Understanding cvgSDT
Last updated
Last updated
SDT can be locked on Stake DAO up to 4 years, in order to boost staking positions and gain voting power. Learn more on the Stake DAO documentation.
cvgSDT is a liquid tokenized version of locked SDT. Each SDT deposited on Convergence is locked forever on the Stake DAO voting escrow contract. cvgSDT is minted at a 1:1 rate each time a user deposits SDT.
Converting SDT to cvgSDT is irreversible. However, a cvgSDT/SDT pool exists on Curve. This pool is, and will be maintained by Convergence.
Staking cvgSDT allows users to claim veSDT native rewards, SDT, and CVG rewards.