additional 25% would be reserved for the ecosystem.
Egorov said the credit line would be enough to create pools for three assets: WBTC
Bitcoin
3.10%
Bitcoin
BTC
Price
$61,507.62
3.10% /24h
Volume in 24h
$36.38B
Price 7d
, cbBTC (cbBTC), and tBTC (tBTC). “In order to get more incentives for Curve ecosystem as well as to pay a fee for having Curve technology (cryptopools) powering its core, Yield Basis makes an allocation equal to 25% of YB which Yield Basis liquidity providers are getting to Curve,” Egorov wrote in the proposal.
(SOURCE: DefiLlama)
The Yield Basis aims to address the issue of impermanent loss by borrowing while simultaneously creating a supply sink. As Egorov stated, “Therefore, TVL (Total Value Locked) and debt in Yield Basis can scale up to any size without negatively affecting the peg of crvUSD.”
Impermanent loss occurs when the value of digital assets deposited in a liquidity pool decreases more than it would have if those assets had been held outside the liquidity pool. This can happen due to factors such as liquidity pool rebalancing.
Curve Finance is a significant player in decentralized finance, with a Total Value Locked (TVL) of $2.4 billion as of Thursday, according to DefiLlama. However, this TVL has dropped significantly since January 2022, when it peaked at approximately $24.2 billion.
However, the Curve platform is still a profitable one, with DefiLlama also showing that annualized revenue for the DeFi protocol is sitting at over $18M.
The protocol has faced challenges from attackers, suffering multiple domain name service (DNS) attacks as well as incidents involving a fake Curve Finance app.
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Curve Price Analysis
When looking at the CRV price on a 1-day timeframe, we can see it is moving inside a falling wedge pattern on the daily chart. Currently, it has bounced nicely from the daily EMA 200 and is on the verge of breaking out above the wedge resistance and the daily SMA 50.
However, the bigger picture for CRV is that it looks more like a period of downtrend is incoming. For bulls to win out here, the CRV price needs to hold $0.7757 and push through $0.795. A break above $0.8 and subsequent flip to support would open it up to a move toward $0.8965 in the short term and $1.10 on higher timeframes.
The main thing to watch right now is today’s close. A fall below $0.775 would indicate a loss of bullish momentum with no real support zone until around $0.68.
If this happens, traders will want to see the CRV price regain $0.77 before considering taking a position in the DeFi token once more. Volume is another key indicator to watch, with Curve having processed over $170M in daily volume, down from $185M yesterday. This could indicate a loss of momentum, which makes today’s closing price even more important to watch.
(SOURCE: TradingView)
BONUS: Bitcoin Hyper (HYPER) Hits Landmark $17M in ICO Funding – The Next 100x Altcoin Play?
Bitcoin Hyper (HYPER) has surpassed a landmark funding milestone, securing $17M overnight. This solidifies its status as one of the top presales to consider heading into Q4 and the highly anticipated altcoin season.
HYPER is a Bitcoin Layer-2 protocol that aims to bring to BTC the type of fully-fledged ecosystem we currently see on Plume crypto, Ethereum, and Solana.
When you look beyond Bitcoin Hyper’s meme-coin-themed surface, you find innovative Layer 2 technology that enables ultra-fast transactions and super-low fees, the final piece of the puzzle for the Bitcoin ecosystem.
Bitcoin Hyper has built its L2 using rollup technology. It batch-processes transactions from the Bitcoin mainnet, settles them off-chain via the Solana Virtual Machine (SVM), and then sends them back to Bitcoin for final settlement.
The HYPER token will power the entire Bitcoin Hyper ecosystem, similar to how SOL powers Solana, and ETH is synonymous with Ethereum.
Investors can stake their HYPER for 68% APY, offering a juicy passive income in return for securing the Bitcoin Hyper ecosystem.
To join the HYPER army, visit the Bitcoin Hyper presale website. You can make your purchase using ETH, USDT, BNB, or a bank card.
Join the Bitcoin Hyper community and stay in the loop with all project updates via Telegram and X.
Visit HYPER HereEXPLORE: 10 Best AI Crypto Coins to Invest in 2026
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
