What is $CVX ❓
Convex Finance’s main utility is to increase user earnings by optimizing the gauge voting (boost) at Curve Finance for CRV distribution without requiring users to operate/decide on Curve Finance.
CVX is the native token of the project. The current use cases for CVX include:
Staking: Users can stake CVX tokens in the Convex Finance platform to receive a share of platform fees.
Liquidity Mining: Users can contribute CVX to liquidity pools outside of Convex Finance to earn liquidity mining rewards and a share of the DEX transaction fees (e.g. Sushiswap).
Voting: Users can lock CVX tokens in the Convex Finance platform to vote on the CRV emissions for Curve Finance gauges.