Keep these points in mind about the vote-locking model:
1) Convex lets users deposit CRV in exchange for cvxCRV. The CRV is permanently locked as veCRV, and this process cannot be reversed to redeem it.
2) The votes that determine where CRV emissions go are called gauge votes, and the allocation results are updated weekly.
3) Before locking your tokens, make sure you won't need them during the lock-up period. veCRV cannot be unlocked early before it expires.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
Personal notes; make your own decisions when taking action.
1) Convex lets users deposit CRV in exchange for cvxCRV. The CRV is permanently locked as veCRV, and this process cannot be reversed to redeem it.
2) The votes that determine where CRV emissions go are called gauge votes, and the allocation results are updated weekly.
3) Before locking your tokens, make sure you won't need them during the lock-up period. veCRV cannot be unlocked early before it expires.
$CRV is Curve's governance token, and the veToken model was popularized by Curve.
#CRV
Personal notes; make your own decisions when taking action.