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Convex Finance

Convex Finance

CVX
#1309
$1.9333Down 0.62 percent($0.01)

Key Stats

Market Cap$193.32MDown 0.62 percent
Volume (24h)$2.64M
Fully Diluted Value$193.33M
Vol/Mkt Cap (24h)1.36%
Total Supply99.99M CVX
Max Supply100.00M CVX
Launch Date2021-05-17
Built OnETH
Token StandardERC20
Smart Contract Address0x4e3f…9d2b
Decimal Places18

Convex Finance Information

Websites
www.convexfinance.com
Block Explorers
etherscan.io
Industries
Yield Optimization

Convex Finance Price Converter

Convex FinanceCVX
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Latest Convex Finance News

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Convex Finance Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Convex FinanceUSDT logo
CVX-USDT
CVXUSDT
binance logobinance
AA
1.89USDT
-6.01%
Convex FinanceUSD logo
CVX-USD
CVX-USD
coinbase logocoinbase
AA
1.89USD
-6.05%
Convex FinanceUSD logo
CVX-USD
CVXUSD
kraken logokraken
AA
1.89USD
-6.00%
Convex FinanceUSDT logo
CVX-USDT
CVX_USDT
whitebit logowhitebit
BB
1.90USDT
-5.77%
Convex FinanceUSDT logo
CVX-USDT
CVX-USDT
kucoin logokucoin
BB
1.89USDT
-5.86%

Convex Finance Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
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.

Frequently Asked Questions

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.