Details about Convex FXS cryptocurrency
€3,669
7,441,593
0
Unknown
https://www.convexfinance.com/
@ConvexFinance
42264x
€158490
Convex FXS price charts
CVXFXS exchanges
Convex FXS, the crypto
Convex FXS (CVXFXS) is a utility token used in the Convex Finance platform, which is built on the Ethereum blockchain and designed to provide liquidity and yield farming opportunities for users of the Frax stablecoin ecosystem.
The point
The main point of Convex FXS (CVXFXS) is to incentivize users to provide liquidity and participate in yield farming opportunities within the Frax ecosystem. Holders of CVXFXS can earn rewards and fees by staking their tokens or providing liquidity to pools on the Convex Finance platform.
The problem
Convex FXS (CVXFXS) tries to solve the problem of liquidity and participation in the Frax ecosystem by incentivizing users to lock up their tokens and provide liquidity. By doing so, it aims to increase stability and lower volatility of the Frax stablecoin, as well as provide yield farming opportunities for users looking to earn additional rewards.
Compare CVXFXS and BTC performance
| Timeframe | CVXFXS | BTC |
|---|---|---|
| 1h change | 0.374797 % | -0.113414 % |
| 24h change | -4.57 % | 0.280879 % |
| 7 day change | -6.26 % | -1.26201 % |
| 14 day change | -35.24 % | -9.72239 % |
| 30 day change | -39.16 % | -7.76318 % |
| 200 day change | -24.41 % | 126.331 % |
| Year change | -47.74 % | 132.257 % |