To solve this problem, Convex pools all user assets together so that it can purchase curve tokens, convert them into veCRV, and maximize rewards for its liquidity providers. This allows Convex users to receive Curve rewards without locking up curve tokens for lengthy periods. Source link … [Read more...] about DeFi Protocol Convex Finance Crosses $20B in Locked Value
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Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking … [Read more...] about Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain