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Check the Latest Price of Convex Finance in India Today on BuyUcoin

Convex Finance Price CVX-INR

₹ 345.71

Current Price

Convex Finance Price Chart in INR

  • Day
  • Week
  • Month

Last Price ▾ -1.52%

₹ 345.71

24h High

₹ 361.05 

24h Low

₹ 346.57

24h Vol

₹ 321190608

1 CVX to INR

Instant Buy

Current Price of 1 CVX = 600,000 INR
For 100 INR you will get = 0.00045 CVX

Coming Soon

Convex Finance Price History in INR

  • Day
  • Week
  • Month
Time Price in INR Change in %
Time Price in INR Change in %
Time Price in INR Change in %

About Convex Finance (CVX):

Market Cap Rank

#107

A creative DeFi protocol called Convex Finance (CVX) was developed on top of the Curve Finance stablecoin exchange. Fundamentally, Convex rewards CRV stakeholders and Curve liquidity providers with higher DeFi yields.

The protocol is engaged in a DeFi conflict with Yearn Finance due to Convex's aggressive attempts to lock up as much Curve liquidity as possible. To keep raising interest rates for Curve LPs, both projects want as many CRV tokens as they can receive.


What is Convex Finance (CVX) Coin?

A DeFi protocol Convex Finance enables Curve liquidity providers to profit from trading fees on Curve without staking any liquidity. Instead, LPs can stake with Convex and obtain high mining rewards for CRV and liquidity. This improves capital efficiency for CRV stakeholders and establishes Convex Finance as a significant Curve wars participant.

Convex has entered a heated competition to gain dominance over the Curve Finance stablecoin exchange. A protocol's ability to affect interest rates on Curve, the largest DEX in the world by TVL, increases with the number of CRV tokens it holds. As a result, the Curve wars are a constant battle for control over what is likely the most important protocol in DeFi.


Who created Convex Finance (CVX) Crypto?

A group of anonymous developers created Convex Finance. Convex Finance is regarded as one of the most significant and influential protocols in decentralised finance, making it a relatively low-risk investment in contrast to numerous shitcoins.


How does Convex Finance Token Work?

Curve Finance pays liquidity providers its governance token, CRV, in addition to trading fees for trades on its platform. CRV tokens can be locked up for up to 4 years in order to receive vote-escrowed CRV or veCRV.

The longer stakers lock their CRV tokens, the more veCRV they get in return. Holding veCRV gives stakers voting rights in the Curve DAO, a portion of 50% of the Curve platform’s trading revenues, and up to 2.5x increased CRV awards for liquidity provision. Convex Finance allows Curve liquidity providers to increase their CRV rewards without having to lock their own CRV tokens.


Earn Free Convex Finance

The Convex Finance (CVX) Coin Price Prediction

Convex Finance Price Today in India is ₹ 345.71 with a 24-hour trading volume of ₹32,11,90,608. In the last 24 hours, CVX-INR price has decreased by -1.52%. Convex Finance CoinMarketCap rank is 107. The circulation supply of Convex Finance is 7,17,56,331.0582953CVX coins, with maximum circulating supply being unlimited.

The Convex Finance (CVX) Token Price Prediction

Convex Finance's price would rise in 2022 with increased acceptance and alliances with other significant blockchain networks, and the highest trading price might hit $14.06 in 2022. If we maintain the current price ranges, they will be extremely trendy. If all goes according to plan, we may anticipate a maximum price of $14.06 for 2022 and an average price of $12.56.


Convex Finance (CVX) Coin Price History 2021

In the first week of June 2021, the CVX token price fluctuated between $5 and $5.7 before increasing to $6 in the middle of July 2021. The Price of convex finance crypto soared rapidily starting from october 2021. The price of CVX token first break its all time high of $40 that happened in Novemnber . Continuing the inclined curve CVX token again hit a new ATH by the end of the year 2021 at price of $50.


Is Convex Finance (CVX) Token a Good Investment in 2022?

Convex Finance has occasionally proven to be a decent investment. Aside from the technology, it is one of the most promising blockchain initiatives in terms of application cases as well. In addition, the Blockchain is being used in a variety of real-world applications, enhancing its value.

Many platforms and analysts think that the price of Convex Finance will continue to grow in the next 5 years, surpassing the $53.87 mark by the end of 2025. Even though the price seems like a stretch, you never know. CVX and other Cryptocurrencies are very volatile and can change direction at any time.


Convex Finance Features

Rewards:

Convex is the perfect place for people who want to stake CRV while maintaining liquidity because it gives CRV stakers a part of the increased CRV on the Convex platform.

Liquidity:

With Convex, liquidity providers can receive high-boost claimable CRV without locking any CRV and CVX incentives with no deposit or withdrawal costs as well as no fees for additional incentive tokens (SNX, etc)

Staking:

When staked on Convex Finance, Frax LPs can take advantage of socialised (and streamlined) boosting processes for their LP positions, similar to how Convex functions for Curve.fi.

Should I Buy Convex Finance in India with BuyUcoin?

BuyUcoin users can buy and sell Convex Finance through various payment methods we provide. It’s quick, simple, and safe. BuyUcoin is an exchange platform where consumers can swap digital currencies such as Bitcoin, Ethereum, Shiba Inu, Dogecoin and over 150 other cryptocurrencies. In addition, when you sign up, you will be rewarded with free Bitcoin worth INR 100.

BuyUcoin, which has over 1M+ registered users, provides a comprehensive range of options that allow users to buy, sell, trade and store cryptocurrencies at a low price in India. Start trading now to receive INR100 worth of free Convex Finance after registering.

1 CVX to INR

Instant Buy

Current Price of 1 CVX = 600,000 INR
For 100 INR you will get = 0.00045 CVX

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