Convex FinancePrice(CVX)
Details Convex Finance (CVX) Price information (USD)
The current real-time price of CVX is $1.753. In the past 24 hours, CVX has traded between $1.753 and $1.837, showing strong market activity. The all-time high of CVX is $60.09, and the all-time low is $1.36.
From a short-term perspective, the price change of CVX over the past 1 hour is
Convex Finance (CVX) Market Information
Convex Finance (CVX) Today's Price
The live price of CVX today is $1.753, with a current market cap of $157.359M. The 24-hour trading volume is 8M. The price of CVX to USD is updated in real time.
Convex Finance (CVX) Price History (USD)
What is CONVEX FINANCE (CVX)?
When is the right time to buy CVX? Should I buy or sell CVX now?
Before deciding whether to buy or sell CVX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CVX technical analysis can provide you with trading references.
Future price trend of CVX
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CVX.
How much will CVX be worth tomorrow, next week, or next month in ? What about your CVX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CVX Price Prediction
How to buy CONVEX FINANCE (CVX)
Convert CVX to local currency
CVX Resources
To learn more about CVX, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x72a1...2db86e  | 48.394M | 48.41% |
ethereum | 0x1389...541bb7 | 6.950M | 6.95% |
ethereum | 0xcf50...139332 | 5.686M | 5.69% |
ethereum | 0xf977...41acec | 4.020M | 4.02% |
ethereum | 0x449f...d1ddc6 | 2.787M | 2.79% |
Other | 32.121M | 32.13% |
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CONVEX FINANCE (CVX) FAQ
What is Convex Finance (CVX)?
Convex Finance is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, operating on top of Curve Finance. Launched in May 2021, its primary goal is to optimize and boost returns for users within the Curve Finance ecosystem, specifically CRV token stakers and Curve liquidity providers. It simplifies the yield optimization process, enabling users to maximize rewards without complex strategies.
How does Convex Finance work?
Convex Finance functions as a yield optimizer for Curve. Instead of users directly locking CRV tokens on Curve to earn boosted yields, Convex allows users to deposit their Curve LP tokens or CRV directly into its platform. Convex then pools these assets, collectively applies the maximum vote-escrowed CRV (veCRV) boosts, and distributes amplified rewards back to its users. This mechanism eliminates individual lock-up complexity while providing higher base yields.
What are the key features and benefits of Convex Finance and its CVX token?
Convex Finance offers optimized DeFi yield by enhancing CRV staking and liquidity pool rewards. It provides a simplified user experience and typically has no withdrawal fees. The platform charges low performance fees, often redistributed to CVX stakers. CVX holders participate in governance, voting on protocol parameters and influencing Curve's gauge weights. Additionally, users can stake CVX to earn a share of Convex's platform fees and CRV-based incentives.
What is the utility of the CVX token?
The CVX token is the native cryptocurrency of the Convex Finance platform with multiple purposes. CVX holders can participate in governance, voting on critical protocol decisions, including how Convex allocates its vote-escrowed CRV (veCRV) to influence Curve's liquidity pools. Staking CVX also allows users to earn a portion of the platform's fees. Furthermore, CVX is issued as a reward for staking Curve-related assets and providing liquidity on Convex, amplifying user earnings.
How can one acquire CVX tokens?
CVX tokens can be obtained in several ways. They can be purchased on various centralized and decentralized cryptocurrency exchanges. Users can also earn CVX as staking rewards by staking CRV or providing liquidity to Curve.fi pools through Convex Finance. Additionally, some CVX tokens were distributed via airdrops to eligible Curve users when Convex initially launched.
What are the risks associated with Convex Finance and holding CVX?
Like all crypto assets and DeFi protocols, Convex Finance and CVX carry inherent risks. These include market volatility affecting CVX's price and a significant reliance on Curve Finance's performance. There's also a risk of declining rewards as liquidity increases, and inflationary tokenomics if demand doesn't match supply. Smart contract vulnerabilities, despite audits, remain a potential concern, as does the evolving regulatory landscape for cryptocurrencies and DeFi.
