The current real-time price of CVXFXN is $23.56. In the past 24 hours, CVXFXN has traded between $22.68 and $23.88, showing strong market activity. The all-time high of CVXFXN is $207.77, and the all-time low is $18.89.
From a short-term perspective, the price change of CVXFXN over the past 1 hour is , over the past 24 hours is -0.25%, and over the past 7 days is -0.73%. These figures provide a quick overview of the latest price trends and market dynamics of CVXFXN on LBank.-16.50%
The live price of CVXFXN today is $23.56, with a current market cap of $0. The 24-hour trading volume is 2K. The price of CVXFXN to USD is updated in real time.
Before deciding whether to buy or sell CVXFXN, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s CVXFXN technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for CVXFXN.
How much will CVXFXN be worth tomorrow, next week, or next month in ? What about your CVXFXN assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! CVXFXN Price Prediction
To learn more about CVXFXN, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0xec60...e06bef  | 119.208K | 85.5% |
ethereum | 0x1062...10b5e5 | 19,426 | 13.93% |
ethereum | 0x0b4c...69cab0 | 250 | 0.18% |
ethereum | 0x190f...da100e | 146 | 0.1% |
ethereum | 0xb8f0...3fd3e7 | 99 | 0.07% |
Other | 290.9955 | 0.21% |
Convex FXN (cvxFXN) is a tokenized version of veFXN (vote-escrowed FXN). When users deposit FXN tokens into Convex Finance, those FXN tokens are locked indefinitely on the platform as veFXN, and in return, the user receives cvxFXN at a 1:1 ratio.
Convex Finance aims to simplify and enhance the yield-earning process for various DeFi protocols. For f(x) Protocol, which uses FXN as its governance token and employs a lock-to-boost model (veFXN), Convex allows users to deposit their FXN. This FXN is then locked as veFXN, and the user receives cvxFXN. This mechanism enables users to benefit from boosted rewards without permanently locking their original FXN themselves or managing the complexities of veFXN directly.
Staking cvxFXN on Convex Finance allows users to earn a share of the fees they would typically receive from locking their veFXN on the f(x) Protocol. Additionally, stakers can receive boosted FXN earnings and often CVX tokens as further rewards.
No, the conversion process of depositing FXN into Convex to receive cvxFXN is unidirectional and irreversible. Once FXN is locked on the Convex platform as veFXN, it cannot be converted back to FXN through the Convex platform directly. However, users can exchange cvxFXN for FXN tokens through secondary liquidity pools that may exist on other decentralized exchanges, albeit at varying market rates.
The f(x) Protocol is a DeFi solution focused on stable assets and leveraged ETH products, which uses FXN as its governance token. Token holders can lock FXN to get veFXN, which grants voting power and a share of protocol revenue. Convex Finance integrates with f(x) Protocol by allowing users to deposit their FXN, which Convex then locks as veFXN. This enables Convex to accumulate significant voting power within f(x) Protocol and offer boosted rewards to cvxFXN stakers, effectively acting as a "yield booster" for f(x) Protocol participants.
As with any cryptocurrency, cvxFXN is subject to market volatility. The irreversible nature of converting FXN to cvxFXN means users rely on secondary markets for liquidity if they wish to convert back to FXN. Other general crypto risks include smart contract vulnerabilities and broader market fluctuations.
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