Convert 50 CVX to USD today

Convex Finance (CVX) is an inventive DeFi protocol built on top of stablecoin exchange Curve Finance. At its core, Convex rewards Curve liquidity providers and CRV stakers with additional DeFi yields. Convex aims to simplify staking on Curve, as well as the CRV-locking system with the help of its native fee-earning token: CVX.

Users need to hold a large number of CRV tokens in order to get a significant amount of profit from staking on Curve. However, not everyone can afford to own many CRV tokens, so Convex Finance was created to pool many people’s assets together. As a result, the platform will be able to collect more CRV and the profit generated by staking CRV will then be distributed among users.

CVX is a utility token of the Convex Finance ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:

• Users stake CVX to receive a share of Convex platform fees.
• Users can contribute CVX to other platform’s liquidity pools to earn liquidity mining rewards and a share of trading fees.
• Users lock CVX to participate in voting on important platform decisions.