DeFi｜Why are some people willing to lock up CRV for a full 4 years?
Locking up 1 CRV for 4 years earns you 1 veCRV, while locking it up for 1 year earns you only 0.25 veCRV.
The veToken model is designed to trade long-term lockups for voting power and收益, aligning token holders’ interests with the protocol’s long-term development.
$CRV veCRV, earned by locking up tokens, is the most representative example of the veToken model.
The market is always full of surprises, so think ahead about what to do if you’re wrong.
#CRV
Locking up 1 CRV for 4 years earns you 1 veCRV, while locking it up for 1 year earns you only 0.25 veCRV.
The veToken model is designed to trade long-term lockups for voting power and收益, aligning token holders’ interests with the protocol’s long-term development.
$CRV veCRV, earned by locking up tokens, is the most representative example of the veToken model.
The market is always full of surprises, so think ahead about what to do if you’re wrong.
#CRV