city Santiment Provident Pool CVX city Santiment

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

Reading now: 135
ambcrypto.com

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.

Read more on ambcrypto.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA