This was impressive, as it suggests veCRV holders are leaking minimal value to emissions....The market rejects the BOLD bribe meta, and LQTY stakers are compensated for PIL similarly to current veCRV...

...earned over that period. vxASTRO 2.0 to Restart ASTRO Wars vxASTRO 1.0 was initially inspired by Curve’s veCRV..., where locked veCRV has the voting power to direct emissions towards their intended pools. vxASTRO 2.0...

The original cohort of 4-year veCRV lockers have been maturing over the past few months....unlocking this year, its almost 4 years already — Popcorn Kirby 🚀 (@PopcornKirby) January 24, 2024 veCRV...of CRV price performance throughout the lock period, bribe income, admin fees, and crvUSD fees per veCRV...

Unlike AAVE, fees generated from crvUSD will go directly to veCRV. crvUSD has a head start on GHO, deploying...circulating supplies. crvUSD will likely benefit from the many different farming opportunities within the veCRV...

Frax Owns the Most CVX Convex retains value from the large veCRV voting power they own....To achieve the maximum boost and veCRV, one has to lock up CRV for 4 years....CVX has a shorter lockup period of 16 weeks compared to the 4-year lockup period for veCRV....Convex takes on the higher 4-year lockup time frame of veCRV on behalf of CVX holders.

Once veCRV was launched, Convex created a liquid wrapper called cvxCRV....This accelerated Convex’s accumulation of veCRV, as individual users tended to avoid the unnecessary...Users who locked CVX for 16 weeks in exchange for vlCVX controlled the gauge votes of Convex’s veCRV...Individual veCRV holders are diluted, with veCRV’s utility spread too thin by comparison.

Once veCRV was launched, Convex created a liquid wrapper called cvxCRV....This accelerated Convex’s accumulation of veCRV, as individual users tended to avoid the unnecessary...Users who locked CVX for 16 weeks in exchange for vlCVX controlled the gauge votes of Convex’s veCRV...Individual veCRV holders are diluted, with veCRV’s utility spread too thin by comparison.

...theorizes on when the protocol may start to run out of emissions to incentivize the cvxCRV peg and veCRV...

...account that Curve still pays far more in emissions than it generates in fees or bribes distributed to veCRV...Of these fees, 50% are designated as admin fees, which go to veCRV holders....veCRV, vlCVX, cvxCRV, and cvxFXS To summarize: veCRV = Vote Escrowed CRV (max lock of 4 years) vlCVX...

The average lock rate of veCRV is often a good sentiment indicator for Curve....Because veCRV is held by those with a long-term interest in the protocol, monitoring the accumulation...of veCRV and significant unlocks will often bring insight into CRV price movements.

Now, Frax has been admitted to the veCRV whitelist and will adhere to the following conditions: Lock...at least 5% of CRV farmed as veCRV Use the remaining CRV to support the cvxCRV peg or convert it directly...Each locked CVX now controls over 5.4 max locked veCRV, a ratio not seen since March 3rd, 2022.

...account that Curve still pays far more in emissions than it generates in fees or bribes distributed to veCRV...

...receives a proposal from Frax to create a Frax Base Pool of Frax+USDC and to whitelist Frax to stake veCRV...

It’s a real shame to see a talented dev team build the nth veToken meta-aggregator which allows veCRV...

This model allows CRV holders to lock up their tokens as vote-escrowed CRV (veCRV) for up to 4 years....The longer a user locks their CRV for, the more veCRV they receive....The more long-term oriented a user is (measured by their veCRV), the more rewards they will receive....capital in (more veCRV = more influence over emissions).

Now there’d be three tokens: CRV, xCRV, and veCRV....Convex was able to run away with over 50% of veCRV, not only because it was a super novel and unique...This is in hopes of allowing veCRV holders to get liquidity if they need, and potentially incentivize...people to lock up veCRV.

This model allows CRV holders to lock up their tokens as vote-escrowed CRV (veCRV) for up to 4 years....The longer a user locks their CRV for, the more veCRV they receive....capital in (more veCRV = more influence over emissions)....This can be illustrated by the time-locked/held between stkAAVE, xSUSHI, and veCRV.

0xPrismatic) April 25, 2022 Analyzing Curve Bribes 1/ Currently seeing a lot of talk about how bribing veCRV...Choosing between bribing vlCVX and veCRV is not as straightforward as there are many other factors at...

This is a sharp contrast to Curve’s veCRV max lock of 4 years.

This is a sharp contrast to Curve’s veCRV max lock of 4 years.