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Convex Finance: Five unlocks later, CVX is headed for…

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To combat limited liquidity in its pool, Convex Finance, a DeFi protocol built on Curve Finance, commenced the weekly unlocking of vote-locked CVX tokens on 30 June.

The weekly unlocks are scheduled to span 16 weeks (16 unlocks) and see to the unlocking of 52.2 million CVX tokens.Five unlocks later, and much to the surprise of many investors, the price of CVX has rallied by over 100%.

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