Extra Yield Distribution Schedule

Curve Bonds DAO typically distributes 50-80% of yields earned from crvUSD strategies to bcrvUSD+ stakers and fixed rate Bond holders, the remaining yield is considered "Extra Yield". "Extra yield" is compounded into crvUSD strategies until all circulating bcrvUSD+ tokens are overcollateralized by at least 5%. Then the crvBONDS Treasury can diversify "extra yield" into non-stable, liquid Curve/Yield Basis Ecosystem strategies such as asdCRV, yCRV, yYB, and yvyYB. For the first year after deployment, the Curve Bonds DAO is scheduled to compound 100% of the Extra Yield generated. With about 50% of Extra Yield distributed in crvUSD strategies and the remaining 50% distributed into CRV and YB liquid staking strategies. As the Curve Bonds DAO accumulates extra crvUSD tokens beyond the required amount to collateralize all circulating bcrvUSD+ tokens and fixed rate Bonds, new bcrvUSD tokens are minted and used to buy and burn crvBONDS DAO tokens. During this first year, up to 100M crvBONDS will be distributed as rewards to Curve Bonds DAO ecosystem participants as "vested crvBONDS" that will unlock on the last day of 2026.