### What is veCRV-DAO yVault?

The veCRV-DAO yVault, also known as the "Backscratcher," is a vault within the Yearn Finance ecosystem designed to optimise rewards for users holding Curve Finance's CRV tokens. It allows users to lock their CRV tokens to earn a perpetual share of Curve's boosted fee rewards through a streamlined and automated process.

### How does veCRV-DAO yVault work?

- **CRV to yveCRV Conversion:** Users deposit CRV tokens into the veCRV-DAO yVault and receive yveCRV tokens in return. These yveCRV tokens represent a locked perpetual stake in Curve's fee distribution.
- **Boosted Rewards:** The vault aggregates CRV deposits to enhance the fee rewards by leveraging the voting power of veCRV. This increases the rewards distributed to participants.
- **Rewards Distribution:** Accumulated rewards are distributed every Friday in the form of 3Crv tokens (Curve's 3pool LP tokens). 
- **Irreversible Lock:** Depositing CRV into the veCRV-DAO yVault is non-reversible. Once CRV is converted to yveCRV, it remains locked in Curve's voting escrow permanently.

### What are the potential use cases for veCRV-DAO yVault?

#### Applications:
- **Enhanced Yield Generation:** Allows users to earn higher returns on their CRV holdings through boosted fee rewards.
- **Simplified Reward Collection:** Automates the process of collecting and distributing rewards for passive income.
- **Governance Participation:** Holding yveCRV tokens may provide governance rights within the Yearn ecosystem.

#### Industries:
- Decentralized Finance (DeFi)
- Cryptocurrency yield farming
- Blockchain governance

### What is the history of veCRV-DAO yVault?

#### Founding:
The veCRV-DAO yVault was introduced by Yearn Finance to optimise synergies with Curve Finance. It provides an efficient mechanism for users to maximise rewards on their CRV tokens through collective boosting strategies.

#### Milestones:
- Launched as a key component of Yearn Finance's integration with Curve Finance.
- Continues to operate as a tool for optimising CRV returns and simplifying user participation in the Curve ecosystem.

### Key Features:
- **Integration with Curve:** Enhances the earning potential of Curve users.
- **Automated Yield:** Streamlines the process of earning and distributing rewards.
- **Non-Reversible Locking:** Provides a dedicated mechanism for long-term CRV reward maximisation.

The veCRV-DAO yVault represents an innovative approach to combining yield farming with governance, delivering value to participants while supporting the broader DeFi ecosystem.


veCRV-DAO yVault

Deposits and withdrawals are not currently available for this coin.

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