Convex is holding 50% of the veCRV. It’ll come bac... @curvefi

Asked 1055 days ago
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Convex is holding 50% of the veCRV. It’ll come back when bribe money goes to CRV stakers directly instead of CVX.

asked 1055 days ago

1 Answers

Answer: Convex is currently holding 50% of the veCRV, a governance token for the Curve Finance protocol. This means that Convex has a significant influence over the decisions and direction of the protocol. The veCRV will be returned to the Curve stakers when bribe money is distributed directly to them instead of to Convex. This will ensure that the stakers are appropriately rewarded for their contributions to the protocol and that the governance power of the veCRV is more evenly distributed among the stakers. By distributing the bribe money directly to the stakers, it will also help to ensure that the decisions made by the protocol are in the best interests of the stakers and the protocol as a whole.
answered 1055 days ago
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