If a new whale enter @CurveFinance now he gotta lock like 15% or more of the USD he puts on Curve to boost himself, so if he wanna put 1 million dollaroo on curve he needa buy $150k of $CRV and lock them 4 years. So why a new whale will do that? Because:
*1. Voting right:* lads, this is not JUST about governance voting right for the meme, you will have the voting power to gauge weight vote so your pools will earn more $CRV amount overall, which in turn will boost your $CRV yield. Source: https://resources.curve.fi/base-features/understanding-gauges
*2. Boost your own CRV yield up to 2.5x*: yes you hear that right, locking $CRV for $veCRV you can boost your $CRV from ALL the pools you are in up to 2.5x. That's why you see people earning up to 150% APY from Curve's pools lel. Source: https://resources.curve.fi/guides/boosting-your-crv-rewards
*3. Earn admin fees distribution for your $veCRV:* your locked $CRV does not go to waste, it will also earn yield from the admin fees distribution on Curve. So you can cash out the fees or buy more $CRV to get yield on yield. Resource: https://resources.curve.fi/guides/boosting-your-crv-rewards
This is fucking peak ponzinomic so lads, fucking get it and get on with me before $CRV hit 6 dolla lel.
You can follow @gggonecrypto.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.