CVX Is Now Open For Trading On Bitazza! -

30 January 2022

CVX is open for trading on Bitazza!

CVX is the native platform token for Convex Finance. CVX can be staked on the Convex protocol to earn Boosted CRV earnings.

Convex is a DeFi protocol built on top of Curve to facilitate higher returns for liquidity providers and CRV stakers. Convex Finance allows users to maximize their DeFi yields by allowing users to get the same boosted CRV rewards without having to lock up their assets for the entire duration of the staking period. When users deposit CRV into Convex, users are given cvxCRV, a tokenized version of veCRV, in return at a 1:1 rate.

Furthermore, Convex Finance is the single largest holder of veCRV, meaning that Convex has significant voting influence over Curve. CVX is used to vote on how Convex Finance will use the protocol’s holdings of veCRV to vote on how CRV inflation is distributed.

CVX has a max supply of 100 million tokens, of which 48 million is already in circulation. CVX is minted in proportion to CRV received on Convex, with the CVX/CRV mint ratio reducing every 100k CVX until max supply is minted.

Access global liquidity and crypto listing ONLY in Bitazza.

More info here: https://www.coingecko.com/en/coins/convex-finance