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Brad-Hayes

So if you don’t have enough CVX, any project has

a risk of losing most of their liquidity for swapping from stable to stable?

#cryptocurrency #english #frax
0

2 ответов

20 просмотров
merx-Leikar

basically Convex is a way for users to get the benefits of staking CRV (veCRV) without a long lockup. When you lock CRV into Convex they then stake that on Curve. CVX now gives you voting rights on what Curve pool to throw its weight behind. tl;dr a bunch of protocols are using Convex to control Curve's gauges in their favor to get a bigger share of CRV rewards. Sorry if that made zero sense its kind of hard to explain

0
24.10.2021
Brad-Hayes Автор вопроса
merx Leikar
basically Convex is a way for users to get the ben...

But is what I said true? That the end goal is preserving your own project’s liquidity pool depth on Curve? Thank you for explaining this stuff btw. DeFi has turned into Inception, how many layers deep the integrations go

0
25.10.2021

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