Curve Founder Michael Egorov Extends veCRV Lock-Up to Full Four Years

April 11, 2025
The veCRV system allows CRV holders to lock their tokens to gain governance power and protocol rewards

Michael Egorov, founder of Curve Finance, has extended the lock-up period for all his vote-escrowed CRV (veCRV) to the maximum duration of four years, signaling long-term commitment to the protocol despite past controversies and security incidents.

Background

  • On April 11, Michael Egorov publicly announced via X that he had renewed the lock on all his veCRV holdings for another four years, until 2029.
  • This strategic move reinforces his confidence in the protocol's future direction and long-term sustainability.
  • The veCRV system allows CRV holders to lock their tokens to gain governance power and protocol rewards, with the four-year lock granting the highest benefits.
  • Egorov’s decision, accompanied by an on-chain transaction record, comes amid a critical period for Curve as it continues to recover from past vulnerabilities and aims to maintain its role as a foundational layer in the DeFi space.

Why should you pay attention?

  • This renewed lock-up from Egorov has real governance implications. By committing to a long-term lock, the Curve founder is aligning with stakeholders calling for transparency and accountability in DeFi leadership.
  • It also suggests a vote of confidence in the project’s resilience following significant challenges, including a major 2023 exploit and concerns over centralization.
  • For veCRV holders, the move may signal a renewed focus on stability, longevity, and incentive alignment within Curve’s governance structure.

Who said what?

  • Michael Egorov, Curve Founder: “Extending all my veCRV locks to 4 years again,” he stated on X, also sharing the transaction hash to prove the update.
  • Curve Technical Docs explain that the veCRV mechanism rewards users with governance power and protocol incentives in return for long-term token commitment.

Zooming out

  • Egorov’s latest move may represent a turning point in Curve’s leadership narrative.
  • While previous decisions have sparked controversy over protocol control and centralization, this long-term lock-up may help rebuild community trust.

.Other Related Read/Listens

Opening MetaMask...
Confirm connection in the extension

The current connected wallet does not hold a LARP. To get access to the Meal Deal please connect a wallet which holds a LARP. Alternatively, visit Opensea to purchase one or visit Join the Meal Deal to purchase a subscription

Go to Meal Deal
join us