š Beyond funding, you also need to understand this basic concept: the voting lock-up model
In Curveās veCRV model, holders lock CRV in exchange for veCRV; the longer they lock, the more veCRV they get, with a maximum lock-up period of 4 years.
The cost of locking is giving up liquidity: if the token price drops sharply during the lock-up period, you still canāt sell it, and can only wait until it expires to get it back.
$CRV is Curveās governance token, and the veToken model was popularized by Curve. Current price: 0.335.
Understand the principle more clearly before getting started; donāt make decisions based on gut feeling.
In Curveās veCRV model, holders lock CRV in exchange for veCRV; the longer they lock, the more veCRV they get, with a maximum lock-up period of 4 years.
The cost of locking is giving up liquidity: if the token price drops sharply during the lock-up period, you still canāt sell it, and can only wait until it expires to get it back.
$CRV is Curveās governance token, and the veToken model was popularized by Curve. Current price: 0.335.
Understand the principle more clearly before getting started; donāt make decisions based on gut feeling.