Let’s talk about the vote-escrow model.
veCRV holders can also receive a share of Curve’s trading fees.
One thing that’s easy to overlook: Convex pools scattered CRV and locks it permanently, allowing users who don’t want to lock their tokens for four years themselves to indirectly share in the boosted rewards.
The derivative token cvxCRV can’t be redeemed for CRV at a 1:1 ratio, and its secondary-market price may be lower than CRV’s.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
veCRV holders can also receive a share of Curve’s trading fees.
One thing that’s easy to overlook: Convex pools scattered CRV and locks it permanently, allowing users who don’t want to lock their tokens for four years themselves to indirectly share in the boosted rewards.
The derivative token cvxCRV can’t be redeemed for CRV at a 1:1 ratio, and its secondary-market price may be lower than CRV’s.
$CRV is Curve’s governance token, and the veToken model was popularized by Curve.
