【One-minute explainer】Why would anyone be willing to lock up CRV for a full 4 years?
veCRV holders can also share in some of Curve’s trading fees.
The cost of locking is giving up liquidity: even if the token price plunges during the lockup period, you can’t sell—you have to wait until it expires to get your tokens back.
$CRV is Curve’s governance token, and Curve was the project that popularized the veToken model.
If you don’t understand something, avoid putting a large amount into it. Practicing with a small amount is safer.
#CRV
veCRV holders can also share in some of Curve’s trading fees.
The cost of locking is giving up liquidity: even if the token price plunges during the lockup period, you can’t sell—you have to wait until it expires to get your tokens back.
$CRV is Curve’s governance token, and Curve was the project that popularized the veToken model.
If you don’t understand something, avoid putting a large amount into it. Practicing with a small amount is safer.
#CRV