Curvance (CVE)

Curvance (CVE)

Protocol

Curvance is a decentralized lending protocol that gives wrapped assets from other platforms more utility.

Whitepaper Website
Start:

Dec 12, 2023 00:00:00

Ended:

Dec 30, 2023 00:00:00

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ICO Details

ICO Details
View Details such as General, Token Supply & More
Curvance (CVE) Token Sale Details
Ticker Symbol:

CVE

Blockchain Network:

Ethereum

Token Type:

ERC20

Category:

Protocol

Rating:

Token Metrics & Distribution
Total Supply:

420,000,069 CVE

Early Supporters:

4,200,001 CVE

Seed Round:

21,000,003 CVE

Team:

56,700,009 CVE

Liquidity:

7,014,001 CVE

Treasury:

55,230,010 CVE

Incentives:

63,000,010 CVE

Airdrop:

11,256,001 CVE

Rewards:

168,000,028 CVE

Others:

33,600,006 CVE

Seed Round 5.00%
Team 13.50%
Liquidity 1.67%
Treasury 13.15%
Incentives 15.00%
Airdrop 2.68%
Rewards 40.00%
Others 8.00%
Token Sale Price
Social Media
About Curvance (CVE)

What is Curvance?

Curvance is a decentralized lending protocol that gives wrapped assets from other platforms more utility.

Curve is an automated market maker on the Ethereum blockchain, designed to achieve (1) efficient stablecoin trading (2) low risk, supplemental free income for liquidity providers. Curve allows users to trade stable coins like DAI and USDC with low slippage, low fees, and low risk by utilizing a specifically built algorithm for stablecoins (3) Rewards to users for supplying liquidity to the Curve protocol by receiving the CRV token. CRV is the governance token for the Curve DAO.
One of the common issues in the Curve ecosystem is the inflation of CRV tokens. Because CRV tokens are primarily used for governance of the Curve ecosystem, there is a lack of utility for individuals primarily motivated by profit-seeking activities. Locking mechanisms exist that allow for the staking of CRV for veCRV to earn more platform fees and voting rights. While this reduces short-term inflation for the ecosystem, it creates a new problem for the user who now has a locked, illiquid position for up to 4 years.

Curvance Unique Features

Curvance created an Automated Market Maker(AMM) that reduces slippage and fees by only accommodating assets that behave similarly (stablecoins, wrapped tokens, etc.) and using a bonding curve formula to facilitate swaps.
A Decentralized Autonomous Organization (DAO) was formed and controlled by the veCRV governance token to ensure that this protocol was properly governed. To participate in voting and earn rewards, CRV has to be locked for 1, 2, 3, or 4 years at a time. This mechanic results in a mass amount of the token supply being locked up. Users who want the benefits of locking without carrying a locked position choose to use platforms like Yearn or Convex Finance, allowing those protocols to lock their CRV receiving wrapped versions of CRV in exchange with secondary markets so users can trade the positions openly.
As the value of Curve’s voting rights increased, something known as the Curve Liquidity Wars started between Yearn, Convex, and Stake DAO. While these platforms fought for voting rights, use cases for interest-bearing tokens became a quick afterthought. This is where Curvance comes in, furthering the development of this locking cycle and allowing users to gain even more utility for their wrapped tokens without the need to take from other protocols.

Roadmap

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Curvance Token Economy

Liquidity providers to the Curvance protocol earn CVE tokens, which can be staked to receive boosted rewards:
– Shares of a platform fee based on TVL
– Profits from the lending market
– Voting rights in the Curvance DAO
By extending collateralized credit limits to yield farmers, Curvance is, in a way, unlocking a large percentage of the deeper DeFi market. This breakthrough, alongside other products like a CVX wrapper, would make our DAO a significant contender in various DeFi wars.

Detailed Token Metrics

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Token Distribution

Max Supply is: 420,000,069
The total breakdown of token allocation is as follows:
  • 13.15% [55,230,009.07]: Treasury – 25% will be vote-locked on TGE [Token Generation Event], in the CVE locker
  • 13.5% [56,700,009.32]: Team – Vested over 2 years released monthly
  • 5% [21,000,003.45] Seed Raise – Vote-locked with no additional CVE reward incentive during vesting period (1 year)
  • 1% [4,200,000.69]: Early Backers Raise – Vote-locked with no additional CVE reward incentive during vesting period (1 year)
  • 40% [168,000,027.6]: Bonding & Boosted Rewards
  • 1.67% [7,014,001.15]: Initial Pool Liquidity – Unlocked on TGE
  • 8% [33,600,005.52]: CVE Lockers – Distributed over a minimum 8-year period
  • 15% [63,000,010.35]: Lending Liquidity Incentive
  • 2.68% [11,256,001.84]: Airdrop – 2.18% on TGE with 0.5% vested for future community airdrop events

Token Release Schedule

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Partners & Advisors

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Team Members

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Investors

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