Convex Finance (CVX) Price Prediction 2022: Will The Coin Hit $60 This Year?

 The world of Defi has been spectating innovative projects every second day. The projects have been serving varied sectors from self-driving cars to smart cities. New and improved acquisitions hit the market every other day. One of those competent inventions is Convex Finance, which boasts its native token CVX.  Curve Finance, a decentralized exchange platform …

Timeline of Convex-finance

Convex Finance is a DeFi protocol built on Curve Finance and aims to reward liquidity providers and those who stake Curve Finance's native token, CRV, with additional yields. According to data from Curve Finance, at the time of press, the exchange's pool for Convex CVX tokens stood at 9,639.54 wETH ($10.57 million), which was available

$126 million worth of Convex (CVX) tokens are about to be unlocked at a time when the liquidity for CVX swaps is on the decline. The post Convex liquidity declines amid imminent $126 million token unlock appeared first on The Block.

The market is steeping in a state of extreme fear which has sent shivers through even powerful DeFi players. However, some of these tokens seem to be caught squarely between bulls and bears, as they wait to make their next move.

Increased demand for CVX during the recovery attempt of the market in March stabilized Convex Finance TVL which has surpassed Aave (AAVE) TVL at the beginning of May 2022.  The post Convex Finance (CVX) Surpasses Aave in Total Value Locked appeared first on BeInCrypto.