What is Convex (CVX)?
Convex is a DeFi platform on Ethereum that allows Curve.fi liquidity providers to earn yields without locking the token. Convex started out with optimization strategies for Curve in 2021 and then included other protocols, such as Frax Finance. The protocol aims to provide growth and opportunities for holders of the native CVX and liquidity providers on various platforms through a token-locking model.
How Convex (CVX) Works
Convex offers four sophisticated DeFi services related to Curve as follows:
- Users can stake CRV (Curve’s token) on the Convex platform to receive a host of benefits including earning a share of boosted CRV, receiving platform fees and trading fees, and claiming veCRV airdrops
- Liquidity providers can earn trading fees, boosted CRV, and CVX rewards without locking actually CRV. There are no deposit and withdrawal fees whatsoever.
- Users can stake CRV to receive a share of boosted CRV received by liquidity providers, and there are no withdrawal fees or high performance fees. Additionally, both CRV stakers and liquidity providers receive liquidity mining rewards in the form of CVX.
- Convex offers cvxCRV, a tokenized version of veCRV that is returned to users at a 1:1 rate when they deposit CRV into Convex. cvxCRV can be staked to receive normal Curve admin fees, as well as CRV and CVX.
CVX is the native platform token for Convex Finance, which can be staked to earn a share of Curve and Frax LP's CRV and FXS earnings. Vote-locked CVX is used for voting on how Convex Finance allocates its veCRV and veFXS towards gauge weight votes and other proposals. CVX tokens are rewarded to CRV stakers and Curve.fi liquidity pools. A certain amount of CVX was airdropped to Curve users at launch.
How Many Convex (CVX) Tokens Are in Circulation?
CVX token has a total supply of 100,000,000, and the circulating supply is 75,060,659.
How to Buy Convex (CVX)
Consider investing in Convex (CVX)? It only takes 2 minutes to create an account on Bitget and start trading CVX.
Check out the available CV X trading pairs on Bitget!
Spot market
Convex (CVX) Resources
Simple 3-step guide to buying CVX today in Ethiopia
Create your free Bitget account
Select a funding method
Complete your Convex purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Convex using a payment method of your choice:
Buy Convex with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Convex order.
How to buy crypto with credit/debit cardBuy Convex with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Convex is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Convex order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Convex order.Buy Convex with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Convex order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Convex in your Bitget spot wallet
Bitget—where the world trades Convex
How to buy Convex for free
- Learn how to earn Convex for free through the Learn2Earn promotion
- Earn free Convex by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Convex airdrops by joining On-going challenges and promotions
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FAQ
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Ethiopia is located on the horn of Africa, a rugged country that encompasses the Great Rift Valley. It's a place of old culture, with archaeological artifacts dating back more than 3 million years. Ethiopia has a population of 121,396,689, and the official languages of Ethiopia are Amharic, Oromo, Somali, Tigrigna, and Afar. The official currency is the Ethiopian birr (ETB). In less than 10 mins, you can buy Convex(CVX) and other cryptocurrencies from Ethiopia using the Bitget platform with P2P trading, crypto deposit, and third-party merchants like Apple pay and Google pay.
Ethiopia has a diverse climate and landscape, spanning from the equatorial rainforest with significant humidity in the south and southwest to Afromontane regions on the summits of the Semien and Bale Mountains to desert regions in the northeast, east, and southeast Ethiopia. Ethiopia's geographical structure and landscape consist of high plateaus, mountains, and dry lowland plains. Ethiopia has some of the world's most rugged and beautiful environments. The country is surrounded by beautiful cities like Addis Ababa, Gondar, Bahir Dar, Dodola, and Lalibela, anywhere you are located in Ethiopia, Bitget will be there to give you a seamless trading experience.
Interestingly Ethiopia is the oldest country in Africa, and it has stunning side attractions like Arba Minch, Awash National Park, Axum, Bahir Dar, Bale Mountains National Park, Gheralta, Gonder, Danakil, and many more. Ethiopia is a wonderful place to be.