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Convex Finance: First token unlocking and metrics to make winning trades

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Convex Finance is a DeFi protocol built on Curve Finance and aims to reward liquidity providers and those who stake Curve Finance’s native token, CRV, with additional yields.According to data from Curve Finance, at the time of press, the exchange’s pool for Convex CVX tokens stood at 9,639.54 wETH ($10.57 million), which was available as potential liquidity, and 2,598,299.35 CVX tokens ($10.93 million).According to this data from Dune Analytics, as part of the 16 unlocks for vote-locked CVX tokens scheduled to commence from 30 June, about 27.4 million CVX tokens would be unlocked.With the first unlocking just a few days away, investors harbor the fear of a further decline in the price of the CVX tokens.But how has the token performed in the last month ahead of the unlocking?One month ago, the CVX token registered an index price of $10.9.

However, as the crypto market downturn intensified and as the amount of liquidity available on Convex Finance dropped, the CVX tokens have posted losses in the last 30 days.

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