What are the so-called “Curve Wars” really about?
Definition: The votes that determine where CRV emissions go are called gauge votes, and the allocation is updated once a week.
The logic behind it: Locking tokens comes at the cost of liquidity. If the token price plunges while your tokens are locked, you can’t sell them—you have to wait until the lockup expires to get them back.
$CRV veCRV, obtained by locking tokens, is the most typical example of the veToken model.
Make sure you understand the rules before getting involved. Don’t make decisions based on gut feeling.
#CRV
How you choose to act is up to you; I’m just sharing.
Definition: The votes that determine where CRV emissions go are called gauge votes, and the allocation is updated once a week.
The logic behind it: Locking tokens comes at the cost of liquidity. If the token price plunges while your tokens are locked, you can’t sell them—you have to wait until the lockup expires to get them back.
$CRV veCRV, obtained by locking tokens, is the most typical example of the veToken model.
Make sure you understand the rules before getting involved. Don’t make decisions based on gut feeling.
#CRV
How you choose to act is up to you; I’m just sharing.