Convex Finance CVX

1. Summary

Ranks

Liquidity

99

Developer

-

Social

84

Momentum (beta)

96

Stack Rank™

-

Price

$3.72 +11.8%

Market Cap

$303.34M (#201)

Supply

81.99M / 99.79M

Tags

DeFi Yield Aggregator Ethereum Ecosystem Metagovernance Curve Ecosystem Yield Optimizer

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Price
52W High price	$5.48
52W High date	7th Mar 2024 (1 year ago)
All Time High (ATH) Date	1st Jan 2021 (3 years ago)
ATH Price	$60.09
% From ATH	-94.81%
All Time Low (ATL) Date	4th Nov 2024 (6 months ago)
ATL Price	$1.44
% From ATL	116.7%

Supply & Trading Volume
Trading Volume (24h)	$28.22M
Total Supply	99.79M
Max Supply	100.00M
Circulating Supply	81.99M

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Description

Convex is a decentralized finance (DeFi) protocol designed to simplify and optimize the yield generating experience for Curve liquidity providers and CRV stakers. It allows Curve liquidity providers to earn trading fees and boosted CRV without needing to lock the CRV tokens themselves. By depositing Curve-based tokens, such as CRV and LP tokens, in...

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Convex is a decentralized finance (DeFi) protocol designed to simplify and optimize the yield generating experience for Curve liquidity providers and CRV stakers. It allows Curve liquidity providers to earn trading fees and boosted CRV without needing to lock the CRV tokens themselves. By depositing Curve-based tokens, such as CRV and LP tokens, into Convex, users can maximize their CRV earnings with a more efficient boost.

Convex lets CRV stakers earn trading fees and a share of the boosted CRV received by liquidity providers, promoting better capital efficiency and balance between liquidity providers and CRV stakers. The platform's governance is facilitated through vote-locking its native token, CVX, which generates vlCVX. CVX token holders can receive additional rewards and influence how Convex allocates its veCRV reserves by locking their tokens.

CVX tokens are minted whenever CRV is claimed by Convex's liquidity providers and are distributed to CRV stakers and liquidity providers based on their deposits. The token has a maximum supply of 100 million, with 50% dedicated to rewarding users for depositing CRV and the remaining 50% allocated to various use cases, including liquidity mining, development team, and treasury reserves.

By unlocking the collective bargaining power of its users through centralized control of veCRV, Convex enhances yield farming for Curve users and supports additional services for Frax Finance.

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