For st-ycrv I know it is boosting yCRV behind the ... @yearnfinance

Asked 1049 days ago
Viewed 89 times
0

For st-ycrv I know it is boosting yCRV behind the screen so when withdrawing I can get more ycrv. Is it true for lp-ycrv as well?

asked 1049 days ago

1 Answers

Yes, it is true for lp-ycrv as well. The lp-ycrv vault is a yield farming vault that allows users to deposit their crv/ycrv lp tokens and earn additional rewards in yCRV. By depositing their crv/ycrv lp tokens into the lp-ycrv vault, users are able to boost their yCRV holdings behind the scenes and withdraw more yCRV than they would have been able to otherwise. This is because the lp-ycrv vault compounds the deposited crv/ycrv lp tokens, allowing users to earn additional rewards in yCRV. As a result, users are able to withdraw more yCRV than they would have been able to without depositing their crv/ycrv lp tokens into the lp-ycrv vault.
answered 1049 days ago
0
The deposit token for the lp-ycrv vault is the crv/ycrv lp token on crv so it is compounding into that
answered 1049 days ago

Subscribe to our newsletter

* indicates required

Thank you for subscribing!