Keep these points in mind about the vote-locking model:
1) Liquidity providers who hold veCRV can earn CRV rewards with a boost of up to 2.5x.
2) Convex lets users deposit CRV in exchange for cvxCRV. The CRV received is permanently locked as veCRV, and this exchange cannot be reversed.
3) Before voting to receive voting incentives, check which project is offering them and what assets are in the corresponding pool.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
#CRV
1) Liquidity providers who hold veCRV can earn CRV rewards with a boost of up to 2.5x.
2) Convex lets users deposit CRV in exchange for cvxCRV. The CRV received is permanently locked as veCRV, and this exchange cannot be reversed.
3) Before voting to receive voting incentives, check which project is offering them and what assets are in the corresponding pool.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
#CRV