Article Summary, Automatically Generated By AI
Summary of Stake DAO CRV
- Stake DAO created a liquid locker for CRV token, called sdCRV, allowing users to deposit, stake, or buy on the secondary market.
-
Liquid Lockers unlock:
- Maximised yield
- Exit liquidity (convert back to underlying governance token)
- Governance power (no vote-lock)
- Bribing (sell your votes)
- Cross-chain accessibility (to come)
- Boost your voting power (using veSDT)
- Liquid Lockers allow DeFi users to unlock power from lockable tokens (e.g. ANGLE
Introducing Stake DAO CRV: Unlocking the Power of Decentralized Finance
Stake DAO has successfully created a liquid locker for the CRV token, the governance token of Curve, dubbed sdCRV. Notably, as sdCRV represents a liquid form of veCRV, users are afforded the flexibility to either deposit and stake directly on Stake DAO or acquire it on the secondary market via the sdCRV/CRV pool.
TL;DR: Liquid Lockers empower users to unlock a multitude of benefits from lockable tokens, including: Maximizing yield, Exiting liquidity (converting back to the underlying governance token), Wielding governance power (without vote-locking), Engaging in bribing (selling votes), and Enjoying cross-chain accessibility (coming soon), as well as Amplifying voting power (via veSDT).
What are Liquid Lockers? Stake DAO Liquid Lockers empower DeFi users to harness the full potential of lockable tokens (such as ANGLE, FXS, and CRV) without sacrificing yield, voting power, or liquidity. By leveraging Stake DAO Liquid Lockers, asset suppliers can maximize their yield boost while retaining full voting rights and benefits within their token’s native protocol. Moreover, they can amplify their voting power, resell their tokens, and seamlessly exit their position, reverting back to the underlying token.