Convex Finance
Price
CVX
About Convex Finance
CVX is short for Convex Finance. It's an Ethereum-based coin and used as a token on the Curve.fi platform. This is an automated market marker and decentralized exchange platform that hosts groups of similar assets, making it simple to switch between ERC-20 tokens, mainly Ethereum-based Bitcoin tokens, e.g., renBTC and WBTC, and stablecoins such as the DAI and USDC
How it works
CVX is a virtual currency hosted on Ethereum, and you can invest in it just like other currencies. In fact, it's an excellent 1-years investment with an earning potential above 35.76% in 12 months. To earn a CVX, you either buy it or deposit assets into the liquidity pool in exchange for reward tokens, i.e., yield farming. Your assets will also earn interest, and you are what is called a curve liquidity provider. That means you have voting rights and stuff like you get a say on what updates should be made on the platform.
Keeping an eye on the weekly winners can help investors identify which coins are beginning to see increased traction in the crypto community.
Keeping an eye on the weekly winners can help investors identify which coins are beginning to see increased traction in the crypto community.
With more than 17,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US stocks.
With more than 17,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US stocks.
DeFi 2.0 is promising to further evolve DeFi as many know it. But what are the best DeFi 2.0 cryptos to get ahead of the curve?
DeFi 2.0 is promising to further evolve DeFi as many know it. But what are the best DeFi 2.0 cryptos to get ahead of the curve?
The persistent threat of stablecoin regulation and the centralized nature of USDT and USDC are stimulating the growth of decentralized stablecoins. Digital coins that are pegged to USD appear to be under serious threat as US Fed had a strong discussion to regulate such assets. Interestingly, decentralized stablecoins such as UST, MIM, and Frax have …
The persistent threat of stablecoin regulation and the centralized nature of USDT and USDC are stimulating the growth of decentralized stablecoins. Di
Quick Take Curve is the largest DeFi protocol by value locked, and liquidity providers (LPs) on Curve are rewarded with CRV tokens. CRV can be locked to boost LP rewards, earn protocol revenue, and vote on proposals related to reward allocation. Convex and Votium are tools built on top of Curve that increase the economic efficiency of locked CRV tokens. More than 80% of value locked on Curve originates from Convex.
Quick Take Curve is the largest DeFi protocol by value locked, and liquidity providers (LPs) on Curve are rewarded with CRV tokens. CRV can be locked
The Convex Finance (CVX) token grows more than 50% with the breakout of the consolidation range in the daily chart. Moreover, the price action forms a bullish continuation pattern, i.e.
The Convex Finance (CVX) token grows more than 50% with the breakout of the consolidation range in the daily chart. Moreover, the price action forms a
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CVX
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