Convex Finance
CVX
$2.22

Sector

Defi

Exchange Debut

2021-05-17

Market Cap

181,950,733

Maxim Supply

100,000,000

Circulating Supply

81,990,704

Circ. Supply(%)

81.99%
Convex Finance - logo

Convex Finance

CVX

Price

$2.22

Market Cap

Sector

Exchange Debut

181,950,733
2021-05-17

Volume 24h

High 24h

Low 24h

5240423
2.395686540839
2.159989754477

Change 24h

Change 7d

Change 30d

-5.3995
-20.0972
-10.3367

Maxim supply

Circulating supply

Circulating supply(%)

100,000,000
81,990,704
81.99%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Convex Finance cryptocurrency:

Based on the fundamental analysis of the Convex Finance cryptocurrency, the project presents an overall balanced profile with an aggregated score of 5.61 out of 10. As an influential player in the Curve wars, Convex Finance is a DeFi protocol offering Curve liquidity providers the opportunity to earn trading fees share. Through staking with Convex, LPs can gain boosted CRV and liquidity mining rewards, which enhances capital efficiency. Despite some areas of the project that require improvement, the overall potential of Convex Finance is promising.

SOCIAL & MASS MEDIA: Score 5.85 out of 10

Convex Finance has shown a moderate presence in the social and mass media spectrum. The project’s ability to attract followers on social media pages scored a reasonable 6.5, while the activities of social media administrators are relatively low with a score of 2. It is encouraging to note that community activity on social media pages is vibrant and earned the full 10 points. The presence in media and size of communities on chat groups could use some improvement, scoring 6.2 and 2.5 respectively.

AUDIT & SECURITY: Score 4.68 out of 10

Audit and security is another critical area in the fundamental analysis of the Convex Finance cryptocurrency. The results of audits obtained a score of 4, suggesting some room for enhancement. However, the transparency of information available to the public was slightly higher at 5.5. Convex Finance performed well in terms of liquidity on Exchange, achieving a score of 7.

TOKENOMICS: Score 7.33 out of 10

When it comes to token economics, Convex Finance demonstrates a healthy standing. The project’s inflationary status and per-year inflation scored an impressive 8.2. The centralization of the monetary mass, on the other hand, received a lower score of 4, indicating potential issues with decentralization.

ECOSYSTEM DEVELOPMENT: Score 5.3 out of 10

The fundamental analysis of the Convex Finance cryptocurrency reveals a steady pace of ecosystem development. The achievement of objectives and plans to bring new developments to the project both scored a solid 6, signaling a progressive approach to growth.

TEAM & DEVELOPERS: Score 1.6 out of 10

The team behind Convex Finance appears to be its weakest link, with the experience of the team and the number of software developers scoring lowly at 1.5 and 2 respectively. This is an area that needs significant attention for the project to realize its full potential.

PRODUCT & UTILITY: Score 6.6 out of 10

Regarding the product and its utility, Convex Finance scored relatively well. The utility of the product was rated at 7, while the utility of tokens in the ecosystem earned a respectable 6. This indicates a valuable and useful offering from the project.

PARTNERS & INVESTORS: Score 6.25 out of 10

The number and capacity of investors, along with the number and quality of partners, scored a solid 6 and 6.5 respectively. This score shows that Convex Finance is garnering interest from key stakeholders in the cryptocurrency world.

Fundamental analysis of the Convex Finance cryptocurrency – The final conclusion

After careful consideration and in-depth fundamental analysis of the Convex Finance cryptocurrency, we conclude that while the project shows promising aspects such as good tokenomics, decent product utility, and growing social & mass media presence, there are areas of concern such as the experience and size of the team that need to be addressed. These weak areas might pose potential risks to the project’s long-term stability. However, the relatively high scores in product utility and partners & investors provide a positive outlook, suggesting an investment opportunity for those willing to tolerate some degree of risk. It is advisable for potential investors to closely follow the project’s development and updates, especially in the areas that scored low, before making an investment decision. This conclusion aims to offer a comprehensive understanding of Convex Finance and assist you in making informed investment decisions.

What is Convex Finance?

 

Understanding Convex Finance

Convex Finance is a unique DeFi protocol participating in the Curve wars. Its central role stems from an incentive structure focused on accumulating Total Value Locked (TVL) to control a significant stake of Curve Finance. Specifically, it targets Curve liquidity providers (LPs) and CRV token holders.

Staking Options and Rewards in Convex Finance

Through Convex, CRV holders can stake their tokens to receive cvxCRV. On the other hand, Curve LPs can stake their LP tokens with Convex for boosted rewards. This staking strategy allows Convex to act as a pool for individual stakers’ assets, providing them with aggregated liquidity benefits, including interest rates, Curve trading fees, boosted rewards, and CVX tokens. 

Convex Finance’s Role in Curve Wars

The protocol has become a crucial player in the ongoing “Curve wars,” where entities strive to gain influence over the largest DEX in the world by TVL, Curve Finance. The more CRV tokens an entity holds, the greater its sway over Curve’s interest rates.

The Fundamental Analysis of the Convex Finance Cryptocurrency

The fundamental analysis of the Convex Finance cryptocurrency reveals its potential to facilitate better capital efficiency for CRV stakers and Curve LPs. In conclusion, Convex Finance is positioning itself as a significant player in the DeFi ecosystem through its unique incentive structure.

Fundamental analysis of the Convex Finance cryptocurrency

Convex Finance - CVX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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