Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Convex Finance

coin.price_trendingCVX

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
CVX
VectorImg
USD
1 CVX = 1.57 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.4
rating.person
rating.des

coin.about_title

What Is Convex Finance?

Convex Finance is a DeFi platform on Ethereum that allows Curve.fi liquidity providers to earn yields without locking the token. It operates as a yield optimizer, significantly benefiting Curve's liquidity providers and token holders by offering enhanced DeFi yields. The platform has carved a niche for itself by focusing on boosting Curve staking rewards, a strategy that has propelled it to remarkable success.

Convex Finance primarily targets two groups: CRV token holders and Curve liquidity providers, offering them a streamlined pathway to accrue additional interest rewards and Curve trading fees on their tokens. This singular focus on boosted rewards has positioned Convex as a formidable player in the DeFi space, facilitating both small and large stakeholders to maximize their returns without the complexities associated with Curve's native platform.

Resources

Official Documents: https://docs.convexfinance.com/

Official website: https://www.convexfinance.com/

How Does Convex Finance Work?

To comprehend the workings of Convex Finance, one must first understand the underlying structure of Curve Finance and the role of veCRV tokens. Curve, a decentralized exchange with a penchant for stablecoins, offers a lucrative reward structure where liquidity providers are issued CRV tokens, which can be converted into veCRV (vote-escrowed CRV) for governance participation, boosting rewards, and earning trading fees.

Convex Finance aggregates the assets of all its users to acquire more CRV tokens, which are then converted into veCRV to maximize the rewards for all Curve LP token holders. This collaborative approach ensures that regardless of the amount of your stake in a Curve pool, you can reap the maximum reward boost through Convex. The platform offers a multi-faceted pathway to passive income, including base rate interest, a share of Curve platform trading fees, Convex-boosted CRV rewards, and additional earnings through CVX tokens via Convex liquidity mining.

Furthermore, Convex Finance extends its benefits to CRV token holders who are not liquidity providers. By staking CRV tokens on Convex, users receive cvxCRV in return, which entitles them to a plethora of rewards including veCRV rewards from Curve exchange, a portion of Convex platform earnings, additional CVX tokens, and access to airdrops for veCRV holders.

What Is CVX Token?

The CVX token, the native cryptocurrency of Convex Finance, functions as a utility token facilitating users to earn a share of the platform's fees. By staking CVX tokens, users receive cvxCRV tokens, which in turn increase in value as the platform's revenue escalates. In the foreseeable future, CVX tokens are slated to play a pivotal role in governing the Convex Finance platform, further enhancing its utility and value in the DeFi ecosystem.

CVX has a maximum supply of 100 million, with a significant portion allocated for CRV rewards and liquidity mining. The CVX token has exhibited a bullish trajectory since its inception, promising substantial returns for both short-term and long-term investors, despite the inherent fluctuations in the cryptocurrency market.

Convex Finance's Impact on Finance

Convex Finance has significantly influenced the financial sector, particularly in the realm of decentralized finance. Its aggressive strategy to lock up substantial Curve liquidity has catapulted it into a fierce competition with Yearn Finance, as both platforms vie for a larger share of CRV tokens to escalate interest rates for Curve LPs.

Looking ahead, Convex Finance harbors the potential to further expand its offerings, potentially integrating with other similar platforms to enhance liquidity and investor activity. The platform's governance structure is also expected to evolve, offering greater control to token holders through community governance, thereby fostering a more inclusive and decentralized financial ecosystem.

What Determines Convex Finance's Price?

In the dynamic world of cryptocurrency, many investors are keenly eyeing the Convex Finance (CVX) price today to gauge the potential trajectory of this promising DeFi protocol. A critical aspect that determines the CVX token price is its intrinsic utility within the Convex Finance ecosystem. As a pivotal tool that facilitates enhanced yield farming rewards, the CVX token has carved a niche for itself, fostering robust demand. Moreover, the Convex Finance market cap and liquidity mining prospects significantly influence the CVX crypto price, with investors keenly analyzing the Convex Finance (CVX) price chart to discern potential investment opportunities.

When it comes to CVX price analysis, several factors come into play. The Convex Finance historical price data reveals a trajectory marked by both bullish phases and corrections, a testament to the vibrant and ever-evolving nature of the cryptocurrency market. Investors and analysts often turn to platforms like Bitget to delve deep into comprehensive data analysis, including CVX/USD price trends and CVX price live updates. These platforms offer a wealth of information, aiding in crafting informed Convex Finance price predictions based on various market indicators and news updates.

Looking ahead, the Convex Finance price forecast seems to hinge on a myriad of factors including market sentiment, the broader trajectory of the crypto market, and specific developments within the Convex Finance platform. Keeping abreast with the latest Convex Finance CVX news and CVX crypto news can provide investors with vital insights into potential price movements. As the platform continues to innovate and expand its offerings, many anticipate a positive impact on the CVX token price, making it a focal point in the cryptocurrency investment landscape. Thus, for investors and enthusiasts keen on capitalizing on the potential of this burgeoning platform, keeping a close eye on the Convex Finance (CVX) price in USD through reliable sources can be a prudent strategy in navigating the vibrant world of cryptocurrency investments.

Conclusion

As a beacon in the DeFi landscape, Convex Finance continues to forge a substantial niche, capitalizing on its role as a robust yield optimizer on the Ethereum blockchain. Functioning as an enhancer of Curve's liquidity provider rewards, it has fostered lucrative opportunities for both CRV token holders and Curve liquidity providers, simplifying the path to augmented interest rewards and trading fees. Leveraging the intrinsic utility of its native CVX token, the platform ensures a decentralized governance structure and promising avenues for both short and long-term investors. With an adept understanding of the burgeoning cryptocurrency market dynamics, Convex Finance stands as a critical player in fostering a decentralized financial ecosystem, characterized by enhanced liquidity, streamlined governance, and maximized returns for stakeholders. Investors are urged to keenly monitor the evolving narrative and potential of the CVX token, promising to be a linchpin in the expansive blockchain network and cryptocurrency investment sphere.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-5.58%-3.84%-18.62%-47.55%-48.11%-65.23%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$1.56$1.67
7d$1.49$1.73
30d$1.49$2.02
90d$1.49$2.89
1y$1.49$5.68
coin_market.all_time$1.49(2024-10-25, coin_market.days_ago )$62.69(2022-01-01, coin_market.years_ago )

coin.market_info

coin_market.cap
$156,316,131.47
-5.58%
coin_market.fully_cap
$157,076,398.47
-5.58%
coin_market.volume_24h
$6,010,111.96
-18.46%
coin_market.market_raking
coin_market.circula_rate
+99.00%
coin_market.volume_cap
0.0384
coin_market.circula_supply
99,286,504 CVX
coin_market.total_max_supply
99,769,397.19 CVX
-- CVX
calculator.faq_btn

coin_price.social_data

coin_price.social_description1

coin_price.social_description2

coin_price.social_description3

coin_price.social_description5

coin_price.social_description6

coin_price.all_social_overview

coin_price.average_sentiment(24h)
3.9
coin_price.social_score(24h)
9.93K(#50)
coin_price.social_contributors(24h)
672
+14%
coin_price.social_mentions(24h)
96(#163)
-32%
coin_price.social_dominance(24h)
0.01%
coin_price.twitter
coin_price.twitter_tweets(24h)
14
0%
coin_price.twitter_sentiment(24h)
coin_price.twitter_bullish
86%
coin_price.twitter_neutral
14%
coin_price.twitter_bearish
0%
coin_price.reddit
coin_price.reddit_score(24h)
6
coin_price.reddit_ posts(24h)
3
0%
coin_price.reddit_comments(24h)
0
0%

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p

faq.name

What is the use case of Convex Finance?

Convex Finance is a DeFi platform that optimizes yields for Curve.fi's liquidity providers and has expanded its support to include Frax Finance. Users can stake $CRV and $FXS tokens on Convex to earn trading fees and a share of boosted CRV from liquidity providers. The platform aims to enhance capital efficiency and balance between LPs and stakers on Curve.fi and Frax Finance. CVX is the native token used for staking and earning rewards, with the option to vote-lock for additional fees from liquidity providers' earnings on Curve.fi and Frax Finance.

Is Convex Finance a good investment?

Convex Finance, with its native token CVX, presents a compelling DeFi investment opportunity. CVX's value could rise in tandem with the DeFi sector's growth, especially given its position as a native token within a leading DeFi protocol on Ethereum. Moreover, as Convex Finance expands across blockchain ecosystems, it may attract users from various networks, increasing liquidity and bolstering the CVX token's value. Additionally, integrations with more DeFi protocols could spur user adoption and enhance CVX's price through increased yield farming and staking activities on the platform. Consider CVX as a strategic DeFi investment, poised for potential returns in this dynamic space.

What is Convex Finance price prediction?

Predicting the exact future price of CVX is challenging, but considering key factors can offer insights: - User Activity: More users staking on Convex Finance can boost CVX's value, driven by increased on-chain activity. - Development: Future integrations and cross-chain expansions may elevate CVX's value as the protocol grows. - Market Sentiment: CVX's price is influenced by overall market sentiment. A bullish market can propel Convex Finance higher, but a bearish sentiment may lead to sell-offs.

How can I stake Convex Finance?

To stake $CVX and enhance your cryptocurrency holdings, follow these steps conveniently: - Launch the Convex Finance dApp and connect your wallet. Ensure it contains a sufficient balance of $CVX tokens. - Access the Stake section located at the top of the dApp. - Scroll down to the 'Stake your CVX to earn cvxCRV' section at the bottom of the page. - Specify the amount of CVX you intend to stake and confirm the transaction via your wallet. - Once the transaction is verified, click the 'Stake CVX' button to deposit your holdings onto the Convex Finance protocol. - Relax, accumulate rewards, and conveniently expand your crypto portfolio by staking $CVX.

Is Convex Finance safe?

Convex Finance prioritizes user asset security through rigorous security measures. It has undergone thorough security audits by renowned firms like Trail of Bits, Peckshield, and Quantstamp to detect and rectify vulnerabilities. However, DeFi platforms inherently carry risks, including smart contract issues and unexpected events that may lead to losses.

Who created Convex Finance?

Convex Finance operates with an anonymous team, a common practice in the DeFi sector to mitigate regulatory and legal concerns. Many believe that the developers associated with Curve Finance are the ones behind Convex Finance, handling its deployment and maintenance.

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des

price_sidebar.trade

common_header.earn

coin_ad.ad3
price_sidebar.note_like1.tip

CVX/USDT

price_sidebar.spot

coin.excellent_traders.btn

buylow
buylow
insight397/500
155.39%
price_sidebar.roi
price_sidebar.total_pnl $3,860,531.29
garufi-cryptocopy
garufi-cryptocopy
insight723/1300
18.47%
price_sidebar.roi
price_sidebar.total_pnl -$1,173.39

coin.resource

coin.tags

coin.contracts
coin.morecoin.more
https://img.bitgetimg.com/multiLang/develop/web/ETH.png
Ethereum
0x4e3f...a5b9d2b
copy
wallet
coin.links
coin.websitecoin.whitepapercoin.twittercoin.github