Convex Finance has been labeled as a "DeFi 2.0 protocol," a second-generation decentralized finance (DeFi) platform that has enjoyed wide success in the cryptocurrency industry due to its yield-optimizing mechanisms. The platform works alongside Curve Finance, a decentralized exchange (DEX) liquidity pool designed to work with stablecoins.
Through various staking and liquidity-providing techniques, users can increase their earning potential and tap into a wide range of benefits such as lower trading fees, higher yields, no withdrawal fees, and earning a secondary source of income from already-owned tokens.
Convex Finance was created by a pseudonymous founder in May 2021 and recorded $68 million in total value locked (TVL) within the first month. Eight months later it reached a peak of $21 billion TVL.
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then use these funds to buy Convex or any other coin or token with a click on the Tap mobile app.
You can buy CVX directly with your debit card on the Tap mobile app in one smooth process. Deposit funds absolutely free of charge, then buy CVX for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Convex at some of the market's greatest rates, making it ideal for traders who want to be on the same page.
Be at ease onboarding cryptocurrencies knowing you’re using a fully regulated provider. Tap offers cutting-edge technology, token features and top security processes enabling biometric login and backend encryption and excellent customer support. You can rest assured that your funds, private data, crypto wallets and account are secure at all times.
Tap mobile app is the solution to all your cryptocurrency problems, from where can you buy Convex tokens to how to store the CVX tokens. Become a savvy investor with Tap today.
Get the best price for your crypto
Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available price on the market in real time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price to buy crypto, whether you're looking to buy or sell Convex Finance tokens.
Start investing in Convex Finance today and get started with as little as $10/€10. Purchasing CVX tokens has never been this easy making it an ideal tool for everyone from beginner to seasoned crypto investor. Trade on the go, invest and earn, build your wealth and join our ever-growing community of users in building a better financial future with Tap.
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Frequently Asked Questions
Convex (CVX) is an ERC-20 token that serves as both a governance and utility token fueling the Convex Finance platform.
The Convex protocol was designed to elevate the earning potential of DeFi participants and to simplify Curve’s staking functionality. The protocol works alongside the Curve Finance platform, and offers additional rewards to users already utilizing the platform.
Users holding Curve CRV tokens can stake them on Convex, instead of Curve directly, to tap into additional rewards. These rewards include CVX and a portion of the protocol's earnings. Users can also opt to stake CVX tokens on the Convex platform, and in return earn a share of the rewards gained from Curve liquidity providers' earnings. Investors have the power to stake and unstake their CVX tokens freely without accruing any Curve trading fees. All liquidity providers on the Curve platform earn Curve LP tokens which can be staked on the Convex platform. In return, liquidity providers earn CRV rewards and additional benefits. The reward distribution is determined by the amount of CRV tokens that are staked.
Convex tokens were created to only ever have a maximum supply of 100 million. At the time of writing 75% of these were in circulation. New CVX enter circulation by being minted pro-rata for each CRV token claimed by Curve liquidity providers on Convex.
Users can find the best price for CVX directly through the Tap app. Simply select the cryptocurrency from the list of supported digital assets in the crypto wallet and there you will find the price (USD price depending on your settings) as well as other trading information.
CVX is an ERC-20 token which means that it will need to be stored in an Ethereum-compatible wallet. Always be sure to check that the wallet you are sending funds to is compatible with the tokens you are sending. For a more secure and convenient option, you can store your CVX in the Tap Wallet. As soon as you create an account on our platform, you are given access to a Convex wallet where you may securely save your tokens for extended periods of time or engage in trading or staking activities.
Tap is a fully regulated fintech platform that allows users to engage in the cryptocurrency markets, as well as use the platform in a similar way to a bank account. Tapping into their fiat and crypto wallets in the app, users are able to pay bills, send funds to friends and family around the world and use their balances by swiping their Tap card. Simply download the app, create an account, and complete the quick account verification process. Once approved, you will automatically gain access to a number of vetted cryptocurrencies and integrated secure wallets. Tap into the Convex market today with the Tap app.