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Convex Finance

CVX

Convex Finance

DeFi protocols

convexfinance

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Categories:

DeFi

Yield optimizer

Ecosystem:

Ethereum

Founded:

2021

Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with improved capital efficiency and positions Convex Finance as a key player in the Curve wars.

Convex Finance Team

Convex Finance

CVX

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This pair has very low liquidity, which may result in significant price fluctuations.

Total dollar volume24H

$28,312,640

High24H

$2.51017

Low24H

$2.51017

Market Cap

#179$205,810,487

FDV

$250,495,886

Market Cap / FDV Ratio

0.82

Turnover rate

13.76%

Circulating supply

81,990,703

Total supply

99,915,490

Max supply

100,000,000

All time high

$46.27643

All time high date

Jan 14, 2022

Down from All time high

-94.58%

Cycle low

$1.91442

Cycle low date

Oct 05, 2024

Up from cycle low

31.12%

Contracts

Etherscan:0x4e...9d2b

Official links

Website

White paper

Socials

Twitter

Introduction

Convex Finance (CVX) is an integral token within the Convex Finance ecosystem, a decentralized platform designed to optimize and enhance yield farming on the Curve Finance protocol. As an optimizer for Curve's liquidity pools, Convex Finance aims to provide users with increased rewards and reduced complexities typically associated with yield farming activities.

The primary utility of CVX lies in its governance capabilities, allowing token holders to propose and vote on protocol upgrades or changes. Moreover, CVX is used as a staking token, with stakers receiving a share of the platform's fees and boosted CRV rewards. This incentive structure is crafted to align the interests of liquidity providers, stakers, and the broader Convex community.

By simplifying the process of participating in Curve pools and offering boosted yields, Convex Finance has managed to attract significant liquidity since its inception. Its unique approach of wrapping Curve's LP tokens and automating the reinvestment process has led to increased efficiency for its users.

Above are only for introduction, not intended as investment advice.

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