Fellow Coinstorers,
Coinstore will list CVX (Convex Finance) and open CVX/USDT trading pair.
Details are as follows：
Total Supply: 100,000,000
Circulation Supply: 77,486,867
Official Website: https://www.convexfinance.com/
Block Explorer: https://etherscan.io/token/0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b
Introduction:
Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.
Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Team,
24 May, 2023
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