Don't rush to memorize the definition: why would anyone lock up CRV for a full 4 years?
CVX holders can lock their CVX as vlCVX (for a minimum of 16 weeks) and vote on how Convex's veCRV is used to vote.
Users providing liquidity who hold veCRV can earn up to a 2.5x boost on their CRV rewards.
Before locking up your tokens, make sure you won't need them for the next few years—you can't unlock veCRV early.
$CRV The veCRV obtained by locking tokens is a classic example of the veToken model. Current price: 0.2318.
#CRV
CVX holders can lock their CVX as vlCVX (for a minimum of 16 weeks) and vote on how Convex's veCRV is used to vote.
Users providing liquidity who hold veCRV can earn up to a 2.5x boost on their CRV rewards.
Before locking up your tokens, make sure you won't need them for the next few years—you can't unlock veCRV early.
$CRV The veCRV obtained by locking tokens is a classic example of the veToken model. Current price: 0.2318.
#CRV
