DeFi | Why would anyone lock up CRV for 4 years?
veCRV is non-transferable, and its balance decreases linearly with the remaining lockup period until it reaches zero at expiration.
Convex pools CRV from many users and locks it up permanently, allowing users who don’t want to lock their CRV for 4 years themselves to indirectly share in the boosted rewards.
The veCRV obtained by locking up $CRV is a classic example of the veToken model.
It’s okay to play it safe—staying in the game matters more than making a big profit just once.
#CRV
NFA, DYOR.
veCRV is non-transferable, and its balance decreases linearly with the remaining lockup period until it reaches zero at expiration.
Convex pools CRV from many users and locks it up permanently, allowing users who don’t want to lock their CRV for 4 years themselves to indirectly share in the boosted rewards.
The veCRV obtained by locking up $CRV is a classic example of the veToken model.
It’s okay to play it safe—staying in the game matters more than making a big profit just once.
#CRV
NFA, DYOR.