Why are some people willing to lock up their tokens for years?
Definition: Gauge voting is the process of voting on where CRV emissions go. The allocation results are updated weekly.
How it works: Convex pools CRV from multiple users and locks it permanently, allowing users who don’t want to lock their tokens for four years themselves to indirectly share in the boosted returns.
$CRV is Curve’s governance token. The veToken model was popularized by Curve. It’s currently 0.3356.
Understanding how it works can help you make a more informed decision; it’s not for predicting market movements.
#CRV
Definition: Gauge voting is the process of voting on where CRV emissions go. The allocation results are updated weekly.
How it works: Convex pools CRV from multiple users and locks it permanently, allowing users who don’t want to lock their tokens for four years themselves to indirectly share in the boosted returns.
$CRV is Curve’s governance token. The veToken model was popularized by Curve. It’s currently 0.3356.
Understanding how it works can help you make a more informed decision; it’s not for predicting market movements.
#CRV