yCRV FAQ

Launch and Migration

When will yCRV launch?

Contracts are live, you can find relevant addresses here.

Should I migrate now from yveCRV and yvBOOST?

Yes! Incentives have moved to the new system. yveCRV and yvBOOST will no longer receive yield.

What happens to yveCRV and yvBOOST?

yveCRV and yvBOOST are being deprecated, and there is a migration path available to users. yCRV can be minted 1:1 from yveCRV. yCRV can be minted 1 * pricePerShare of yvBOOST at the time of migration. There will be a migration zap available to all users to make this easy.

Will I get rewards if I don't migrate?

No. After the cut-over date, all incentives will move to the new yCRV system.

Is there a deadline for migration?

Nope! You can migrate anytime in the future. Contracts are trustless and migrations cannot be stopped.

How are Curve DAO governance votes handled in this system?

The Yearn governance multisig will retain the sole ability to cast votes in the Curve DAO. They will do so with close consultation with the Crypto Risk Team and other Curve DAO stakeholders to ensure risk is properly assessed and all votes promote the long-term interests of the Curve DAO. While it is possible that the yCRV system can be upgraded to someday grant these voting rights to yCRV token holders (only if enforcing a sufficiently long lock time), there is no current plan to do so.