convex

According to ChainCatcher's message, the Snapshot governance page shows that Convex Finance has initiated a proposal to significantly reduce the PYUSD holdings.The proposal states that Frax holds a large amount of PYUSD in its assets, but the interest is very low. Frax should diversify away from low-yield assets, and therefore it is suggested to reduce the over two million dollars of PYUSD in the Curve FRAX/PYUSD to a maximum of 500,000 dollars.The current proposal has a 99.51% opposition rate and will end on September 20.

According to ChainCatcher news and RootData data, the Convex Finance token (CVX) has increased by 38.99% in the last 24 hours, currently priced at $3.88.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of transaction fees on Curve without having to stake liquidity on Curve. At the same time, liquidity providers can invest using Convex Finance and receive higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV stakers and positions Convex Finance as an important player in the Curve wars.

ChainCatcher news, according to RootData, the Convex Finance token (CVX) has increased by 95.68% in the last 24 hours, currently priced at $4.05.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of the trading fees on Curve without having to stake liquidity on Curve.

According to ChainCatcher news and data from RootData, the Convex Finance token (CVX) has increased by 23.88% in the last 24 hours, currently priced at $2.54.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of transaction fees on Curve without having to stake liquidity on Curve. At the same time, liquidity providers can use Convex Finance for investment and receive higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV stakers and positions Convex Finance as an important player in the Curve wars.

ChainCatcher news, according to on-chain analyst EmberCN's monitoring, a whale (0xdf...3ad4) has withdrawn a total of 19.56 million CRV (worth approximately 10.2 million USD) from Binance in the past 3 days, and subsequently staked all of it in Convex.According to market data, CRV has risen over 10% in the past 24 hours.

ChainCatcher news, the Snapshot voting results show that the Convex community rejected a proposal to "fund 30 million CRV to multiple SubDAOs through the Curve community fund" with a 93.67% opposition rate.Previously, WormholeOracle initiated this proposal in the Curve governance forum, suggesting to provide funding of 30 million CRV to several Curve SubDAOs, including Curve Research (10 million CRV), Curve Risk (5 million CRV), Curve Analytics (5 million CRV), and Dev Tools (10 million CRV) through the Curve community fund.

ChainCatcher news, according to DeFiLlama data, Unibot's profit yesterday reached $665,000, surpassing Convex and BNB Chain, currently ranking sixth.

ChainCatcher news, the LSD stablecoin protocol Prisma Finance has completed a round of financing, with the specific amount undisclosed. Investors include Curve Finance founder Michael Egorov, Convex Finance founder C2tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce, CoinGecko founder, OKX Ventures, DeFiDad, MrBlock, Impossible Finance, 0xMaki, GBV, Agnostic Fund, Swell Network founder, The Block's research director Adam Cochran, Ankr Founders, MCEG, Eric Chen, and others.Prisma supports the collateralization of various Ethereum liquid staking derivatives (Frax, Lido, Rocket Pool, Binance, and Coinbase) to mint stablecoins. Additionally, Prisma's over-collateralization model supports automatic repayment, allowing the use of Ethereum staking rewards to automatically repay debts. (source link)

ChainCatcher news, Frax Finance founder and developer DrakeEvansV1 stated in the community that its own lending market Fraxlend will support Curve/Convex LPs as collateral. (Source link)

ChainCatcher news, all Arbitrum liquidity pools on the one-stop platform for CRV staking and liquidity mining, Convex Finance, will be migrated in the next 24-48 hours. There will be a follow-up announcement once the new contracts are deployed. Existing liquidity providers will need to use the new contracts to withdraw and re-stake.Previously, ChainCatcher reported that Convex Finance is launching on Polygon and will migrate its Arbitrum liquidity pools on March 20. (source link)

ChainCatcher news, the one-stop platform for CRV staking and liquidity mining, Convex Finance, will launch a new cvxCRV Wrapper contract that allows for additional incentives for staking cvxCRV. Users can choose the reward token types (for example, only accepting CRV and CVX, only accepting 3CRV, or any user-adjustable weighted combination), and staking cvxCRV complies with the ERC-20 standard.In addition, Convex will soon release a proposal to adjust the platform fee distribution structure to leverage the new features of the Wrapper. Convex hopes to allocate 2% of the platform fees to buy back existing cvxCRV and stake it in the new Wrapper contract, aiming to increase the overall rewards of the Wrapper while removing cvxCRV from circulation. (source link)

Chain Catcher news, Coinbase will list Convex Finance (CVX) and Ocean Protocol (OCEAN) on the Ethereum network (ERC-20). Trading will begin on September 8, 2022, at 9 AM Pacific Time or later, provided liquidity conditions are met. (Source link)

According to ChainCatcher news and reported by Blockworks, a Nansen spokesperson stated that the wallet which previously withdrew approximately $45 million in assets from Curve and Convex belongs to Matrixport, a counterparty of Three Arrows Capital, and has now updated its label.The wallet was previously believed to be associated with Three Arrows Capital because it received a large amount of cryptocurrency from a known wallet of Three Arrows Capital. (Source link)