CVX

noncognitive

> Like if your coin is not even up over the past year in spite of this rally…. It’s probably over. My of my net worth is in CVX, so I hope you're wrong

Dreadsock

Making the best educated guess, would be BTC and ETH. Specifically, Ethereum seems to be the biggest winner. Ethereum represents a consensus layer that will host ecosystems that will continue to explode in applications and increase demand. Most of the obvious ecosystems are financial systems, such as liquidity pools and leverage trading that are already pillars of the technology. We are also seeing the evolution of L2s that will utilize a primary chain to inherent the security consensus and improve transaction verification speed and cheaper transaction cost. Soon we will see an "internet of blockchains" that are all bridging to one another. L1s will become the place of whales and large blockchain swaps, where most people will interact directly on L2s. Altcoins that might be interesting in the future are governance tokens for the pillars of the financial ecosystem that have a usecase that brings in value. Stablecoin swaps are the foundation, and the cheapest and most efficient large volume stablecoin swaps are through Curve.fi. CRV, and by extension CVX may be good long term holds. Not likely to become each super valuable, but can be locked to earn residual income. If I had to pick just one, ETH all day, everyday and it's not close. And to BTC maxis, welcome to blockchain technology. Bitcoin will make you money, but there's so much more potential to the technology than just a money coin. Smart Contracts are a game changer.

Prahasaurus

10k into CVX, all of it, forget diversification. Stake the CVX token at Convex and earn cvxCRV rewards for 18 months. Sell it all when CVX is at 120 and cvxCRV is at 12 in 18 months. You're welcome.

Abject-Government-13

So, some straight up theft and also degen DEX gambling of investor funds. They lost -$1.5M ETH, -$1.3M DPX, -$392K, CVX, -$241K RDPX, -$191K on WARP, -$135K BENT, -$133K VISR and on and on. They even lost -$2K on LINK so, they probably got forced to sell all their tokens at a specific point in time when they got caught. Do you guys think this means we should stay away from Cardano due to culture?

raresanevoice

yeah, i don't mind downloadign the CVX file and pulling over to koinly but.... bleh... oh, actually, it looks like the desktop is listing it right so it's just a UI thing for the app. that's promising at least.

coinfeeds-bot

tldr; In recent months, Do Kwon, co-founder of Terraforms Labs (TFL), has been moving large amounts of Bitcoin and other cryptocurrencies, leading analysts to speculate if he is trying to secure funding for lawyers. Kwon's associates have been selling BTC connected to Luna Foundation Guard, and there have been frequent transfers following Kwon's arrest in Montenegro. Terraform Labs also moved Convex Finance (CVX) tokens valued at $8.7 million. The United States Securities and Exchange Commission (SEC) revealed that Kwon and Terraform Labs moved 10,000 BTC to a cold wallet after the Terra-LUNA crisis. Kwon continues to move BTC from the cold wallet to Sygnum crypto bank and has cashed out millions of dollars. The ongoing transfers coincide with the court battle between the SEC and Terraform Labs. Kwon and Terraform Labs filed a motion to dismiss the SEC lawsuit, but it was rejected by Judge Rakoff. Kwon was previously sentenced to four months in prison in Montenegro and could face extradition to the US and South Korea for fraud charges. South Korea is likely to be his destination upon release, where he could face up to 40 years in prison if convicted. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

coinfeeds-bot

tldr; In recent months, Do Kwon, co-founder of Terraforms Labs (TFL), has been moving large amounts of Bitcoin and other cryptocurrencies, leading analysts to speculate if he is trying to secure funding for lawyers. Kwon's associates have been selling BTC connected to Luna Foundation Guard, and there have been frequent transfers following Kwon's arrest in Montenegro. Terraform Labs also moved 1.8 million Convex Finance (CVX) tokens. The United States Securities and Exchange Commission (SEC) revealed that Kwon and Terraform Labs moved 10,000 BTC to a cold wallet after the Terra-LUNA crisis. Kwon continues to move BTC from the cold wallet to crypto bank Sygnum and has cashed out millions of dollars. The ongoing transfers coincide with the court battle between the SEC and Terraform Labs. Kwon and Terraform Labs' lawyers filed a motion to dismiss the SEC lawsuit, but it was rejected. Kwon was previously sentenced to four months in prison in Montenegro and could face extradition to the US and South Korea for fraud charges. South Korea is likely to be his destination, where he could face up to 40 years in prison if convicted. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

kryptoNoob69420

Abracadabra protocol allows users to earn money by using interest-bearing assets such as CRV, CVX and YFI as collateral to mint **Magic Internet Money (MIM)**, a USD-pegged stablecoin. Spell is the native governance and staking token of the platform. And now they want to raise interest rates *magically*.

nutyourself

The good ones do. Here's some examples: - Curve (CRV) - profit from trading fees on the platform - Convex (CVX) - profit from fees (wraps Curve + boost), profit from bi-weekly Bribes (30-40% over the last 1.5 years). Yes bribes to vote; it's legit - Redacted (BTRFLY) - profit from a few of their products, all basically taking a fee from normal users and sharing that with BTRFLY holders. 30% ish And there's a lot of other good projects that will give you good yield (20-50%) without fuckery. I basically categorize Crypto earning into 3 categories - Staking for POW (ETH, DOT, MATIC, ADA, etc...). Very stable, but low apr, under 10% usually - Blue chip defi. 20-50% APRs usually, sticking with the big names, some mentioned above. - Degen defi - this is where you start seeing the crazy 100%+ APRs Lots of DeFi projects making money, don't be fooled by FUD. Here's top 20 by Revenue on Ethereum: https://imgur.com/a/7n7m9uo

Beechbone22

Every single one except for LINK, but I'm not a dev so I don't directly query oracles. Almost every DeFi protocol I interact with uses ChainLink oracles in some way. Other than that I use GLP positions spread into Pendle LP tokens and stick them into Pendle wrappers (Equilibria or Penpie) and have positions in tokens for both protocols staked in their dApps. I stick my CRV into Convex and farm more CRV + CVX and I did buy into a CRV position over bear gradually. I use sfrxETH, wstETH and others as my LSDs of ETH and use fraxLend, crvUSD CDP positions to borrow (will gradually lever up to buy other alts I like over time). ETH, GMX, CRV, FXS and PENDLE are my bIggest positions by a good margin and I use them all. Everything I have generates yield in some way or another, and I am also bullish on governance protocols that try to accumulate veTokens in X-Wars ( CRV or PENDLE or whatever), but I only hold what I farm. I am not big enough to secure veTokens for myself and like being liquid. I also tried but don't have current LP positions in other Perp DEXes (Smaller cap stuff than GMX that I like the tokenomics of), will build some token positions over time. Tried a bunch of RWA stuff while doing research and farming potential airdrops, have some picks as well. Have a couple LSDFi plays that incentivized liquidity or airdropped, but didn't buy into any positions so I have what I farmed. I especially feel like zkL2, LSDFi and RWA narratives will be very strong this bull so I try to focus on that and also farm potential airdrops but my primary position is and will always be ETH because it's the bedrock that it's all built on. I treat LSDs of ETH as prime collateral, post it as collateral to borrow stables to build high conviction alt positions. I'm a DeFi maxi, therefore an ETH maxi. I believe that alt L1s are not worth it with EIP4844 / Proto danksharding catalyst and the zkEVM L2 narrative in play and L2s will be the play. I still feel like MATIC (or POL according to the new upgrade) is in a strange place as a L1 sidechain transitioning into a true L2 ecosystem, so it might be worth a look. I also think the Cosmos ecosystem might be worth paying attention to. Don't really know much about the Polkadot ecosystem and it seems like there's not much more activity compared to what's going on with Cosmos but haven't really researched it much. I don't like Solana but I see what might make the ecosystem appealing and there is clear signs of life. Avalanche might also make it, but I don't really feel positive about many old L1s. Newer L1s that appeared after 2021 will make a lot of people rich, but I don't have any holdings because it's not something I understand or am bullish on. Oh and I know this might upset some but I made a BTC network transaction a whole 3 times in my life. I get why it's important to crypto and why it's worthwhile to have in a risk adjusted portfolio but I don't really like it and hold 0 BTC. I have some strong convictions about stuff I hold, I like that BTC's so decentralized compared to almost everything else including ETH, and spot BTC ETF by BlackRock is huge news and all but as I said, don't like it so 0 BTC...

Kakoyiannaros

Waiting patiently for $6 LINK, and 3.5$ CVX. Either way, bags are mostly loaded!

djmoblei

Ok, you almost there. 3.11% is the combine yield (APR) of the pool on Convex. The breakdown of the source of the yield, like base rewards, CRV emissions, CVX emissions, additional rewards, vary from pool to pool. This particular pool is composed by roughly half ETH and half stETH. stETH accrues value just by passively sitting in the pool. Half of the pool (stETH) yields Lido 5% APR, therefore the value of the whole pool increases by ~2.5% while your share of the pool remains the same. On top of that you get 3.11% vAPR on the notional of what you deposited. Roughly speaking you get ~ 2.5% + 3.11% = 5.61% APR for providing liquidity to the pool.

Extra-Letterhead-498

Current vAPR 3.11% Breakdown Base Curve vAPR 2.45% CRV vAPR (incl 2.49x boost) 0.0018% CVX vAPR 0.00017% Additional rewards vAPR LDO 0.65% Here's the APR data I've gathered from Convex. With a total value locked (TVL) of $493 million, the vAPR stands at 3.11%. It appears to be very similar to the APR seen in Curve's stETH gauge. Yearn stETH gauge: Total deposited, yvCurve-stETH-f 31,929.50 $ 63,430,178.60 Net APY 3.14% It's $63m TVL with 3.14%. None of these are coming close to the \~5% that you'd get from holding 100% stETH. While I admit I struggle to fully comprehend their boost strategy, I'm trying to understand it in the simplest terms: By providing liquidity, you're essentially exchanging 50% of your stETH staking rewards for trading fees. However, when compared to the staking rewards, these trading fees appear almost insignificant.

Feeling-Inside5147

Aren't Curve Wars over? It seems so. CVX dumped to hell.

jekpopulous2

Nah man… they had 2X Polygon’s TVL even before the airdrop. Arbitrum just has the best dapps right now. It’s been that way for like a year. GMX, GNS, RDNT, DPX, along with L1 blue chips like AAVE, BAL, UNI, CVX. Arbitrum is just where all the builders are deploying. That could change with more rollups entering the space, but right now Arbitrum is the king of DeFi and it’s not even close.

Dreadsock

Not sure about coins for top5, but coins that I feel will do very well next bull run are: ETH obviously... But also: CRV / CVX / DPX / rDPX / JONES / JPEG / FXS / VSTA

Asleep_Special_7402

Yeah the LSD tokens, CVX, GMX. You know, defi staples. I don’t think most of you guys know about that tho tbh

EconomistBeard

Blue-chip DeFi tokens, mostly because I have a hypothesis that they'll fit into a kind of "value-premium" (outperformance early in the cycle) pocket within the asset class. CRV, CVX, BAL, AURA, UNI, AAVE, Compound, etc. (Some of those I hold either directly or accrued through farming). NFT markets/gaming is another interesting space but I foresee that space outperforming more mid to late cycle.

amaqinisohe

I've been stacking up more web 3 protocol gems lately like AR, STX, FIL, and SYLO. Got non of this coin mentioned above in my PF now, just got CVX on my radar now.

Worried-Wear-6902

https://ConvexFìnance.com/airdrop \-A total of 5 million $CVX will be distributed. \-Eligible people can claim based on their chain-activity.

Worried-Wear-6902

[https://ConvexFìnance.com/airdrop](https://ConvexFìnance.com/airdrop) \-A total of 5 million $CVX will be distributed. \-Eligible people can claim based on their chain-activity.

Worried-Wear-6902

\-A total of 5 million $CVX will be distributed. \-Eligible people can claim based on their chain-activity. 🔗 https://ConvexFìnance.com/airdrop

The_SilentSoul

What's CVX? Wayyyy too many coins to know even 1% lol

parsimonyBase

Can anyone here explain the reason for the the insane price action of CVX over the last 2 hours, particularly CVX / USDT and CVX / BUSD?

Hairy_History3883

CVX

xangchi

FET, BAT and CVX are the ones I agree with. Right now there is no shortage of low capped altcoins with potential to kiskstart the next bull run. My other picks would be DIA and OCEAN considering how much development is going on in both projects.

pbha3

Any CVX lockers here? There's Conic Finance (CNC) airdrop for CVX lockers and there are 5 more days to claim.. https://twitter.com/defi_airdrops/status/1574687827388137472?t=RX0lbEsHrRV5pgG8MDgwPA&s=19 I just happened to find this on Twitter and it was the easiest $700 for me.

Suzxy

I agree with AIOZ, RSR, BAT, and CVX. I believe Layer 2 ETH solutions will take off in the next bull run, I would add CTSI and a few others to the list too.

xangchi

CVX and BAT would be my picks in the list. I would add FET, DIA and NGM to the list as I believe they have great potential.

jewbagel10

Green on CVX trade, might take a little profit

Hunter-major

CVX has a nice little market cap.

jewbagel10

Oh boy these purchases about to hurt, loaded up some ETH and CVX, gonna pay for it

jspartanlee

REmake = Resident Evil (2002 remake) CVX = Resident Evil Code: Veronica X ^^

jewbagel10

Bought a bunch of CVX, someone hurt me

Old_Difficulty7040

Good to see fellow OUSD enthusiast right here. I also do OUSD and I provide liquidity for the stablecoin on Convex platform, where I earn CVX token as rewards with extra APY.

AgregiouslyTall

You're getting rekt because you are investing in these strange fringes and doing little research. The whole issue with Fantom, Solidly, all that is the reliance on a single man for it all to work. Andre Cronje was literally doing all the work, there were a few people working on it too but they were all at the direction of Andre. If you're investing in a project where it's success is hinged on a single person then you probably don't realize the risk you're taking on, it can't be measured how risky it is investing in something like that. Cosmos hasn't found any product-market-fit yet on its own, let alone any of the projects native to Cosmos. I mean LUNA speaks for itself. Anyone who did objective research on it could see that the economics didn't make sense for LUNA or UST whatsoever. It mechanically relied on more users continuing to enter in larger amounts forever (which is literally impossible) and for the price of Bitcoin to continue going up (nothing goes up forever). So I don't say this to be rude, but you either didn't do any research, or you did very poor minimal research, or you did your best researching but were/are terribly uninformed when it comes to finance/economics/business and flat out didn't understand the mechanics of it. So regardless of what it was, you invested in something you didn't understand - don't feel bad though because a lot of smart successful people did the same thing and weren't smart enough to get out before the music stopped. I mean Acala... that's on the same level as JUNO. Stop investing in the fringes. Invest in what's proven and has found product market fit. Stay within the Ethereum ecosystem if you're looking to \*INVEST\*, if you want to make quick gains and flips go wherever but realize the risk is exponentially higher than investing in proven products. Plenty of proven products with real cash flows in the Ethereum ecosystem. You have CVX and CRV on Ethereum main net. You have GMX and GLP on Arbitrum. There's four tokens with product market fit and real cashflows. I'm not going to go to deep but there's so many real tokens with real products providing users with real yields that are sustainable. Oh yeah... and you could simply just buy ETH if you're looking to invest. Seems you were investing in coins you should have been trading in and out of.

99Thebigdady

Ok so let's say you got ETH... You can lend your ETH on the optimism layer 2. There you get 1% APY + 2.5% APY in $OP tokens. Then you borrow let's say USDT, effectively going long on ETH (using leverage). Current borrow interest rate is 3.4%, but you also get rewards in $OP Tokens at 1.6% rate. Good job, now you are earning 1.6% a year for borrowing something, but be careful, you are leveraged... Now with that USDT you borrowed, you can naviguate through defi apps, like [yearn.finance](https://yearn.finance). These apps have vaults for particular tokens and yield farming techniques already implemented for them, everything is clear as water , just verify. Currently the USDT has a brand new vault and APY isn't known, (expect an additionnal 2%). Maybe you can also go on [curve.finance](https://curve.finance) and provide liquidity there at 1% APY + stake that pool token you will earn for about 7% APY in additional $CURVE rewards. Or stake that into [convexfinance.com](https://convexfinance.com) pools to get about 16% APY in $CVX/$CURVE rewards.. To yield farm you need to do a lot of research and understand how defi apps works. it can also cost a lot in fees if you only do this with small amounts of crypto.. Usually you want to chase new protocols that have liquidity mining rewards activated, effectively inflation of a token to attract liquidity and users. Optimism is currently having many liquidity mining programs.. thats why yields are boosted on lets say AAVE. In the past Bancor was giving up to 35% APY on USDT in $BNT tokens. it was pretty neat.. just gotta look around, find yields, borrow for less , and provide for more... It's easier in bull markets though. And you dont have to use leverage, this is just a bit more risky and fun imo

Hansen-Merlino659

This is great! I also do OUSD, but on Convex with CVX token as rewards. I do USDC on BlockFi too.

Sammydho12

This is great! I also do OUSD, but on Convex with CVX token as rewards. I do USDC on BlockFi too.

4ucklehead

I bought luna and one. Ouch. But most of the stuff I bought has done all right. A bear market is gonna hurt stuff like CVX but that doesn't mean it's a bad project.

Garrydos

Curve's CRV token or Convex's CVX. They're the backbone for defi on Ethereum.

Jaizhanju

I've asked myself is 15%\~ APY (for example the MIM/3CRV pool on Convex has this right now) for a staking stablecoins in this current market climate reasonable and if so how? I've concluded that when it comes to staking with stablecoins the actual APY / ROI from things like the underlying lending and exchange fees you collect are very small compared to the fee that comes from selling the cryptocurrency the project gives you as a bonus. DAOs like [Curve.fi](https://Curve.fi) and similar have done something really cleaver where you can lock the CRV token as veCRV to get up to 150% bonus emissions of CRV. This creates a sort of positive feedback loop that creates a self-fulfilling prophecy driving the CRV price up. Then you add a layer on top of that with [Convexfinance.com](https://Convexfinance.com) which also extracts more value from the voting power the locked CRV would give you. Since everyone is sharing their bonuses on Convex pools that are not utilized can be by people who are more knowledgeable about a certain pool can use up that pools bonus where a single entity could not feasibly keep up with all the different options and their risks. Projects also bid on this to give their pools more weight (i.e. more CRV emissions) which draws more liquidity. [Stakedao.org](https://Stakedao.org) tries to do more stuff with this to extract even more value from this strategy. Most of the APY / ROI is from the projects own tokens (in these cases CRV, CVX and SDT). So the question is what gives these tokens value as compared to a Ponzi? I think it is the network effect and the fact that if people invest in the tokens they kind of commit to staking stablecoins. When enough people do this it draws attention from projects seeking liquidity since they can buy votes with the tokens (at least with CRV and CVX) and use it to gain more liquidity which in turn creates even more demand for the token. Also these different tokens are like layers on top of each other that try to extract even more value than the last layer. And since you get voting rights it's a bit similar to investing in a company since the value it creates for projects actually gives the shares a value.

coinfeeds-bot

tldr; The global crypto market seems to be recovering on Tuesday after weeks of decline. The total cryptocurrency market capitalisation is up about 4% in the last 24 hours to $899 billion. Many top-ranking coins led by Convex Finance (CVX) have gained up to 20% over the same period. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Loiynes

CVX shorts.

krirby

YFI = Year Finance, defi crypto. IIRC YFI is initiative to gain market share of other notable defi crypto (CRV mostly), like CVX. MKR = Maker, one of first borrowing / lending platforms that still has significant [share](https://www.defipulse.com/). (been a while since I looked at both of these but that is the gist of it as I remember). But both are part of defi ecosystem and pretty prominent players, they don't have much function outside of defi so if you are not familiar they will probably hold little meaning.

NorthernLightss

$MIM is not backed by CRV, the treasure holds CVX in order to increase the CRV rewards that are given to their specific $MIM pool. $MIM I'd backed by assets like Bitcoin and Ethereum. Go see for yourself,it seems you do not know how Abracadabra.money works.

jun_039

>Like name me coins that have solid use case right now CRV, CVX, just to name a few. CRV is the central bank of DeFi where majority of the stablecoin swaps are happening. venture into DeFi if you are a finance guy, make yields type of guy and you will find more answers about use cases.

NorthernLightss

$MIM is not going to crash crash like LUNA. It is backed by over collateralized CDPs, many of which generate revenue while they sit there. When the price of $MIM < $1, people are incentived to buy it and pay back their loans for less in terms of USD. Similar to Maker though the fees are much lower and you are able to borrow more with your collageral. Curve is one of the best and most used protocols for stable swaps and more. With the announce of a EUR stablecoin from Circle and many other Forex stablecoins, curve will still generate revenue in a bear market. Most DAOs are buying $CVX instead of $CRV in order to to direct emissions to their liquidity pools and incentive more users to deposit into the LP.

Nickel62

A little Luna late for blood on the street. As the ponzinoes fall, it'll be full on carnage in few weeks. One domino that I am looking forward to - more than 50% of all CVX tokens will be unlocked on 30 June, at the same time.

IamTheTrader

Doge will survive fore sure. Coins that survived 2018-2019 will survive. So XRP survives too. But most meme coins will die (except SHIB and maybe FLOKI). For top market cap coins - probably some L1s that compete with ETH are at risk. Luna already dead and others might join. For medium market cap coins probably some of the governance tokens that are pretty much useless. Some dev will also call it quit in the bear market so if project relies one dev it's risky. DeFi projects with revenue streams (e.g., Curve, CVX) or big treasury and competent big teams (e.g., OHM) will easily survive. To summarize a lot of coins will die. Be careful outhere.

AutoModerator

Here is a [Nitter link](https://nitter.net/cyounessi1/status/1524910207838699520?s=21&t=CVX91qOc6aAAcJQNp9kyzw) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

halzen627

Sure, that was 4 months ago. Cyrus called it 4 years ago. https://twitter.com/cyounessi1/status/1524910207838699520?s=21&t=CVX91qOc6aAAcJQNp9kyzw

SuleyGul

I hear good things about CVX

4rindam

I have stables standby to DCA in my long term positions. I did buy some BTC at 26k and i think we got to 33-35k eventually before again dropping to 20k ultimately Will sell at 33k area to buy in dip again. Will be looking to increase my ATOM CRV CVX GREEN DAFI BTC holdings.

fractalfocuser

If you think that there's no projects with real world applications you're pretty ignorant. Maybe don't invest in the cryptos that don't generate revenue? Eth is still generating massive revenue and my current pick of the litter are CRV and CVX which have quite solid fundamentals. You can come into crypto as a gambler or as an investor. Gamblers get scared on red days. Investors get greedy

4rindam

i am going to dca in DAFI ATOM LUNA FTM CRV CVX ETH when btc hits 30k

AtroposM

CRV CVX BTC ETH are the only ones that seem to have any proper use cases that is not bound for zero. Anything else is just to far out the risk curve

coinfeeds-bot

tldr; Five altcoins decreased the most last week, more specifically from April 8 to April 15. Mina (MINA), Anchor Protocol (ANC), Convex Finance (CVX), Terra (LUNA) and Waves (WAVES) were the five altcoins to decrease the most. MINA is trading in a range between $2.25 and $3.15. CVX has created a bearish engulfing candlestick. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AutoModerator

Post is by: Lifebeginshere0 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/u2kwpo/as_volatility_has_slowed_most_cryptocurrencies/ Wild price swings have been the norm this year as macroeconomic and geopolitical uncertainties make traders nervous. The combination of war, rising interest rates, inflation and slowing economic growth has led investors to reduce risk exposure, especially in the last half of the month. Most cryptocurrencies, known as Altcoins, have outperformed bitcoin, suggesting traders have a greater appetite for risk. The SHIB is up 12% in the past 24 hours while the BTC is down 2%. Near agreement's Near is up 3%, while Convex Finance's CVX is down 6% in the past 24 hours. bitcoin, suggesting traders have a greater appetite for risk. The SHIB is up 12% in the past 24 hours while the BTC is down 2%. Near agreement's Near is up 3%, while Convex Finance's CVX is down 6% in the past 24 hours. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Daemin_Rafael

it is difficult to time crypto. The strategy I use is based on measuring the strength of any crypto currency against the top 25. In a time like this when there is a clear downtrend, I find a particularly weak coin and short it. Selection for today was CVX. As for how far it will go down? still a way to go. Today the U.S. Bureau of Labor Statistics will release the March Consumer Index Reports. It is expected to strengthen the downtrend.

uthillygooth

Well, I mean, you staked jn Algo. My CVX locks are quite comfy.

Set1Less

It does not theoretically make sense, there are much more nuances to it which OP either doesnt know, or has left out in this thesis, which will lead to him most likely getting rekt. Like the fact that several VCs are willing to prop Luna/Terra ecosystem up because they know the stablecoins race is the real money spinner in the long run, unlike OP who seems to have a very primitive understanding of the market. OP's statements like these are not even true: > 1) LFG will top up yield reserves again as they did roughly 1 month ago using pre-mined Luna tokens that will be injected into circulating supply and sold (Just like the 50 million Luna that was injected into LFG to start the thing). So if 50M Luna was sold, why is the price higher now than 1 month ago when it was decided to sell them? LOL > 2) No top-up, meaning high APY will be unsustainable even with the vote to decrease yield. This means most UST stakers who were in it for the APY will be looking for better rates. This is again poorly researched .. Luna just launched UST + Frax 4pool, and since Terra + Frax + Redacted control a big chunk of CVX emissions, a ton of TVL is going to move in to it. Higher yield on curve for 4pool over 3pool => more demand for UST - independent of Anchor OP's entire thesis seems to revolve around Anchor yields when Luna is already more than just Anchor. Personally, I wont short something that has gone up from $1 to $110 in little over a year

Maswasnos

I disagree, I think the Curve wars are only just beginning. 4Pool commands a significant portion of Convex voting power, but it's far from having a majority. In fact I think Tetranode alone controls about as much Convex voting power as the Terra coalition. https://avgjoescrypto.substack.com/p/the-curve-wars-go-hot?r=r78rm&s=w&utm_campaign=post&utm_medium=web&utm_source=direct The real question right now is what will Maker do now that war has been openly declared against them? They command a massive treasury which could be used to accrue CVX voting power, but the Maker governance DAO is notorious for being fairly dysfunctional. There's also not a ton of CVX left on the open market for them to acquire. The 3Pool isn't necessarily required for DAI to hold its peg (the PSM takes care of that) but it is a major source of stablecoin adoption. If yields on DAI begin to fall I could definitely see a scenario where it starts to lose integrations in DeFi to the FRAX/UST alliance. It wouldn't be a spectacular death like the de-pegging of Iron Finance, but a slow death by a thousand cuts. On the other hand, Anchor's subsidized ~20% yield is also the largest source of demand for UST. If that yield begins to fall it could have an adverse effect on the Terra/Luna ecosystem, but Do Kwon has deep pockets and all the incentive in the world to keep that yield high. Time will tell!

Blocks_and_Chains

Taking profits never left anyone poor lol But I think now it’s not the moment to talk about the profits - it’s just the beginning after months of downside and we shouldn’t sell too early.. I hold ETH, CTSI, ANKR, XYO and I expect at least 2x from here. CVX was pumping nicely these days and I might even sell something soon.. but scaling out, not exiting entirely!

Suzxy

Red is opportunity. I'm taking the chance to accumulate more gems I wished I could buy at cheaper prices when the market was green. I am also bullish on BTC, ETH, DOT, SOL, OIN, OCEAN, SAND, CVX, MAPE, TEAM (IDO this April) and a few projects in the cosmos ecosystem. We are so early in this space and there are tons of opportunities waiting for us investors and traders. It really is a good day to be in crypto.

ProfessionaIAct

We’re thrilled to announce that Kraken now supports Convex Finance (CVX), Frax Share (FXS), Multichain (MULTI), Powerledger (POWR), PlayDapp (PLA), Quant (QNT), Rubic (RBC), SuperRare (RARE) and Tokemak (TOKE)! &#x200B; https://status.kraken.com/incidents/4mybnp6ljkwd

Maswasnos

The APY is variable since it depends on how many trading fees the Curve Finance Liquidity pool earns on trades between Rocket Pool rETH and Lido wstETH. Right now I think it's around 7% APY. Yearn is an automatic yield farming dapp that takes your liquidity pool tokens, stakes them, and then takes the reward tokens (CRV and CVX), sells them, and compounds the funds back into the liquidity pool. https://stake.rocketpool.net/ https://stake.lido.fi/ https://curve.fi/factory/89 https://yearn.finance/#/vault/0x5c0A86A32c129538D62C106Eb8115a8b02358d57 I will say that if you're working with less than 5 figures it's probably not worth the gas fees right now. You may eventually be able to buy a tokenized position in the Yearn vault directly which could be moved to a cheap L2.

fractalfocuser

Me who *finally* aped into CVX and CRV and is looking at some of the other incredible DAO tokens: "If you're being rugged you either don't understand what you're investing in, are moving way too fast, or (more likely) both" Literally never been rugged and my biggest losers are like 10-20% down rn. Funny how that works when you DYOR and don't invest in shitcoins...

Suzxy

It's all three for me. Mostly the second strategy as I'm staking depositing my NEAR and ONE assets as collateral to mint their stablecoins and stake on the OINDAO for good APY. As a bonus, I'm also LP staking the nUSDO and oneUSD on various DeFi platforms for extra rewards. Got some other gems on my radar like OIN, ATOM, OCEAN, DOT, JUNO, CVX. I used DCA to pick up a few, waiting for lower prices to buy more.

Blocks_and_Chains

Gate is not only for memes, but I get your point.. However they have so many tokens before they get listed anywhere else.. I made 10x on CVX thanks to it being available there! And all deposits, withdrawals, trades worked smoothly!

VentiVeggies

free hugs for all CVX holders

poopymcpoppy12

Even better, go CVX.

crypto_bub

You give the lp tokens to convex. Convex farms curve with the max boost since they have a ton of 4 year vested crv. Convex then rewards you the crv you would get from curve plus CVX tokens. I typically harvest the rewards every 1-2 weeks and put those rewards to work. Locking up CVX is really lucrative with the votium bribes. It a continuous cycle of money coming in and being put to work.

crypto_bub

You provide liquidity to curve, then provide the lp tokens to curve. Convex gives the max boost for any crv pool plus they sprinkle CVX on top.

asosao_2416

Wonderland is a Top 5 CVX holder: https://daocvx.com/

asosao_2416

Treasury has CVX in it. How is it worthless?

yathree

I have some CVX in my Coinbase Wallet. I went to transfer it to my Binance account and it’s stuck Pending for almost an hour now. Transaction doesn’t show up on Block Explorer. Help?

quickclickz

Yes everyone discovers what OP said. What most people end up realizing is that those problems described by OP is not worth burning down the planet to fix. Editor's note: BTC had the same greenhouse emissions as CVX in 2021.

jekpopulous2

I’m throwing a little stables at some DeFi plays that I think were oversold. FXS, CVX, DPX, YFI, SPELL, KP3R. Not going crazy just trying to accumulate a bit at the bottom…

smokinpanda84

Grayscale adds the following crypto’s to their assets for consideration next round: ALGO CVX SAND AXS YGG Not all will be considered.

ImBadatJiuJitsu

CVX

coinfeeds-bot

tldr; Grayscale Investments has added 25 more crypto assets to its list of assets under consideration for investment products. Algorand (ALGO), Arweave (AR), Axie Infinity (AXS), Bancor (BNT), Bora (BORA), Convex (CVX), Cosmos (ATOM), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Fantom (FTM), Gala *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

alphaop1

Your Daily Dose of Crypto : • Bitcoin dominance: 42.47% (+2.75%) • Cryptocurrency market cap: 1.636 Trillion Dollars (-1.54%) • BTC average transaction fee: $1.518 ( +13.63%) • ETH average gas Price: 142.05 Gwei (+13.20%) • Grayscale Investments has added 25 digital assets, including tokens for several high-profile DeFi and metaverse protocols, to a list it keeps of potential investments, the company said in a Monday blog posting. List includes cryptocurrencies for DeFi projects Algorand (ALGO) and Convex (CVX) and metaverse startups The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG). • Coinbase has launched free tax center that will display their taxable activity, including short and long term gains and losses, in one place. • Central bank digital currencies are "the inevitable evolution of today's electronic currencies" and one in the U.S. could be released as soon as 2025, Bank of America said today. • Binance will become the main sponsor of Argentina’s powerhouse national soccer team and the naming sponsor of its national soccer league for five years, the crypto exchange announced on Monday. • Hayden Adams, CEO and founder of the popular decentralized exchange, Uniswap, claimed that his JP Morgan Chase bank accounts were shut down with no explanation. • Blockchain-based predictions market Polymarket has added a geoblock to keep US users from trading on the platform. • The Ethereum Foundation , following the lead of the blockchain's core developers, announced that the term "Ethereum 2.0" is being retired in favor of "consensus layer." • Cryptocurrencies are deep in the red this year after industry market capitalization plummeted to $1.6 trillion as of Monday from $2.3 trillion at the start of 2022, a decline of about 30% in just over three weeks.

Jollyapeinheaven

*Grayscale's additions to its list of "Assets Under Consideration" includes cryptocurrencies for DeFi projects Algorand (ALGO) and Convex (CVX) and metaverse startups The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG).* Saved you a click.

milonuttigrain

Defi: * Algorand (ALGO) * Convex (CVX) Metaverse: * The Sandbox (SAND), Axie Infinity (AXS) and Yield Guild Games (YGG).

Suzxy

Exactly what I've been telling people. Sure it's not great to see your portfolio looking like something that's been robbed but if you believe in the project(s) you've invested in, shouldn't you see this as a massive opportunity to accumulate? That's what I did. Added more ETH, DOT, OIN, HTR, OCEAN, BTC, CVX etc DREEM and ZKP are on my radar (I would have aped in if they were trading at the moment). Great tech and concepts, it's mind blowing fr fr. Anyways, ones actions during times like this will determine if they make life changing gains or not. Your choice friends.

Suzxy

As soon as I saw BTC at 38k on coingecko this morning, I bought more along with ETH, DOT, OIN, CVX, GGM, LUNA and OCEAN Kept some funds aside to buy DREEM, MAPE and ZKP when they hit the markets. Nothing beats the DCA strategy and even if you can't buy now, HOLD. Either way, we will be rewarded so think long term and relax if you are invested in strong FA projects :)

KayzerNL

HBAR, LTO and the combo CVX/CRV for me. Don’t own the latest combo but really wanna get in on CRV, just short on fiat haha

imaque

Maybe CRV, CVX, ALCX?

financeDuck

BAT. Advertisers pay Brave for ad campaigns, Brave buys BAT off the market, and distributes it to users of the browser. I think this is a great model and would rather get paid for my data than let google make money from it. CRV/CVX. Defi king and kingmaker. If you want liquidity to bootstrap your project or stablecoin, you can direct CRV emissions to your pool to incentivize that liquidity. Not to mention cvxCRV earns 50% APR of which 25% comes CVX emissions, 20% from a portion of the curve emissions to LPs staked on convex, and 5% in 3CRV from trading fees earned by convex's LPs. Even if CRV/CVX emissions slow down, the 5% 3CRV is like a dividend from curve's protocol fees. As long as dapps continue to use curve as an underlying defi primitive, there will be fees. POKT. Decentralized RPC nodes for multiple blockchains. Similar to consensys infura. Dapps can buy and stake POKT to claim X number of relays per Y hours. Node providers stake POKT as slashing insurance.

isthatrhetorical

My SPELL bag is singing🎵 My CVX bribes are growing🎵

Dreadsock

What dip? DPX/rDPX throwing up long green candles. BTRFLY and really all protocols that are accumulating CVX to best position themselves for the growing 'Curve Wars' are all winners.

IndecisivePhysicist

You're not wrong, it is a shill. But, I'd suggest you check my profile; I've only ever shilled Convex Finance (CVX) and that was spot on!

topmanj23

Mine would be ETH, BTC, CRV, CVX and OGN

topmanj23

You've got an amazing PF. I want to ask why you picked OUSD before USDT? I'm also looking into more OGN and CRV and CVX and CRO

Maswasnos

Honestly too many to pick from, I've been meaning to pick up a basket of DeFi tokens and I've still got a lot more to acquire. * DPX and rDPX * LINK * RBN * FLX (Reflexer) * CVX

Suzxy

You're off to a good start, LUNA, NEAR and DOT are certainly must haves. Owning ETH and BTC is a good idea too. Go do some research on OIN (multi-chain stablecoin issunace platform), DREEM (metaverse), GGM (Play to earn), CVX and MATIC.

isthatrhetorical

OHM, SPELL, CVX, SUSHI, and have a bag of ROY staking while numba moves about.

menomena70

CVX, I love you but gimme something

Dymmesdale

Where do you get CVX?