Buy veCRV-DAO yVault (YVE-CRVDAO)
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.
Coin Contract Addresses
Related Assets
Resources
Learn More About veCRV-DAO yVault
Frequently Asked Questions (FAQs)
What is the current price of veCRV-DAO yVault (YVE-CRVDAO)?
The veCRV-DAO yVault price is $1.0131 AUD, representing a -4.53% from the day prior.
Where is the best place to buy veCRV-DAO yVault (YVE-CRVDAO) in Australia?
The best place to buy veCRV-DAO yVault (YVE-CRVDAO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell veCRV-DAO yVault (YVE-CRVDAO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of veCRV-DAO yVault (YVE-CRVDAO)?
The trading volume of veCRV-DAO yVault (YVE-CRVDAO) is $0 AUD in the last 24hrs, representing a -4.53% from the day prior.
How can I buy veCRV-DAO yVault (YVE-CRVDAO)?
veCRV-DAO yVault (YVE-CRVDAO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of veCRV-DAO yVault (YVE-CRVDAO)?
The current market cap of veCRV-DAO yVault (YVE-CRVDAO) is $0 AUD.
Can I convert veCRV-DAO yVault (YVE-CRVDAO) to cash?
Yes - With Coinstash you can convert your veCRV-DAO yVault (YVE-CRVDAO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many veCRV-DAO yVault (YVE-CRVDAO) are there?
The current circulating supply of veCRV-DAO yVault (YVE-CRVDAO) is 0.
Is Coinstash a safe place to buy veCRV-DAO yVault (YVE-CRVDAO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling veCRV-DAO yVault (YVE-CRVDAO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.