What is Convex Token (CVX)?
Convex Finance (CVX), launched in 2021, is a DeFi platform built on Ethereum, designed to optimize and enhance the yield farming experience on the Curve Finance DEX. CVX token holders can stake their tokens to earn a share of the platform's trading fees and boost their liquidity mining yields.
The platform aims to simplify and improve the profitability of DeFi yield farming for its users. Convex Finance leverages the liquidity on Curve Finance, providing users with enhanced rewards and simplified access to yield farming opportunities, contributing to the growth and efficiency of the DeFi ecosystem.