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.

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...

...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.

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.

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.

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.

...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...

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...

Finance has generated ~$156M in revenue over the last 180 days, which goes towards crvCVX stakers and CVX...CVX stakers receive a portion of revenue generated....Since CVX emissions are a function of CRV farmed, if we project out a 90% Convex take rate into the future...Over the next 12 months, Convex will emit an additional ~15.5M CVX reaching 47.5M, out of the 50M set...

...who provide liquidity on Curve are earning an APR of 10.4% from trading fees and token rewards (CRV, CVX...

Additionally, Frax owns the largest amount of protocol-owned CVX, which it can use to direct emissions...This can be viewed as Frax using their CVX voting power to indirectly increase the yields earned on staked...Frax has sizable CVX voting power to incentivize deep liquidity and an AMO mechanism that helps maintain...

...cvxCRV Since Frax is the largest stablecoin player in the Curve ecosystem and also a massive holder of CVX...The massive increase in cvxCRV supply equates to more gauge power controlled by each CVX, thus allowing...Each locked CVX now controls over 5.4 max locked veCRV, a ratio not seen since March 3rd, 2022.

...stablecoins such as USDC and USDP, while approximately ~19% resides in volatile assets, including CRV, CVX...As the Curve AMO mostly earns its revenue denominated in CRV and CVX, which have been affected by the...Additionally, the Frax AMO stands to benefit substantially by capturing more CRV/CVX emissions due to...

...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...

...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...

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...