Leveraged CVX
XCVXProject Safety Score: 9%
Updated 3 weeks, 2 days ago& Market
Credibility
Behavioral
Mechanics
Distribution
f(x) splits CVX into a mix of 0-volatility “floating stablecoins” cvxUSD and high-volatility “leveraged” tokens xCVX. Users can supply CVX to mint either one. cvxUSD is a stablecoin based on CVX that allows users to earn the native staking yield from Convex Finance. Users can stake cvxUSD to stability pools to earn CVX staking yield while remaining pegged to the dollar.
On the volatility side, like what f(x) did, xCVX offers up to 3x leverage on CVX with no funding costs or liquidation risk.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
