Someone asked: Why would anyone be willing to lock up CRV for four whole years?
My answer: Convex lets users deposit CRV in exchange for cvxCRV. The CRV received is permanently locked as veCRV, and this step cannot be reversed or redeemed. The veToken model is designed to exchange long-term locking for voting rights and yields, aligning token holders’ interests with the protocol’s long-term development.
$CRV 0.2286（-0.61%）
Were you familiar with this before?
#CRV
This is not financial advice. Buy and sell at your own discretion.
My answer: Convex lets users deposit CRV in exchange for cvxCRV. The CRV received is permanently locked as veCRV, and this step cannot be reversed or redeemed. The veToken model is designed to exchange long-term locking for voting rights and yields, aligning token holders’ interests with the protocol’s long-term development.
$CRV 0.2286（-0.61%）
Were you familiar with this before?
#CRV
This is not financial advice. Buy and sell at your own discretion.