What does it cost to use Curvance?
To further strengthen the growth of the Curvance protocol and incentivize vote locking, a platform fee of 15% will be taken from deposited assets' yield generated. Yield harvesters will utilize an additional 1% to compound user positions and boost yields via compound interest.
An example of how this would look is that a user deposits cvxCRV as a collateral asset, which will automatically be directed back to Convex Finance to earn interest (~30% APR). Once the pool yield generated is sufficient, rewards will be claimed, with 84% being converted to cvxCRV and 16% (15% to veCVE locker, 1% to harvester) converted to WETH. This would result in an APR of 25.5% on Curvance, though auto compounding and any additional CVE token emissions will overcompensate for this offset.
This platform fee will redistribute back to veCVE holders in proportion to the amount they hold versus the amount of veCVE in existence as WETH. If 100 veCVE is all that exists and a user owns 1 veCVE, they would earn 1% of the total platform fees distributed.