Crypto trivia 📚 The vote-escrow model
Locking 1 CRV for 4 years gives you 1 veCRV; locking it for just 1 year gives you only 0.25 veCRV.
The vote that determines how CRV emissions are allocated is called gauge voting, and its weights are updated once a week.
You only realize you need to read the rules first after learning the hard way.
The veCRV obtained by locking $CRV is the most typical example of the veToken model.
#CRV
Locking 1 CRV for 4 years gives you 1 veCRV; locking it for just 1 year gives you only 0.25 veCRV.
The vote that determines how CRV emissions are allocated is called gauge voting, and its weights are updated once a week.
You only realize you need to read the rules first after learning the hard way.
The veCRV obtained by locking $CRV is the most typical example of the veToken model.
#CRV