Convex CRV Price Chart Update [CVXCRV]

The CVXCRV price update as of now is $0. In the previous 24 hours, its trading volume was $0, and its value has increased by %. As of now, CVXCRV's live market cap is $0, and it is ranked as the #18977 on the Coincu. CVXCRV has a circulating supply of 379,257,450 and a maximum supply of 379,257,450.

Overview of Convex CRV (CVXCRV)

Convex CRV, also known as CVXCRV, is a cryptographic version of veCRV that is used for voting in the Convex Finance ecosystem. It is a CRV token that generates revenue for investors through the Convex protocol and Curve's administration fees.

Convex Finance was initially developed to optimize and empower users of Curve.fi. The unique token model of Convex CRV has gained significant success in the DeFi space, leading to the emergence of similar protocols with token-blocking or updating mechanisms.

Key Features of Convex Finance

Convex Finance offers a range of features to enhance the user experience on Curve, one of the oldest Automated Market Makers (AMMs). The platform provides various utilities for Liquidity Providers, CRV stakers, and CVX stakers.

Liquidity Providers

The Convex Finance platform allows Liquidity Providers to earn rewards from trading fees and claim enhanced CRV without locking their CRV tokens. Additionally, Liquidity Providers receive enhanced CRV and mining rewards based on their contributions.

• Deposit Curve tokens LP into Convex Finance to automatically stake them and earn more rewards.
• Earn rewards in the form of CRV and other tokens such as SNX, PNT, BOR, LDO, etc.
• Periodically receive rewards from Curve Gauge and transfer them to the Reward Contract, inspired by Synthetix. Rewards are released after 7 days.
• Add and withdraw liquidity easily without costly deposit/withdrawal fees.
• Receive CRX coin, Convex's cryptocurrency, based on the received CRV.

CRV Stakers

Convex Finance rewards participants who stake CRV with an enhanced amount of CRV coins on the platform. This makes Convex Finance an ideal destination for those looking to stake CRV while maintaining liquidity.

• Lock CRV coins permanently by sending them to Convex and receive CVXCRV in return.
• Deposit CVXCRV into the Reward Contract and withdraw it at any time.
• Receive a portion of the rewarded CRV coins.
• Benefit from the same transaction fees as veCRV holders.
• Exchange locked CRV coins in the CVXCRV/CRV Pool.
• Acquire CVR coin.

CVX Stakers

When investors participate in CVX coin staking, they receive transaction fees in the form of CVXCRV.