Hi - my name is Tom Logue and subscribing to The Defiant has been some of the best money i've ever spent. I'm pretty sure this isn't the best place to ask my question but I haven't been able to find anyone to provide an answer. With that being said, my question is about the yveCRV vault on yearn finance. If I deposit 150 CRV today (7/7) into the yveCRV vault I receive 150 yveCRV however CRV's current price is 2.05 and yveCRV's is 1.49 (according to Sushiswap). That conversion there a lot creates a permanent loss of capital, correct? What am I missing here and why would anyone ever convert their CRV to yveCRV?
Hi - my name is Tom Logue and subscribing to The Defiant has been some of the best money i've ever spent. I'm pretty sure this isn't the best place to ask my question but I haven't been able to find anyone to provide an answer. With that being said, my question is about the yveCRV vault on yearn finance. If I deposit 150 CRV today (7/7) into the yveCRV vault I receive 150 yveCRV however CRV's current price is 2.05 and yveCRV's is 1.49 (according to Sushiswap). That conversion there a lot creates a permanent loss of capital, correct? What am I missing here and why would anyone ever convert their CRV to yveCRV?