Why would anyone lock up CRV for a full 4 years? Don’t panic—the class rep is here to explain:
In Curve’s veCRV model, holders lock up CRV in exchange for veCRV. The longer the lockup, the more veCRV they get, with a maximum lockup of 4 years.
The cost of locking up your tokens is giving up liquidity: even if the price plunges during the lockup period, you can’t sell—you have to wait until it expires to get your tokens back.
Learning this won’t make me an expert overnight, but it can help me avoid one rookie mistake.
$CRV 0.3303（-2.71%）
#CRV
NFA. Do your own research.
In Curve’s veCRV model, holders lock up CRV in exchange for veCRV. The longer the lockup, the more veCRV they get, with a maximum lockup of 4 years.
The cost of locking up your tokens is giving up liquidity: even if the price plunges during the lockup period, you can’t sell—you have to wait until it expires to get your tokens back.
Learning this won’t make me an expert overnight, but it can help me avoid one rookie mistake.
$CRV 0.3303（-2.71%）
#CRV
NFA. Do your own research.