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Claiming veCRV Revenue Share

Holding veCRV not only gives you voting power in Curve governance, but also entitles you to a share of protocol revenue.

How is Revenue Generated?​

Curve collects fees from several sources:

  • Trading fees: Every time users swap tokens on Curve, a portion of the trading fee is going to veCRV holders.
  • crvUSD interest: Parts of the interest accrued from Curve’s stablecoin (crvUSD) markets is distributed to veCRV holders.

How is Revenue Distributed?​

All collected fees are converted to crvUSD and distributed among veCRV holders. The amount you receive depends on your veCRV balance relative to the total veCRV supply at the time of distribution. The more veCRV you hold, the larger your share of the revenue.

Rewards are distributed on a weekly basis and can be claimed each week within 24hrs after Thursday 00:00 UTC.

Claiming Eligibility​

Before you can claim veCRV revenue, you need to meet the following criteria:

  1. Have veCRV (locked CRV) in your wallet. If you hold tokens from 'liquid lockers' (like cvxCRV, sdCRV, or yCRV), these are derivatives of veCRV. You'll need to claim your revenue through that specific project's website. If you don't have veCRV, see the guide on how to lock CRV here: Guide: Locking CRV.

  2. You've held veCRV through a full revenue week (Thursday 00:00 UTC to Thursday 00:00 UTC). Curve distributes revenue based on weekly snapshots. If you acquire veCRV on a Friday, for example, your first claim will be available roughly 13 days later.

How to Claim Your Revenue​

  1. Open the DAO app's Lock CRV page and connect your wallet on Ethereum.
  2. Select Claim Fees to view your claimable crvUSD and any legacy 3CRV rewards.
  3. Click Claim beside the token you want to receive, then confirm the transaction in your wallet. Claim each token separately if both have rewards available.

Rewards are sent to your wallet. You do not need to claim weekly: rewards accumulate and can be claimed later without forfeiting them. A token's Claim button is disabled when its claimable balance is zero.

Claim Fees tab on the Lock CRV page, with separate Claim buttons for 3CRV and crvUSD
3CRV as the original reward token

Before the DAO decided to have crvUSD as the reward token (June 20th, 2024), revenue was distributed using the 3CRV token which is the LP tokens of DeFi's biggest stablecoin pool (3pool).

Consider Re-locking CRV

Remember that your veCRV balance, and thus your rewards, are affected by how long is left on your CRV lock. Consider re-locking your CRV to maintain your rewards.

Revenue Stats​

All veCRV metrics and revenue stats can be viewed on the analytics page.

Weekly gauge weight cycle showing the voting and distribution timelineWeekly gauge weight cycle showing the voting and distribution timeline