$CVX coin refers to the Convex Finance (CVX) cryptocurrency. Convex Finance is a decentralized finance (DeFi) protocol that aims to provide a flexible and efficient way to earn yields on cryptocurrencies. The CVX token is the native cryptocurrency of the Convex Finance platform and is used for various purposes such as:
- Governance: CVX holders can participate in voting on proposals for the development and growth of the platform.
- Staking: CVX can be staked to earn yields and participate in the validation of transactions on the platform.
- Fees: CVX is used to pay fees for transactions and other services on the platform.
The current price of CVX coin is around $4.50, but please keep in mind that cryptocurrency prices are highly volatile and subject to rapid fluctuations.