Convex FPIS

1. Summary

Ranks

Liquidity

-

Developer

-

Social

83

Momentum (beta)

0

Stack Rank™

-

Price

$0.59 0.0%

Market Cap

$0.00 (#11571)

Supply

/

Tags

Ethereum Ecosystem

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Price
52W High price	$6.98
52W High date	10th Dec 2023 (1 year ago)
All Time High (ATH) Date	29th Nov 2024 (4 months ago)
All Time Low (ATL) Date	29th Nov 2024 (4 months ago)

Supply & Trading Volume

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Description

Convex FPIS is a decentralized, multichain platform operating on the Ethereum, Arbitrum, and Polygon blockchains. It enhances staking rewards via yield optimization for CRV token holders and liquidity providers on the Curve Finance exchange.

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Convex FPIS is a decentralized, multichain platform operating on the Ethereum, Arbitrum, and Polygon blockchains. It enhances staking rewards via yield optimization for CRV token holders and liquidity providers on the Curve Finance exchange.

Unique Features

• Offers single-sided staking for cvxFXS, redirecting the 10% platform fee from cvxFXS+FXS liquidity pool to single-side staking.
• Provides a tokenized version of veFPIS, cvxFPIS, enabling liquidity providers to participate in enhanced staking rewards.
• Allows for socialized boosting and time-boosted earning potential for veFXS and veFPIS token holders.

History

• Convex Finance was established as a decentralized, multichain platform.
• A proposal was passed on February 8, 2023, to introduce single-sided staking for cvxFXS.
• The platform has continued to expand its services, including the introduction of cvxFPIS for Frax liquidity providers.

Future Developments

• Ongoing commitment to enhancing accessibility and boosting rewards for users through yield optimization and staking features.

Token Usage

• The Convex FPIS token (CVXFPIS) enables users to participate in staking and yield optimization on the Convex Finance platform, providing potential for increased returns through time-boosted earning mechanisms.
• Users can deposit and stake veFPIS tokens on Convex to create vaults and participate in the staking process, mirroring the process for cvxCRV and cvxFXS.

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