Convex Finance cvx

Convex Finance (CVX) is an Ethereum based 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. Curve Finance is now the world's largest decentralized exchange by total value locked ($8.76 billion as of 2021). So, any DeFi protocol absorbing that liquidity into its own protocol will be enormous by default

The individuals behind the development of the Convex Finance platform have chosen to remain anonymous. According to information on its website, the founding team is made up of well-read and experienced software developers who were looking to solve a series of major problems facing the world of blockchain technology

The main reasons to invest in Convex include: - Convex Finance is a platform for Curve Finance CRV token holders and Curve liquidity providers to earn additional interest rewards and Curve trading fees on their tokens. Put another way, Convex Finance offers boosted Curve staking. - If Curve continues to grow, Convex CVX will absorb its growth