If more st-ycrv are given away every day, it shoul... @curvefi

Asked 1053 days ago
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If more st-ycrv are given away every day, it should be redeemable for LESS ycrv no?

asked 1053 days ago

1 Answers

Answer: Based on the existing information, it appears that st-yCRV tokens are not redeemable for yCRV tokens, but rather are used to compound underlying tokens in order to generate more yCRV tokens. Therefore, if more st-yCRV tokens are given away every day, it would not necessarily lead to less yCRV tokens. Instead, the st-yCRV tokens would be used to compound underlying tokens in order to generate more yCRV tokens.
answered 1053 days ago
0
just going off the docs: "Under the hood, st-yCRV is a Yearn v2 vault, allowing users to sit back, relax and have their underlying token compounded by a strategy that sells 3CRV and some claimed bribes into yCRV."
answered 1053 days ago

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