The live price of Convex Finance (CVX) today is 3.9669 USD, and with the current circulating supply of Convex Finance at 92,074,425.61 CVX, its market capitalization stands at 365,250,516 USD. In the last 24 hours CVX price has moved 0.08 USD or 0.02% while 2,270,161 USD worth of CVX has been traded on various exchanges. The current valuation of CVX puts it at #138 in cryptocurrency rankings based on market capitalization.
Learn more about the Convex Finance blockchain network and how it works or follow the price of its native cryptocurrency CVX and the broader market with our unique COIN360 cryptocurrency heatmap.
Convex Finance (CVX) is a decentralized finance (DeFi) protocol designed to optimize the yield farming process on the Curve Finance platform. It offers a unique solution for liquidity providers, allowing them to earn trading fees and claim boosted CRV rewards without locking up their tokens for long periods. CVX is the native token of the Convex Finance platform, playing a crucial role in its governance and reward distribution.
Convex Finance operates on the Ethereum blockchain, utilizing its Proof-of-Stake (PoS) consensus mechanism. This ensures the security and integrity of transactions on the platform.
As a DeFi protocol, Convex Finance leverages Ethereum's smart contract technology to automate the yield farming process and distribute rewards to liquidity providers.
Convex Finance is built on the Ethereum network, benefiting from its scalability features. It can handle a large number of transactions, making it suitable for widespread adoption.
Convex Finance prioritizes security, with smart contracts audited by reputable firms to ensure the safety of user funds.
While transactions on Convex Finance are transparent due to the nature of blockchain, user identities remain private, ensuring a degree of anonymity.
Convex Finance is a fully decentralized platform, with CVX token holders having a say in the platform's governance and future development.
The Convex Finance project is spearheaded by a team of experienced developers in the DeFi space. The platform operates on a decentralized governance model, with CVX token holders voting on proposals.
Convex Finance is primarily used for yield farming on the Curve Finance platform. It simplifies the process and increases the potential returns for liquidity providers. This could potentially disrupt the DeFi yield farming landscape by providing a more efficient and profitable solution.
CVX tokens can be purchased on various cryptocurrency exchanges, including Uniswap and SushiSwap. Users can trade their existing cryptocurrencies for CVX tokens on these platforms.
As an ERC-20 token, CVX can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or Ledger.
Convex Finance has collaborated with several other DeFi projects to enhance its platform and offer more value to its users. These partnerships have helped Convex Finance establish itself as a leading player in the DeFi space.
The Convex Finance team has a clear roadmap for the future, with plans to introduce more features and enhancements to the platform. This includes expanding the range of supported assets and improving the user interface.
Like all DeFi projects, Convex Finance faces potential risks and challenges, including smart contract vulnerabilities and regulatory uncertainties. However, the team is committed to addressing these issues and ensuring the platform's long-term success.
Convex Finance has a vibrant and active community of users and developers, contributing to the platform's growth and development.
As a decentralized platform, Convex Finance operates in a regulatory grey area. However, the team is committed to complying with all relevant regulations and ensuring the platform's legality.
In conclusion, Convex Finance is a promising DeFi project that offers a unique solution for yield farming on the Curve Finance platform. With its innovative features and strong community support, it has the potential to make a significant impact in the DeFi space.
|Convex Finance Price||3.9669 USD|
|Market Cap||365,250,516 USD|
|24h Volume||3,786,707 USD|
|Circulating Supply||92,074,425.61 CVX|
|Max Supply||100,000,000 CVX|
|Yesterday's Market Cap||382,162,471.09 USD|
|Yesterday's Open / Close||4.0708 USD / 4.1508 USD|
|Yesterday's High / Low||4.1691 USD / 4.0023 USD|
0.02% ( 0.08 USD )
|Yesterday's Volume||2,270,161.48 USD|