Crypto trivia 📚 Vote-escrow model
veCRV holders can participate in Curve’s governance voting and also decide how CRV emissions are allocated across different pools.
Convex lets users deposit CRV in exchange for cvxCRV; the received CRV is permanently locked into veCRV, and this conversion cannot be reversed.
Things like this may seem boring in everyday life, but you only realize their value when you run into trouble.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
veCRV holders can participate in Curve’s governance voting and also decide how CRV emissions are allocated across different pools.
Convex lets users deposit CRV in exchange for cvxCRV; the received CRV is permanently locked into veCRV, and this conversion cannot be reversed.
Things like this may seem boring in everyday life, but you only realize their value when you run into trouble.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
