Curve as the battleground for the next governance war

Curve is a popular automated market-maker platform for trading stable assets. Last week, the project launched its governance token, CRV, which enables users to vote on changes to the Curve protocol and propose upgrades.

We first saw the impact of Curve’s governance process on Wednesday and Thursday this week, when a CRV holder voted to the shift the weight of CRV token distribution to Curve’s Compound pool. This weight shift kicked off what might potentially be a governance war among decentralized finance (DeFi) protocols using Curve.