Difference between revisions of "Vote-escrowed tokens"
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Revision as of 23:45, 3 May 2022
Vote-escrowed tokens, shortened to veTokens, are a form of locked staking. Developed and popularized by Curve Finance, veTokens try to depart from the temporary liquidity seen in many liquidity mining programs by encouraging long-term staking. In the case of Curve, the incentive for the user to lock their tokens for a long period of time (up to 4 years) is the up to 2.5x increase in yield.[1]