Keep these points in mind about the vote-escrow model:
1) Convex lets users deposit CRV in exchange for cvxCRV. The CRV is permanently locked as veCRV, and this exchange cannot be reversed.
2) Locking 1 CRV for 4 years gives you 1 veCRV; locking it for 1 year gives you only 0.25 veCRV.
3) Before voting to earn voting incentives, check which project is offering the incentives and what assets are in the corresponding pool.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
Personal observations, not financial advice.
1) Convex lets users deposit CRV in exchange for cvxCRV. The CRV is permanently locked as veCRV, and this exchange cannot be reversed.
2) Locking 1 CRV for 4 years gives you 1 veCRV; locking it for 1 year gives you only 0.25 veCRV.
3) Before voting to earn voting incentives, check which project is offering the incentives and what assets are in the corresponding pool.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
Personal observations, not financial advice.