Convex Finance has fundamentally altered the way Decentralized Finance yield mechanisms function by rewarding liquidity providers on stable coins and other tokens – with about 12 billion USD in total value locked in (TVL).
This is why XBE finance has opted to develop its solutions on the foundations of Curve.fi and Convex Finance. The XB Hive product expands on the notion of complementing yield to increase incentives even more. Converse Finance is a protocol that allows liquidity providers on the decentralized exchange Curve Finance (DEX) to earn trading fees and other rewards without blocking their SVR, which is the token that powers the exchange.
Credible Crypto also shares graphics from the Ethereum (ETH) Ivan analysis platform, which shows large investments that flow into the CVX portfolio of the digital assets investment company Blocktower Capital. In the last week, CVX has outperformed other major players in the decentralized finance sector (DeFi), including Ethereum, Solana (SOL), and Aave (AAVE). Over the past seven days, it has grown by more than 30%, and at the time of writing the summary, it is trading at $ 11.20, according to Montmarketcap. This is 503% more bottom than three months ago, but still 40% below the highest value of $10.15.