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CVX

Convex Finance

$2.1419
4.69%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #202
$167,946,190
Volume (24h) #273
$9,890,951
Supply (Circ. / Total / Max)
78.41M / 99.87M / ∞
Launch Date
2021-05-17
Built On
ETH
Token Standard
ERC20
Smart Contract Address
0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b
Decimal Places
18

Convex Finance Price Converter

Convex Finance

Convex Finance Information

Resources

WebsitesWebsiteBlog
Block Explorersetherscan.io
Code Repositoriesgithub.com/convex-eth/platform
Industries
DeFi
Yield Farming
Governance
Communitiestwitter.com

Convex Finance Supported Platforms

CVXERC20ETH0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b2021-05-17

About Convex Finance

Convex Finance (CVX) is a DeFi protocol on the Ethereum blockchain that enhances staking rewards and yield optimization for CRV token holders and Curve liquidity providers. By staking with Convex, users can potentially receive increased CRV and liquidity mining rewards. CVX, the native platform token of Convex Finance, functions as an ERC-20 governance token. It can be staked on Convex Finance, allowing users to potentially earn a portion of Curve and Frax LP’s CRV and FXS earnings.

Convex Finance (CVX) is a decentralized finance (DeFi) protocol on the Ethereum blockchain, primarily aligned with Curve Finance. Its role is to enhance staking rewards and yield optimization for CRV token holders and Curve liquidity providers. The platform is noted for its approach to decentralized asset management, utilizing proof-of-stake mining and liquidity pools to distribute rewards​

Convex Finance facilitates Curve liquidity providers to earn a share of trading fees on Curve without the necessity of direct staking on the Curve platform. By staking with Convex, users can potentially receive increased CRV and liquidity mining rewards. The platform's design is intended to streamline the staking process and maximize potential returns for its users, but as with any DeFi protocol, it's important to recognize the inherent risks and volatility in such platforms​​​​.

CVX, the native platform token of Convex Finance, functions as an ERC-20 governance token. It can be staked on Convex Finance, allowing users to potentially earn a portion of Curve and Frax LP's CRV and FXS earnings. The process involves the tokenization of platform fees into cvxCRV and cvxFXS, which are then distributed to CVX stakers. While this system offers a way for users to participate in the governance and benefit from the platform's strategies, it's important to acknowledge the market risks and the fluctuating nature of rewards in the DeFi space.