Convex Finance
💡 Convex is a yield optimisation platform build ontop of Curve Finance
Type:
DeFi
Token Strength
$CVX is essentially a levered ‘wrapper’ for $CRV (Curve finance). The Curve voting power that Convex accumulates
is directly passed on to $CVX holders.
Demand for $CVX mainly comes from the demand for its underlying $CVX and market demand due to yield
provided by protocol bribes
Convex takes a 16% fee in exchange for its yield optimisation service, which is subsquently paid to stakers. $CVX
is also used for bribes which is a form of yield for holders, meaning that token demand will reflect this somewhat,
thus reflecting value of asset.
Convex creates value by providing a yield optimisation service for LPs/holders & by also allowing protocols to direct 
liquidity to their products in a more efficient way.
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Our Take
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- summary and opinion of token and how it links to protocol
- how does demand mechanisms affect forecasting?
- how does supply function affect circ supply
- type of investment; asset appreciation (hold) or yield bearing asset
- Notable points
Deep Dive
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