Convex Finance [CVX]: With 14 unlocks left to go, investors can…

Convex Finance, a DeFi protocol built on Curve Finance, on 30 June, commenced unlocking its CVX tokens. This resulted from limited liquidity to allow for swapping CVX tokens to Ethereum (ETH).

Timeline of Convex-finance

On July 5th, the Convex Finance (CVX) price triggered a double-bottom pattern breakout as buyers pierced the $5.55 neckline. Moreover, if the coin price shows sustainability above this resistance, the accelerated buying momentum will propel the recovery march to the $9 mark.

Today's cryptocurrency market is filled with thousands of projects that seek to contribute to the growing acceptance of blockchain technology. Several of these projects need to operate on a blockchain network, and most of them resort to the Ethereum (ETH) blockchain.

Convex Finance released two URLs after the spoofing exploits and said that the investigation of the DNS hijack is still underway so let's read more today in our latest cryptocurrency news. The Domain Name Server of the Staking platform Convex Finance was targeted in the latest spoofing exploit.

 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 …

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.