Keep these points in mind about the vote-locking model:
1) Some protocols offer voting incentives (commonly known as bribes) to voters so their pools receive more CRV emissions. This competition is known as the “Curve Wars.”
2) veCRV is non-transferable, and its amount decreases linearly as the remaining lock-up period gets shorter, reaching zero at expiry.
3) Wrapped tokens such as cvxCRV cannot be redeemed for CRV at a 1:1 ratio, and their market price may be lower than CRV’s.
veCRV obtained by locking $CRV is one of the most representative examples of the veToken model. Current price: 0.3881.
#CRV
1) Some protocols offer voting incentives (commonly known as bribes) to voters so their pools receive more CRV emissions. This competition is known as the “Curve Wars.”
2) veCRV is non-transferable, and its amount decreases linearly as the remaining lock-up period gets shorter, reaching zero at expiry.
3) Wrapped tokens such as cvxCRV cannot be redeemed for CRV at a 1:1 ratio, and their market price may be lower than CRV’s.
veCRV obtained by locking $CRV is one of the most representative examples of the veToken model. Current price: 0.3881.
#CRV