Protocol fee value capture
Holders of veCRV earn a share of the fees generated across Curve’s products, including swaps and loans. 50% of trading fees from Curve pools are distributed to veCRV holders via the Curve DAO, while the remaining 50% goes to liquidity providers. In crvUSD markets, 80% of accrued interest is allocated to veCRV holders, with 20% routed to scrvUSD through the Fee Splitter. Fees are collected weekly, converted into crvUSD, and distributed proportionally to veCRV balances.