๐ Today's key takeaway: the vote-escrow model
If market makers hold veCRV, they can get up to a 2.5x boost when claiming CRV rewards.
A derivative token like cvxCRV cannot be exchanged back for CRV at a 1:1 rate, and its price on the secondary market may be lower than CRV's.
Don't invest with borrowed moneyโpressure can push you into making bad decisions.
$CRV veCRV obtained by locking tokens is the classic example of the veToken model. Currently: 0.3473.
#CRV
Crypto assets are volatile, so don't take on too large a position.
If market makers hold veCRV, they can get up to a 2.5x boost when claiming CRV rewards.
A derivative token like cvxCRV cannot be exchanged back for CRV at a 1:1 rate, and its price on the secondary market may be lower than CRV's.
Don't invest with borrowed moneyโpressure can push you into making bad decisions.
$CRV veCRV obtained by locking tokens is the classic example of the veToken model. Currently: 0.3473.
#CRV
Crypto assets are volatile, so don't take on too large a position.