Convex Finance (CVX) currently has a price of $3.77 and is up 2.71% over the last 24 hours. The cryptocurrency is ranked 152 with a market cap of $308.9M. Over the last 24 hours, it saw $4.3M of trading volume. The token has a circulating supply of 82M tokens out of a total supply of 99.2M tokens.
Convex Finance (CVX) is a decentralized finance protocol on the Ethereum blockchain. Its key feature is a staking platform where users can lock up CVX tokens and earn rewards in the form of additional CVX and CRV tokens. This encourages long-term holding and promotes community involvement in governance. Convex Finance stands out with its integration with Curve Finance, a top decentralized exchange for stablecoins, allowing for low-slippage trading. With partnerships and additional yield opportunities from liquidity pools, Convex Finance aims to provide an efficient way for users to maximize returns on stablecoin investments.
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