Why would anyone be willing to lock up their tokens for years?
Locking up 1 CRV for 4 years gets you 1 veCRV; locking it up for 1 year gets you only 0.25 veCRV.
Key point: Before locking up your tokens, make sure you won’t need the funds for the next few years. You can’t unlock veCRV early.
$CRV The veCRV you get from locking up tokens is the most classic example of the veToken model. Current value: 0.3873.
Understand the principles before getting started. Don’t trade on a hunch.
#CRV
Locking up 1 CRV for 4 years gets you 1 veCRV; locking it up for 1 year gets you only 0.25 veCRV.
Key point: Before locking up your tokens, make sure you won’t need the funds for the next few years. You can’t unlock veCRV early.
$CRV The veCRV you get from locking up tokens is the most classic example of the veToken model. Current value: 0.3873.
Understand the principles before getting started. Don’t trade on a hunch.
#CRV