Yearn CRV wallet

What is Yearn CRV (YCRV)?

yCRV is the entry point into Yearn's version of locked CRV. Behind it sits CRV that Yearn has locked into Curve's vote-escrow system permanently - locking is one-way, so the CRV underneath is not coming back out as CRV. yCRV is the liquid, transferable representation of that locked stack.

The detail that trips people up: the base yCRV token deliberately does nothing. It carries no accrual of its own. It is the neutral form you hold in order to move into one of the activated versions, st-yCRV or lp-yCRV, which are the tokens that actually participate in the system. Someone who buys yCRV and leaves it sitting has the exposure but none of the mechanics. That is by design, not a bug, and it is why yCRV is easy to hold and easy to hand between the other forms.

A few things worth knowing before you park it:

• yCRV is redeemable for CRV only through the market, never by unlocking; the lock is permanent.
• It replaced Yearn's earlier yveCRV token, and holders were given a migration path. If you are looking at an old balance, check which token you actually have.
• Moving it, or converting between yCRV and the activated tokens, costs ETH for gas like any Ethereum token.

Supported networks in Tangem (1): Ethereum. The base token is a position people typically hold across long stretches without touching, and Tangem suits that pattern: the signing key is generated on the card and never leaves the chip, with a duplicate card kept apart as the recovery route rather than a phrase on paper unless you want one. Holding a claim on permanently locked CRV deserves a key with the same kind of permanence.