Token vote locking has been all the rage for quite some time now. Pioneered by Curve, protocols like Ribbon, Yearn, Hundred Finance and many more adopted the model. While there are definitely advantages, the downsides are rarely talked about. Instead, it seems like every week a new project team announces their switch to a ve token design, which is seen as a cure-all for everything from low TVL to bad price performance. Let me play d̶e̶v̶i̶l̶’̶s̶ bear’s advocate: What’s bad about ve tokens and...