#cvx入手时间 The rise of CVX makes many people want to catch up with it.
Let me introduce the origin of this token to you.
CVX is a copycat token of CRV, and it can be said to be a competitor.
Convex is a DeFi protocol designed to optimize Curve interest rates, aiming to lock up as many CRV tokens as possible. CRV holders can permanently stake their tokens on Convex and exchange them for an equal amount of cvxCRV as liquidity. They can not only enjoy the same CRV incentives as veCRV holders, but also get additional CVX as a reward. The benefit Convex gets from this is that it gets completely autonomous CRV governance rights from veCRV holders.
So Convex followed Curve and made a nesting doll mechanism: CVX is the governance token of the Convex platform. By locking CVX, LP can vote on Convex's veCRV governance decisions. In other words, controlling Convex is equivalent to controlling Curve.
What's even more subtle is that, according to the current ratio, the CRV purchased by the protocol through one dollar of CVX is even more weighted than directly purchasing CRV. In the last round of Votium voting, for every $1 paid by the protocol to vlCVX holders, it can obtain $4.15 of CRV in the mining pool of the Curve platform. As a result, the demand for CVX has increased significantly. Currently, 142 million cvxCRV and 23 million CVX are locked, and the value of CVX is also steadily rising.
In addition, Convex's token unlocking schedule is also determined by the amount of CRV locked. When the CRV lock-up reaches 500 million, the circulation cycle of 100 million CVX will be fully unlocked, and each marginal CRV obtained by the platform after the CVX emission ends will increase the ratio of CVX to CRV, which means that the weight of each CVX in measuring the liquidity incentive of the Curve platform will increase.
If you are not sure about how to layout CVX, you can find me through the concise avatar below. I am willing to share my experience and strategy with you, just for like-minded people! Let's get rich together!!