DeFi essentials: the vote-escrow model
The cost of locking up tokens is sacrificing liquidity: if the token price falls during the lockup period, you still can't sell—you have to wait until the lockup expires to get them back.
Before locking up your tokens, make sure you won't need them during the lockup period. veCRV can't be unlocked early before it expires.
veCRV obtained by locking up tokens for $CRV is one of the most representative examples of the veToken model.
If you get it, drop a 1. If not, ask away in the comments.
#CRV
The cost of locking up tokens is sacrificing liquidity: if the token price falls during the lockup period, you still can't sell—you have to wait until the lockup expires to get them back.
Before locking up your tokens, make sure you won't need them during the lockup period. veCRV can't be unlocked early before it expires.
veCRV obtained by locking up tokens for $CRV is one of the most representative examples of the veToken model.
If you get it, drop a 1. If not, ask away in the comments.
#CRV