crvBONDS DAO Tokens

crvBONDS DAO tokens secure the Curve Bonds DAO Aragon Treasury, which utilizes weighted token voting to execute Treasury management proposals. In addition to securing the Curve Bonds DAO Treasury, crvBONDS DAO token holders receive 50% of the extra yield generated by the crvBONDS Treasury. To receive Curve Bonds DAO Protocol revenue share, users must convert their crvBONDS DAO Tokens into stcrvBONDS or LL-crvBONDS tokens. Staked Curve Bonds DAO tokens (stcrvBONDS) are a liquid staked, yield bearing derivative of crvBONDS DAO tokens. stcrvBONDS holders receive about 15% of Curve Bonds Protocol Revenue that is distributed to users. Liquid Locked Curve Bonds DAO tokens (LL-crvBONDS) are a liquid locked derivative of stcrvBONDS tokens.

*Extra yield is the yield generated over the base amount paid to bcrvUSD+ and Fixed Rate Bond token holders.