Exchange Convex Finance
If you're looking to swap Convex Finance, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Convex Finance, or some fresh information about CVX’s price movements. And, of course, we provide you with multiple Convex Finance exchange options so that you can choose the offer with the best rates and lowest Convex Finance fees, as well as other parameters that suit you.
Convex Finance price chart
Here you can see the current price of Convex Finance, as well as Convex Finance price history.
Convex Finance price stats
To help you make a decision about exchanging your Convex Finance, we gathered some cold hard numbers: Convex Finance price chart and other stats, such as Convex Finance market cap.
24H HIGH $2.81637408
MARKET CAP $246 497 152.0920101
CIRCULATING SUPPLY 99 788 212.7367738 CVX
24H LOW $2.2936054
CVX PRICE $2.4702031
24H VOLUME $2 768 250.33727628
What is Convex Finance?
What is Convex Finance?
Convex Finance (CVX) offers innovative solutions for decentralized finance (DeFi). Launched on October 12, 2021, by a team of anonymous developers known as the "Convex Team," the platform aims to enhance the yield-optimizing capabilities of Curve Finance, a leading decentralized exchange protocol. The Convex Finance coin, CVX, is the native token of the ecosystem, playing a crucial role in governance and incentivizing participants.
Key Features of Convex Finance
One of the primary features of Convex Finance is its focus on optimizing yields for users engaging with the Curve Finance protocol. By staking their Curve Finance LP (liquidity provider) tokens on the platform, participants can earn additional CVX rewards for enhancing the efficiency of the underlying Curve Finance protocol. The rewards are distributed via Convex ICE.
The token contract has a whitelistedBurn function, which developers utilize to withdraw rewards. The derived returns further increase as progressively more users stake their tokens, thereby creating a virtuous cycle of value accrual within the platform. Furthermore, by providing a streamlined interface and additional features like a revenue-sharing system, Convex improves user experience.
Major Convex Products
On March 4, 2022, Convex Finance announced the launch of CVX Up, a new protocol aimed at expanding the DeFi ecosystem's capabilities within the Convex Finance network. CVX Up introduces a suite of innovative features, including the cvxCRV Pool and escrow capabilities, offering users additional opportunities to maximize their yields.
On March 8, 2022, Convex Finance introduced "Convex V2: The Rocket Launch." This upgrade involves refinements to the platform's architecture and governance smart contracts, enhancing the overall efficiency and effectiveness of Convex Finance.
Additionally, on March 17, 2022, Convex Finance initiated CVX Buffet, a state-of-the-art protocol targeting enhanced yield optimization within the DeFi space. CVX Buffet is designed to provide advanced yield-generation strategies for users interacting within the Convex Finance ecosystem.
The launch of Convex Finance’s vectorDAO on March 23, 2022, further reaffirmed the platform's commitment to decentralized governance and community empowerment. By enabling users to propose and vote on governance initiatives, vectorDAO enhanced participation within the Convex Finance ecosystem.
On March 29, 2022, in line with its commitment to innovation, Convex Finance introduced convexCOMB, a novel protocol geared towards creating synergies between different DeFi platforms. By facilitating the seamless integration of yield optimization strategies, convexCOMB aims to provide users with enhanced returns and a more diverse range of investment opportunities.
Average Fees on Convex Finance Network
The effective average Convex Finance Network gas fee amounts specifically to around $25 during regular network activity. While fees for less time-consuming transactions are lower, more complex actions may require a higher gas fee.
CVX Token Wallets
Several wallets are supporting the CVX token. It’s essential to choose a wallet that provides adequate security, accessibility, and compatibility with Convex Finance. Some popular wallets include:
- MetaMask: A widely used browser extension wallet that supports a range of Ethereum-based tokens, including CVX.
- Trust Wallet: A secure mobile wallet that enables users to store, send, and receive CVX and other cryptocurrencies.
- Ledger Nano S/X: Hardware wallets known for their superior security features, supporting the storage of CVX offline.
- MyEtherWallet (MEW): A user-friendly interface that allows users to create and manage Ethereum wallets, supporting CVX and other ERC-20 tokens.
- Coinbase Wallet: A mobile app and browser extension that supports CVX and various other cryptocurrencies, offering a seamless user experience.
SwapSpace invites you to begin your CVX journey by exploring the full range of services available. With a commitment to transparency, security, and user satisfaction, SwapSpace simplifies the process of exchanging CVX and other cryptocurrencies.
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A simple way to exchange Convex Finance here at SwapSpace
Choose a pair
To help you make a decision about exchanging your CVX, we gathered some cold hard numbers: CVX price chart and other stats, such as CVX market cap.
Select the best rate
You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.
Transfer funds
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
Receive your coins
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.
Frequently asked questions
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