Today's key concept: the vote-escrow model
Locking 1 CRV for 4 years gives you 1 veCRV; locking it for just 1 year gives you only 0.25 veCRV.
Before locking your tokens, make sure you won't need them over the next few years. You can't unlock veCRV early before it expires.
Be extra cautious of projects promising high returns.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
I can be wrong too, so make your own judgment.
Locking 1 CRV for 4 years gives you 1 veCRV; locking it for just 1 year gives you only 0.25 veCRV.
Before locking your tokens, make sure you won't need them over the next few years. You can't unlock veCRV early before it expires.
Be extra cautious of projects promising high returns.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
I can be wrong too, so make your own judgment.