Convex Finance Goes Live on Polygon for Seamless Pledging and Liquidity Mining
On March 9, the CRV Pledge and Liquidity Mining one-stop platform Convex Finance announced that it was online in Polygon. The process of providing liquidity an…
On March 9, the CRV Pledge and Liquidity Mining one-stop platform Convex Finance announced that it was online in Polygon. The process of providing liquidity and pledge on Convex was the same as that on Ethereum. The initial pool used for Polygon included TUSD+amDAI+amUSDC+amUSDT, etc.
Convex Finance went online in Polygon and will migrate its Arbitrum fund pool on March 20
Analysis based on this information:
Convex Finance, a one-stop platform offering CRV Pledge and Liquidity Mining, has announced its online launch on Polygon on March 9. The move aims to make it easier for users to provide liquidity and pledge, similar to the Ethereum process. The initial pool of assets available on Polygon through Convex includes TUSD+amDAI+amUSDC+amUSDT.
The launch of Convex Finance on Polygon is a significant development for the growing DeFi space. With this move, Convex can now offer users benefits such as lower transaction fees, increased network scalability, and faster transaction confirmation times. Polygon, with its expanding ecosystem of decentralized applications, is fast becoming the go-to platform for DeFi solutions.
CRV Pledge and Liquidity Mining are two of the most popular DeFi services, and Convex Finance’s one-stop platform has made it easier for users to access these services. The CRV token, which is the governance token of the Curve DAO, is a key player in the DeFi ecosystem, and the ability to pledge CRV tokens on Convex Finance enables users to earn rewards in different assets.
In addition to the CRV Pledge, Convex Finance also offers Liquidity Mining, which enables users to earn rewards by providing liquidity to selected pools. The initial pool that is available on Polygon includes TUSD+amDAI+amUSDC+amUSDT. These are stablecoins that have been issued on the Ethereum network but are now available on Polygon through the Polygon Bridge.
The availability of these pools on Polygon will attract more users and liquidity providers to join the Convex Finance ecosystem. As such, this move is a significant development for Convex Finance, as it enhances the platform’s reach and usability. By offering a one-stop-shop for CRV Pledge and Liquidity Mining, Convex Finance has made it easier for users to navigate the DeFi ecosystem and earn rewards on their investments.
In conclusion, Convex Finance’s online launch on Polygon for CRV Pledge and Liquidity Mining is a significant development for the DeFi space. With increasing transaction fees and network congestion on Ethereum, the expansion to Polygon enables Convex to offer its services to a broader audience. The initial pool’s availability on Polygon is also an excellent opportunity for users to earn rewards by providing liquidity. This move is a win-win situation for both Convex Finance and its users, and we can expect to see more developments in the future.
Word Count: 399
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8732/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Relationship Between Arbitrum and the Federal Reserve
7:00-12:00 Keywords: Arbitrum, Federal Reserve, Base Test Network, Tether Summary of important developments at noon on March 17th Analysis based on this information:There has been significant buzz recently surrounding Arbitrum, a base test network that offers fast and secure transactions. Along with this, there have been questions about its relationship with the Federal Reserve and how it fits into the larger financial landscape. Arbitrum aims to provide solutions to scalability issues faced by existing blockchains. As it runs on a base test network, it allows developers to test their smart contracts before deploying them on the mainnet. This improves the safety and efficiency of blockchain networks and offers a faster and more secure alternative to traditional finance systems. One area where Arbitrum has attracted attention is in its relationship with Tether, a stablecoin that issues tokens that are pegged to the US dollar. Tether has been known to face regulatory challenges in the past, and its association with Arbitrum could…
-
#Introducing Ecological Points HSK: A New Reward System for HashKey Exchange Users
On April 12th, HashKey Group, a digital asset financial service provider, announced the launch of the Ecological Points HSK, with a total supply of 1 billion pieces. 65% of the HSK
-
#Chronos Protocol Allocation and Air Drop Rules: What You Need to Know
On April 19th, it was announced that the Arbitrum Ecological AMM protocol, Chronos, has released detailed rules for token allocation and air drop, with plans to allocate 53% of the
-
Carbonable Raises $1.2 Million in Seed Funding for Carbon Credit Tracking on Ethereum’s StarkNet
It is reported that Carbonable, a carbon credit tracking agreement launched on the Ethereum Layer2 extension system StarkNet, completed a seed round financing of $1.2 million, with
-
DCG Shares Financial Data: A Sign of Distress?
It is reported that Ram Ahluwalia, CEO of Lumida Wealth, a cryptographic investment consultancy, said in a social media message that DCG shared financial data …
-
What does blockchain represent (what does blockchain mean)
What does blockchain dao represent? It is not necessarily a decentralized autonomous organization, but a new form of organization that can promote more efficient coordination and collaboration. For example, a Clique composed of more than 100 people (usually referred to as “DAO”) has grown globally to manage all aspects of the project, improve decision-making efficiency and achieve common goals; Another type is community-based organizations – by recommending products or services to other members to receive rewards, in order to achieve better social welfare goals; Another way is to establish a unique organizational form. (BlockBeats) What does blockchain meanAccording to incomplete statistics from Lianta Think Tank, as of September 30, 2018, the global blockchain industry has over 4 million employees. The emergence of blockchain in the development process of the Internet has led to attention and exploration in various fields of society as a whole. Since November 2017, the Chinese government has issued the “Notice on Preventing Bitcoin Risks” and recently…
-
Massive Transfer of Matics from Coin An to Crypto.Com: An Interpretation
It is reported that according to Whale Alert data monitoring, 7499990 Matics were transferred from Coin An to Crypto.Com.
About 7.5 million Matics were…
-
Amber Group Contemplates Sale of Japanese Subsidiary and Applies for Hong Kong Digital Asset License
According to reports, Amber Group, a cryptocurrency lending institution, is weighing the options of its Japanese subsidiary, including a possible sale, and plans to apply for a Hon
-
Unchained Music Announces Partnership with Avalanche for DeFi-Based Artist Royalty Funds Deployment
On April 22nd, the Web3 music platform Unchained Music recently announced a partnership with Avalanche to specifically deploy artist royalty funds to Avalanche C-chain in various r
-
When does Time Coin pay dividends (Time Wallet)
When will the Time Coin be distributed? According to official information, when will the Time Coin be distributed? Time: September 28, 2013 In early March 2020 The issuance of The Time Coin was 100 million pieces. . Time coin is a kind of Cryptocurrency based on Ethereum technology forged on Bitcoin, and a digital asset on the blockchain. The code name of the era is XTM; It is the first project led and founded by Paul Tudor Jones, a famous American investor, and also one of the first batch of ICO projects registered with the U.S. Securities and Exchange Commission SEC and involving a large number of users Since the beginning of 2012, as the price of Bitcoin has increased, its development speed has become faster and faster. In the first and second quarters of 2018, Tether issued an additional 500 million tokens Times WalletTimes Wallet is a digital asset wallet that supports multiple links. Users can store, send, and…
-
SuiPad Completes Over $1 Million in Financing: What It Means for Sui Blockchain Development
According to reports, the Launchpad project based on the Sui blockchain, SuiPad, has announced the completion of over $1 million in financing, with participation from GBV Capital,
-
Silicon Valley Bank Loses Another Senior Managing Director
According to reports, according to a person familiar with the matter, Michael Cohen, Senior Managing Director of Silicon Valley Bank Securities, has resigned from the company and i
-
Bitcoin Lightning Network: A Comprehensive Overview of Latest Node & Channel Data
According to reports, 1ML data shows that there are currently 16481 Bitcoin Lightning network nodes, an increase of 0.45% in the past 30 days; The number of channels is 74415, a de
-
YugaLabs will launch the “Grailed PUMA Slipstream” NFT series corresponding to physical sports shoes
On April 26th, YugaLabs announced that they will launch the \”Grailed PUMA Slipstream\” NFT series corresponding to physical sports shoes. To qualify for the Grailed PUMA Slipstream
-
Tencent shifts focus from XR hardware to software technology and content ecology
It is reported that people close to Tencent responded to the news that Tencent will partially dissolve the XR (mixed reality) team, saying that the game XR bus…
-
BTC market volatility triggers risk control
According to the report, the market shows that BTC has fallen below 22000 US dollars and is now trading at 21998.6 US dollars. The intra-day decline has reache…