Why would anyone lock their CRV for 4 years?
Locking 1 CRV for 4 years gets you 1 veCRV, while locking it for 1 year gets you only 0.25 veCRV.
veCRV holders can participate in Curve governance votes and decide how CRV emissions are allocated among different pools.
The key thing to remember when managing funds: derivative tokens like cvxCRV cannot be redeemed for CRV at a 1:1 ratio, and their market price is sometimes lower than CRV.
$CRV 0.3467 (-7.69%)
#CRV
This is not investment advice. You are responsible for your own gains and losses.
Locking 1 CRV for 4 years gets you 1 veCRV, while locking it for 1 year gets you only 0.25 veCRV.
veCRV holders can participate in Curve governance votes and decide how CRV emissions are allocated among different pools.
The key thing to remember when managing funds: derivative tokens like cvxCRV cannot be redeemed for CRV at a 1:1 ratio, and their market price is sometimes lower than CRV.
$CRV 0.3467 (-7.69%)
#CRV
This is not investment advice. You are responsible for your own gains and losses.