Most people think the vote-locking model is simple, but this is where it’s easy to get things wrong:
CVX holders can lock their CVX to receive vlCVX (for at least 16 weeks), which lets them vote on how Convex casts its veCRV.
The veToken model is designed to trade long-term locking for voting power and rewards, aligning token holders’ interests with the protocol’s long-term development.
Before locking your tokens, make sure you won’t need them for the next few years. veCRV cannot be unlocked early before it expires.
$CRV veCRV earned through locking is a classic example of the veToken model.
These are personal observations, not investment advice.
CVX holders can lock their CVX to receive vlCVX (for at least 16 weeks), which lets them vote on how Convex casts its veCRV.
The veToken model is designed to trade long-term locking for voting power and rewards, aligning token holders’ interests with the protocol’s long-term development.
Before locking your tokens, make sure you won’t need them for the next few years. veCRV cannot be unlocked early before it expires.
$CRV veCRV earned through locking is a classic example of the veToken model.
These are personal observations, not investment advice.
