Why would anyone be willing to lock up their CRV for a full 4 years? Don't panic—the class rep is here to explain:
Convex lets users deposit CRV and receive cvxCRV in return. The CRV they deposit is permanently locked as veCRV, and this exchange cannot be reversed.
The cost of locking it up is giving up liquidity: even if the token price plunges during the lock-up period, you can't sell. You can only wait until the lock-up expires to withdraw it.
Knowledge can't make me rich overnight, but it can help me avoid paying as much in tuition.
$CRV 0.3259（-3.86%）
#CRV
Convex lets users deposit CRV and receive cvxCRV in return. The CRV they deposit is permanently locked as veCRV, and this exchange cannot be reversed.
The cost of locking it up is giving up liquidity: even if the token price plunges during the lock-up period, you can't sell. You can only wait until the lock-up expires to withdraw it.
Knowledge can't make me rich overnight, but it can help me avoid paying as much in tuition.
$CRV 0.3259（-3.86%）
#CRV