The Convex Finance price is $2.82, a change of 1.14% over the past 24 hours as of 6:25 a.m. The recent price action in Convex Finance left the tokens market capitalization at $225,812,413.23. So far this year, Convex Finance has a change of -12.06%. Convex Finance is classified as a DeFi under CoinDesks Digital Asset Classification Standard (DACS).
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As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.
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Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem.
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The onchain execution of structured products promises transparency to investors and eliminates counterparty risks.
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Some $52 million of assets were siphoned from Curve Finance just this weekend.
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Diving in deeper on cryptocurrency.
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