Boosting your CRV rewards
This guide assumes the reader has already provided liquidity and is currently staking LP tokens on the DAO gauge.
One of the main incentives for CRV is the ability to boost rewards on provided liquidity. Vote locking CRV enables the acquisition of voting power to participate in the DAO and earn a boost of up to 2.5x on the liquidity provided on Curve.
For questions about how the vote locking boost works, click below:
Boosting your CRV rewards
Figuring out the required boost¶
The first step to getting rewards boosted is to determine the amount of CRV needed for lock. Each gauge has different requirements, meaning some pools are easier to boost than others. This depends on the amount others have locked and the liquidity gauge's capacity.
The calculator can be found at this address: https://dao.curve.fi/minter/calc
Locking CRV¶
After determining how much and for how long to lock, visit the following page: https://dao.curve.fi/locker
Enter the amount to lock and select the expiry. Remember, locking is not reversible. The amount of veCRV received will depend on the amount and duration of the vote lock.
A lock can be extended, and CRV can be added to it at any point, but having CRV with different expiry dates is not possible.
After creating a lock, the next step is to apply the boost.
Applying the boost¶
Proceed to the minter page: https://dao.curve.fi/minter/gauges
If the new boost is visible after 'Current boost:', then no further action is required.
If the current boost hasn't updated, it may be necessary to claim CRV from each of the gauges where liquidity is provided to update the boost. After doing so, the boost should be visible.
The boost will not be updated until a withdrawal, deposit, or claim is made from a liquidity gauge.
Boost Info¶
The list of pools and boost/reward information has been relocated from the minter page. This information can now be found on each pool page on the classic.curve.fi site.
Alternatively, this information is also available in the new UI (curve.fi) under the "Your Details" section on the pool page. Note: The new UI does not display future boost yet.
Visit the old or new dashboard to see all your pools!
Formula¶
The boost mechanism calculates the earning weight of the liquidity you provide to pools. If you have enough voting weight (veCRV) you will be able to boost the earning weight of the liquidity you provide by up to 2.5x. This means if you have a boost of 2.5x and deposit $10,000 of value to a pool your rewards are for $25,000 of value in the pool. The formula for calculating your boost (\(B\)) is given below. \(B\) has a maximum of 2.5 so if the formula gives a value greater than 2.5 then your boost is 2.5.
Where:
- \(B\) is your rewards boost (if it's more than 2.5 it just equals 2.5)
- \(d\) is the value you deposited to pools (e.g. 10,000 if you deposit 4 ETH worth $2500 each)
- \(D\) is the total value deposited to Curve (TVL), it's shown as Total Deposits at the top of the curve.fi homepage
- \(v\) is the amount of veCRV you have (vote weight)
- \(V\) is the total veCRV in the system (total vote weight) click here to find the current amount