Why are some people willing to lock up their coins for years?
First, what it is: In Curve’s veCRV model, users lock up CRV in exchange for veCRV. The longer they lock it up, the more veCRV they receive, with a maximum lock-up period of 4 years.
Why it works this way: Convex pools together scattered CRV and locks it up permanently, allowing users who don’t want to lock up their own CRV for 4 years to indirectly share in the boosted rewards.
veCRV obtained by locking up $CRV is the most representative example of the veToken model. Currently: 0.3701.
Don’t invest with borrowed money; the pressure can lead you to make bad decisions.
First, what it is: In Curve’s veCRV model, users lock up CRV in exchange for veCRV. The longer they lock it up, the more veCRV they receive, with a maximum lock-up period of 4 years.
Why it works this way: Convex pools together scattered CRV and locks it up permanently, allowing users who don’t want to lock up their own CRV for 4 years to indirectly share in the boosted rewards.
veCRV obtained by locking up $CRV is the most representative example of the veToken model. Currently: 0.3701.
Don’t invest with borrowed money; the pressure can lead you to make bad decisions.