veCRV & Gauge Wars
Lock CRV tokens for up to 4 years to get veCRV — voting power that directs CRV emissions to liquidity pools. This mechanism sparked the "Curve Wars," where protocols compete to control gauge emissions worth hundreds of millions per year.
CRV Lock Calculator
veCRV Received
10,000
Voting Power %
0.002%
Boost Multiplier
2.50×
Weekly Revenue Share
$12.50
veCRV = CRV × (lock_time / 4 years). Lock 10,000 CRV for 4 years → 10,000 veCRV. Lock for 1 year → 2,500 veCRV. Your veCRV decays linearly toward zero as the lock expiration approaches.
Gauge Weight Voting Simulator
veCRV holders vote to direct CRV emissions across liquidity pools. Drag the sliders to allocate your votes. Pools with more votes get more CRV rewards, attracting more liquidity.
3pool (USDC/USDT/DAI) 30% 4.2% APR
stETH/ETH 25% 5.1% APR
FRAX/USDC 20% 3.8% APR
tricrypto (USDT/WBTC/ETH) 15% 6.3% APR
crvUSD/USDC 10% 3.2% APR
Weekly CRV Emissions
5,000,000 CRV
CRV Price
$0.50
Total Votes Used
100%
The Curve Wars: How Protocols Compete
Convex Finance
Accumulates CRV from depositors, locks it permanently as veCRV, and votes on gauges. Convex controls ~50% of all veCRV.
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Bribe Markets
Protocols pay vlCVX holders (Votium, Hidden Hand) to vote for their pool's gauge. $1 of bribes can direct $3-5 of CRV emissions.
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Deep Liquidity
More CRV emissions → higher APR → more LPs → deeper liquidity → lower slippage for the protocol's token.
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Peg Stability
For stablecoins (FRAX, crvUSD, etc.), deep Curve liquidity is existential — it maintains the peg under selling pressure.
Bribe ROI Calculator
How much should a protocol pay in bribes to direct CRV emissions to their pool?
veCRV Votes Bought
1,000,000
CRV Emissions Directed
125,000 CRV
Emissions Value
$62,500
Bribe ROI
1.25×