# Revenue and Tokenomics

CurveYield's economic model is built around broad-spectrum DeFi value capture.

The protocol is designed to reduce reliance on perpetual emissions by routing real activity into users, LPs, vaults, partner protocols, DAO-owned liquidity, and treasury-controlled assets.

## Revenue sources

CurveYield can generate revenue from:

* LP swap fees;
* pool admin fees;
* creator fee lanes;
* partner frontend fee lanes;
* permanent protocol-owned liquidity;
* vault management or performance fees where enabled;
* lending interest from credit markets;
* cyUSD liquidity and borrowing systems where launched;
* bridge fees;
* arbitrage or rebalance value where protocol-aligned automation is deployed;
* reward harvesting and compounding;
* treasury yield;
* approved RWA or yield-bearing asset routes;
* partner treasury utilization programs.

No single lane is guaranteed. The strength of the model comes from connecting multiple real revenue surfaces rather than relying on one emissions schedule.

## DEX economics

CurveYield DEX economics include protocol/admin fee routing, creator fee lanes, partner frontend fees, permanent liquidity allocation, and DAO-governed incentive policies. Detailed DEX fee rules are maintained in [CurveYield DEX](/products/curveyield-dex.md).

## Incentive policies

CurveYield may use crvYIELD emissions to bootstrap strategic liquidity. Current DEX incentive policies are maintained in [CurveYield DEX](/products/curveyield-dex.md).

These are governance-controlled growth policies. They are not permanent entitlements and can be modified, capped, paused, or discontinued by governance.

## Treasury accumulation

CurveYield is designed to accumulate a productive treasury through:

* protocol/admin fees;
* permanent liquidity allocations;
* vault fees;
* bridge fees;
* lending interest;
* partner integrations;
* treasury-owned LP positions;
* yield-bearing assets;
* approved strategic investments.

The treasury can support liquidity, incentives, safety buffers, keeper funding, protocol operations, partner programs, and long-term ecosystem growth.

## Token layer

Current CurveYield 2.0 branding uses:

| Token      | Name                        | Intended role                                       |
| ---------- | --------------------------- | --------------------------------------------------- |
| `crvYIELD` | CurveYield Dividend Token   | Revenue-aligned ecosystem token and emissions asset |
| `cyUSD`    | CurveYield USD              | Stable liquidity and credit-system token            |
| `cyGOV`    | CurveYield Governance Token | Governance token for DAO control paths              |

CurveYield does not promise token price appreciation, fixed income, dividends, or guaranteed distributions. Any future revenue-routing, buyback, burn, staking, or distribution mechanism is documented only when approved and implemented onchain.

Token mechanics, supply caps, mint/burn rights, staking rights, revenue routing, and governance rights are documented in final token-specific pages when those mechanics are live and governance-approved.

## Tokenomics principles

CurveYield tokenomics are designed around five principles:

1. Emissions are targeted bootstrapping tools, not the permanent foundation of yield.
2. Real revenue from pools, vaults, lending, bridges, partners, and treasury assets is more durable than speculative inflation.
3. Protocol-owned liquidity can convert emissions and fees into long-term balance-sheet assets.
4. DAO governance controls how revenue, incentives, treasury assets, and risk parameters are routed.
5. Token value accrual is strongest when tied to system usage, treasury growth, and durable liquidity rather than uncontrolled issuance.

## Lean operations and value retention

CurveYield's lean operating model is part of the economics.

By building on proven open-source codebases and using automation-heavy operations, CurveYield aims to keep more revenue inside the protocol ecosystem rather than spending it on a large fixed-cost organization.

That retained value can support users, LPs, treasury growth, DAO-owned liquidity, incentives, risk buffers, audits, reviews, infrastructure, and partner programs.


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