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VeTokenomics: The CRV/veCRV Model Explained
Understanding the CRV/veCRV model is crucial for anyone involved in Curve Finance. CRV is the native governance token of the platform, while veCRV represents locked CRV for a specified period. By locking CRV, users gain voting power and access to enhanced rewards. The longer the lock period, the more benefits accrue. This model incentivizes long-term commitment, fostering stability and growth within the ecosystem.