3cvxCRVg
NFT details.
Name:
Address:
Type: ERC-721.
Hard Cap: Defined by available 3cvxCRVs receipts and the selected lot sizes.
Overview.
NFT formatted deposit receipt for 3cvxCRVg staked into the cvxCRVg CDPs NFT engine.
NFTs from this collection are minted according to a set lot size (a 'lot' being a specific number of assets). Lot size requirements have been set according to CRV's hard-cap.
Lot sizes.
3.NFTs may be minted from seven (7) different lot sizes; referenced as 'Power Level's' to indicate their revenue potential based upon the number of assets controlled.
Power levels and their corresponding lot size requirements:
Level 1 - 33 receipts
Level 2 - 330 receipts
Level 3 - 3,300 receipts
Level 4 - 33,000 receipts
Level 5 - 330,000 receipts
Level 6 - 3,300,000 receipts
Level 7 - 33,000,000 receipts
Each receipt corresponds to 1 CRV token permanently locked within the integrated protocol.
Issuance.
cvxCRVg NFT receipts are minted and issued by the cvxCRVg CDP NFT engine on receipt of the correct number of deposit receipts for the selected lot size and amount.
Receipts issued against specific lot sizes may only be redeemed against the same number of deposit receipts associated to the supplied lot size.
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