The community selected stETH, CVX, and a selection of Curve LP tokens....The vote authorizes the DAO to purchase up to $15m CVX to use their treasury....The DAO will use the CVX to vote for the pUSD/3CRV pool.

Chart of The Day: Terra Leads CVX Accumulation Convex is a yield optimization platform that allows...To make up for this fee, CVX is given out as LP rewards....Terra has been a huge accumulator of CVX, growing to be the largest CVX held by a DAO in 4 months....be the largest DAO holders of CVX.

This has decreased down to a ratio of 0.66 CVX per 1 CRV today....Thirdly, ~21% CVX APR, is generated by the CVX emitted from the 10% of CRV farmed....66 CVX....The 10% fee paid to cvxCRV stakers is then 10 CRV and 6 CVX....This is a function of CVX emissions (and CVX token price) that will nearly run out within 12 months if...

CVX owned by Frax....This was initially stated as ~2.6m CVX, however the correct number is ~1.2m CVX....We have adjusted the graph accordingly, with reference to Frax’s CVX locker here. ...Other protocols have also been accumulating CVX, chief of all Frax Finance which owns the most CVX at...CVX and CRV justly fit under their mandate.

Centralized stablecoins like USDC and USDT are counted as 0% decentralized, while assets like ETH, CVX...Their ownership makes up 54% of the FBP, allowing them to farm CRV and CVX emissions on Convex with this...Some of the AMO revenue is held by the protocol, such as farmed CVX and CRV tokens, which gives Frax...

Market Operations: The pool is balanced and accrues transaction fees, in addition to CRV + CVX rewards...Frax’s largest investment relates to the Curve AMO and is in the form of Convex’s native token CVX....Frax currently holds 1.8M CVX tokens, equivalent to ~7% of all locked CVX....This is due to nearly equal bribes and a falling CRV and CVX price.

...vote-locked CVX (vlCVX) paid in cvxCRV 1% goes exclusively to vote-locked CVX paid in cvxCRV 1%...As of today, Convex has earned ~328M CRV, with around 97.4M CVX minted and only ~2.6M CVX left as emissions...Frax has the largest holdings of locked CVX, accounting for about 6.5% of all locked CVX.

Badger’s strategies build on Convex’s flywheel, compounding 90% of farmed CRV and CVX in cvxCRV and CVX...At launch the CVX/CRV mint ratio was ~450....This means that for every 1 CRV that was farmed, ~450 CVX was emitted....With CVX governance coming soon, giving individual CVX stakers the ability to exercise veCRV voting rights...

...to deploy treasury BAL and DAI to earn yield. 322k of DAI will be deployed to Convex to earn CRV and CVX...Proposal A will use MIM to buy CVX to gain Curve gauge voting power, while Proposal B will use MIM to...buy 3CRV to farm CRV and CVX rewards. mStable like Balancer, mStable is overhauling its governance process...

ENS Considers Revamping Their DAO, and JPEG’d Buys CVX [Excerpt from our Apr. 4 DAO Insights] Active...ENS Considers Revamping Their DAO, and JPEG’d Buys CVX [Excerpt from our Apr. 4 DAO Insights] Active...

When it’s time to withdraw, users can choose from cxvCRV, CRV, CVX or ETH....Users may withdraw any or all of their deposits and yield at any time in cvxCRV, CRV, CVX or ETH.

Furthermore, an additional 5% of the CRV farmed via Convex is returned to CVX stakers in the form of...Convex also allows the governance and gauge weight power of the underlying veCRV to be accessed by CVX...CVX holders can vote on governance and accept incentives offered by third-party systems for directing...

There is speculation that as Terra and Frax control large allocations of CVX this pool may become the...As pointed out by 0xGecko, Terra and Frax control a large portion of CVX and may be blocking this vote...

...to this dynamic, other protocols have begun bribing on Convex directly (they can also buy and lock CVX...(as seen below with price holding above previous all time highs despite broader market headwinds), CVX...If we do get another pullback in the market, we wouldn’t be surprised to see CVX emerge as one of the...

...cvxCRV, and cvxFXS To summarize: veCRV = Vote Escrowed CRV (max lock of 4 years) vlCVX = Vote Locked CVX...report, we extensively discussed the relationship between Convex and Curve, the state of bribes, and CVX...The proposal, if passed, will: Lock all CVX as vlCVX,  Lock at least 5% of CRV as veCRV Use the remaining...

Currently, each locked CVX is in control of ~5.94 veCRV....phenomenon where market players aim to influence CRV gauge rewards on liquidity pools through owning CVX...By locking CVX, you’re keeping it locked for 16 weeks + 7 days, compared to locking CRV for 4 years to...

...decreases in PSP emissions, and funding for new projects, is a commitment to use 45m PSP to purchase CVX...The CVX will be used to create a ETH/PSP pool on Curve v2 and participate in gauge voting....In The Forums Threads to Watch: Aave considers adding CVX.

It’s important to note that Yearn’s strategies also include depositing and farming CVX, so Yearn isn’...

CRV depositors earn higher total yields via CVX rewards allowing it to divert 10% of the CRV rewards...Secondly, Yearn actually utilizes CVX for its vault strategies....Per this dashboard, Yearn has received 21% of all CVX minted rewards.

KIP-5 gives the DAO a mandate to use up to $40m of their $100m treasury to accumulate a max of 2m CVX...Additionally they will move their ETH holdings into the cvxalETH pool to earn CVX tokens and provide...