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Convex Finance (CVX)
Convex Finance (CVX) is a decentralized finance (DeFi) protocol that allows Curve Liquidity Providers (LPs) to earn boosted rewards. CVX is the native token of Convex Finance, and it is used to govern the protocol and to earn rewards.
Convex Finance works by locking up Curve LP tokens and issuing CVX tokens in return. CVX token holders can then stake their tokens to earn a share of the trading fees generated by Curve, as well as additional rewards in CRV tokens.
Convex Finance is a popular protocol among DeFi users because it offers a number of advantages over simply staking Curve LP tokens directly. First, Convex Finance boosts the rewards that LPs earn, up to 2.5x. Second, Convex Finance provides LPs with a single token to represent their position, which is easier to manage and trade. Third, Convex Finance offers a number of other features, such as automated compounding and voting on protocol changes.
CVX tokens are also used to govern the Convex Finance protocol. CVX token holders can vote on proposals to change the protocol, such as the distribution of rewards and the addition of new features.
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- Total File Size 154.57 KB
- Date Uploaded September 24, 2023
- Categories Crypto, cryptocurrency, Cyprocurrency, DeFi, Finance
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This Convex Finance (CVX) vector logo is 100% vector-based, designed using Adobe Illustrator. This means that the Convex Finance (CVX) logo can be resized without losing any quality. Logo resolution up to 300 dpi, Color (CMYK) and it is fully layered.
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