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VeTokenomics is an innovative economic model employed by Curve Finance to incentivize long-term holding of veCRV tokens. It builds upon the existing liquidity provision model by offering governance rights and rewards to those who stake their CRV tokens to earn veCRV. veCRV holders not only participate in protocol governance but also receive a portion of the protocol's fees, fostering a more engaged and committed community. This model encourages long-term thinking and aligns incentives, making it a crucial component in the Curve ecosystem's success.
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