What exactly are people competing for in the so-called “Curve wars”?
First, a definition: Some protocols want their pools to receive more CRV emissions, so they offer incentives (commonly known as bribes) to voters. This competition is called the “Curve wars.”
Why does this happen? The veToken model is designed to grant voting power and yield in exchange for locking tokens long-term, aligning holders’ interests with the protocol’s long-term development.
$CRV veCRV obtained by locking tokens is the most typical example of the veToken model. Currently, 0.3654.
Markets always bring surprises, so think in advance about what to do if you’re wrong.
#CRV
First, a definition: Some protocols want their pools to receive more CRV emissions, so they offer incentives (commonly known as bribes) to voters. This competition is called the “Curve wars.”
Why does this happen? The veToken model is designed to grant voting power and yield in exchange for locking tokens long-term, aligning holders’ interests with the protocol’s long-term development.
$CRV veCRV obtained by locking tokens is the most typical example of the veToken model. Currently, 0.3654.
Markets always bring surprises, so think in advance about what to do if you’re wrong.
#CRV