What are the sides actually fighting over in the so-called “Curve wars”?
Convex lets users deposit CRV in exchange for cvxCRV. The CRV it receives is permanently locked as veCRV, and the exchange cannot be reversed.
Before voting to earn incentives, make sure you understand which project is offering them and which assets are in the corresponding pool.
$CRV is Curve’s governance token, and Curve is what popularized the veToken model.
Did you misunderstand this too?
Convex lets users deposit CRV in exchange for cvxCRV. The CRV it receives is permanently locked as veCRV, and the exchange cannot be reversed.
Before voting to earn incentives, make sure you understand which project is offering them and which assets are in the corresponding pool.
$CRV is Curve’s governance token, and Curve is what popularized the veToken model.
Did you misunderstand this too?