Curve Finance founder Michael Egorov unveiled a proposal on the Curve DAO governance forum that would give the decentralized exchange's token holders a more direct way to earn income.

The protocol, called Yield Basis, aims to distribute sustainable returns to CRV holders who stake tokens to participate in governance votes, receiving veCRV tokens in exchange. The plan moves beyond the occasional airdrops that have defined the platform's token economy to date.

Under the proposal, $60 million of Curve's crvUSD stablecoin will be minted before Yield Basis starts up. Funds from selling the tokens will support three bitcoin-focused pools; WBTC, cbBTC and tBTC, each capped at $10 million.

Yield Basis will return between 35% and 65% of its value to veCRV holders, while reserving 25% of Yield Ba

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