Convex Finance (CVX) is a decentralized finance protocol (DeFi) built on the established Curve Finance platform. The aim of Convex Finance is to maximise returns for liquidity providers on Curve by optimising and efficiently distributing their rewards. The protocol takes control of the distribution of Curve rewards, enabling users to benefit from enhanced earning opportunities. Through this integration, Convex Finance allows improved utilisation of liquidity and an increase in revenue for participants in the Curve ecosystem.
Users have the option to stake their CVX tokens outside of the BISON app. By staking, they not only receive a share of the protocol fees but also additional rewards for their voting participation in the protocol’s governance process. This creates an incentive for active participation and shaping of the protocol. The price development of CVX is closely linked to the success and further development of the Curve ecosystem, as the value creation of CVX largely depends on the performance and acceptance of the underlying Curve platform.
Trading: Buy, Sell & Savings Plan
Trading: You can buy and sell CVX at the current price. Additionally, limit and stop orders are available to you.
Savings Plan: Yes, this coin is available for setting up an automatic crypto savings plan.
Transactions: Deposits and Withdrawals
Deposit: No
Withdrawal: Yes
Please use only the wallet addresses currently displayed in BISON. You can find these under “Account” -> "Withdraw" -> "Withdraw cryptocurrencies". Here you can select the desired cryptocurrency and display the respective wallet address for your withdrawal.
Important Details: All important information about the supported network, the correct address format, and the respective minimum amounts for CVX can be found in our central overview: Which address formats are supported by BISON for each cryptocurrency?