Curve’s 60M crvUSD Pre-Mint Proposal Sparks Governance Firestorm Over Yield Basis Strategy

DeFi's perpetual governance battles flare anew as Curve Finance debates minting 60 million crvUSD—a move supporters claim will turbocharge yield strategies while critics decry centralized overreach.

Yield Basis or Yield Bust?

The proposal would pre-mint the massive stablecoin allocation to fund algorithmic yield strategies, bypassing traditional governance approvals for each deployment. Advocates argue it creates operational efficiency; opponents see dangerous precedent-setting power concentration.

Governance Pushback Intensifies

Token holders revolt against what they call 'decentralization theater'—yet another case of crypto's rich getting richer while pretending community input matters. The usual governance dance: propose, debate, then implement regardless.

Will the pre-mint proceed despite community objections? In DeFi, the answer usually depends on who stands to profit most—and how quickly they can execute before anyone notices.