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@DefiShaka Avatar @DefiShaka DefiShaka.eth

DefiShaka.eth posts on X about $cvxcrv, $crv, crv, convexfinance the most. They currently have XXXXX followers and XX posts still getting attention that total XXXXX engagements in the last XX hours.

Engagements: XXXXX #

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Mentions: XX #

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Followers: XXXXX #

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CreatorRank: XXXXXXX #

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Social category influence cryptocurrencies XXXXX% stocks XXXX% finance XXXX%

Social topic influence $cvxcrv #1, $crv #17, crv #66, convexfinance #2, staking #716, instead of #890, convex finance #19, $cvx #23, $stkcvxcrv #1, finance XXXX%

Top accounts mentioned or mentioned by @convexfinance @curvefinance @votiumprotocol @xrpworld589 @cfroge1 @dingusprime69_ @wolfehr @defimoon @badgerdao @dingusprime69 @curvecap @r0botllama @coinmpotas @fullnutsack @frog_e_nomics @rektdiomedes @yieldbasis @dcfgod @frogenomics @convexfinances

Top assets mentioned Convex CRV (CVXCRV) Curve DAO Token (CRV) Convex Finance (CVX)

Top Social Posts #

Top posts by engagements in the last XX hours

"(13/13) DISCLAIMER: I do my best to be accurate. If you find errors kindly let me know so I can correct them. I'm not a smart contract expert nor a developer. But I do enjoy data analysis and periodically uncover and post about interesting situations like this time in 2023 when OlympusDAO kept getting their vote-locked CVX kicked by a bounty hunter:"
X Link @DefiShaka 2025-10-13T07:13Z 1723 followers, XXX engagements

"(2/13) First some quick stats before the background: * $83K in total user losses since Nov '24 (losses refer to the difference in value between the $CRV and $cvxCRV tokens at the time of the conversion) * XXX unique users (addresses) affected * 500+ affected transactions (users affected multiple times) * About XX% of users are affected by this behavior when claiming/staking rewards with the remaining XX% when convert/staking directly. * Worst user loss is $13250 by 0xa4cbe661"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, XXX engagements

"(10/13) DOCUMENTATION: My main concern is that most users don't realize they are losing 40-70% of the value of their $CRV tokens via these transactions. Improving the @ConvexFinance documentation could mitigate these issues: 1) The main documentation on converting/staking doesn't mention this behavior at all 2) The main documentation on claiming rewards doesn't mention this behavior at all 3) The only documentation page that hints at this 1:1 conversion is a somewhat cryptic statement most users won't understand: "A tokenized version of veCRV cvxCRV is returned to the user at a 1:1 rate.""
X Link @DefiShaka 2025-10-13T07:12Z 1721 followers, XXX engagements

"(12/13) CONCLUSION: @ConvexFinance hard converts $CRV to $cvxCRV at a 1:1 rate losing users 40-70% of the value of their $CRV in the current market environment. Documentation and awareness of this practice is poor and users have lost nearly $100K in value due to this practice over the last year. Easy fixes include updates to documentation and the web UI to better educate users. Perhaps years ago when Ethereum gas prices were higher and $cvxCRV tracked $CRV prices much more closely the "convert and stake" feature saved users money. But in today's environment it's harming users. Updating the"
X Link @DefiShaka 2025-10-13T07:13Z 1723 followers, XXX engagements

"For spot buyers of $CRV now underwater after today's liquidation event: if you are a long-term believer in the @CurveFinance & @ConvexFinance ecosystems one option is to stake your $CRV to earn yield while waiting for prices to recover. Multiple staking protocols exist in the community with different benefits and risks. One of those options is staking your $CVX as $cvxCRV on @ConvexFinance. Current APR is about 15%. Risks exist converting to $cvxCRV. The $cvxCRV to $CRV "peg" (not really a peg in the technical sense) is at XXX and could go lower (losing you money when you convert back to"
X Link @DefiShaka 2025-10-11T01:55Z 1721 followers, 7255 engagements

"(6/13) Users who "convert and stake" exercise the Convex Finance CRV Depositor contract (0x8014595F2AB54cD7c604B00E9fb932176fDc86Ae). It accepts user $CRV mints $cvxCRV at a 1:1 ratio stakes the $cvxCRV and returns the user a receipt $stkCvxCrv token. Let's look at an example in the next post"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, 1169 engagements

"I found a single user who lost $100000 converting their $CRV to $cvxCRV at @ConvexFinance which converts at a 1:1 ratio (instead of swapping at the market rate). Etherscan link to the transaction below"
X Link @DefiShaka 2025-10-14T04:26Z 1723 followers, 8674 engagements

"@DingusPrime69_ @ConvexFinance You receive voting rights on @ConvexFinance by vote-locking $CVX not by staking $cvxCRV"
X Link @DefiShaka 2025-10-14T04:41Z 1723 followers, XXX engagements

"(5/13) There are two primary ways @ConvexFinance users may experience the 1:1 conversion of $CRV to $cvxCRV: 1) Converting & Staking 2) Claiming Rewards & Staking Let's look at each individually and show examples of users affected by each"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, XXX engagements

"@DingusPrime69_ @ConvexFinance Like I said you get voting rights via vote-locking $CVX ( $vlCVX ) not by staking $cvxCRV"
X Link @DefiShaka 2025-10-14T04:48Z 1723 followers, XXX engagements

"(14/13) Update 1: Regarding the 1:1 $CRV to $cvxCRV conversion when users claim/stake rewards: I asked Grok to analyze the smart contract code and it found that while the code has the ability to perform a swap using the Curve pool (instead of a 1:1 conversion) the "minAmountOut" variable in the contract that determines whether this occurs can only be modified via direct contract interaction (scripts bots etc.) but NOT via the Convex UI. The default when using the UI is the 1:1 conversion. Experts smarter than me will have to explore the details and see how accurate Grok's analysis is. See"
X Link @DefiShaka 2025-10-13T10:26Z 1723 followers, XXX engagements

"(11/13) APP UI: The @ConvexFinance web application also does a poor job informing users of this 1:1 conversion practice but gets credit for throwing a last-minute warning pop-up right before a user executes a conversion: 1) By default the 1:1 conversion practice is not mentioned at all on the convert/stake page nor on the claim rewards page. 2) On the convert/stake page a warning pop-up will show up if the user a) connects their wallet and b) enters an amount to convert (see image). The content of the pop-up is great but why is it only showing the information AFTER the user has decided to"
X Link @DefiShaka 2025-10-13T07:13Z 1721 followers, XXX engagements

"🚨(1/13) This thread examines how users have lost nearly $100000 converting their $CRV to $cvxCRV at @ConvexFinance which converts at a 1:1 ratio instead of swapping at the market rate. The goal is to educate users encourage improved documentation by @ConvexFinance and ask whether offering a 1:1 conversion option remains responsible when X $cvxCRV is worth about XXX $CRV today. Note: I've mentioned some of this to the team on the @ConvexFinance Discord and they are considering it"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, 17.5K engagements

"On December X 2024 user 0x50c8b7e03639a. deposited 204K of $CRV via @ConvexFinance for staking as $cvxCRV. The $CRV was converted 1:1 to $cvxCRV resulting in a major loss due to price differences. $CRV price: $XXXX $cvxCRV price: $XXXX 204314.917 * $XXXX = $247221.05 ( $CRV ) 204314.917 * $XXXX = $147106.74 ( $cvxCRV ) $100114.31 loss Etherscan: Debank:"
X Link @DefiShaka 2025-10-14T04:26Z 1723 followers, XXX engagements

"(9/13) EXAMPLE 2: User 0xa4cbe661ac. on Dec XX 2024 via Claim Zap V3 contract (0x3f29cB4111.) 1) Claimed/staked a variety of rewards including multiple batches of $CRV totaling 16061 $CRV ($18K) 2) Contract mints 16061 $cvxCRV ($12K; a $6K loss) 3) Contract staked the 16061 $cvxCRV and returned 16061 $stkCvxCrv to the user User loses $6K in value due to 1:1 conversion instead of swapping at market rates. Would have received about 25K $cvxCRV if swapped at market rates"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, XXX engagements

"@VotiumProtocol vote-locked $CVX Round XXX incentives declined to the lowest total in the past X months or so perhaps affected by the industry's big liquidation event this week. $697K $0.024/vlCVX"
X Link @DefiShaka 2025-10-15T04:19Z 1723 followers, XXX engagements

"Sorry but there is no "peg" between $CRV and $cvxCRV at least in a technical sense like they were stablecoins or something. They are different tokens with different tokenomics and the market is currently valuing raw $CRV over a semi-liquid staking token like $cvxCRV. It definitely sucks for those who converted before the prices diverged and now want to sell. I'm not sure what can be done other than wait for market sentiment to change to value yield over liquidity"
X Link @DefiShaka 2025-10-13T20:09Z 1723 followers, XXX engagements

"On April XX 2025 user blacksail.eth lost about $26K by converting 81.5K $CRV to $cvxCRV on @ConvexFinance which converts at a 1:1 ratio (instead of swapping at the market rate). 81538*$0.63 = $51369 ( $CRV ) 81538*$0.31 = $25277 ( $cvxCRV ) Loss = $26092 (a XX% loss) @blacksail_fi is this you If so please note the thread linked below to avoid in the future"
X Link @DefiShaka 2025-10-15T02:19Z 1723 followers, 2249 engagements

"(7/13) EXAMPLE 1: User 0x35dc55a on Feb XX 2025 via CRV Depositor contract (0x801459.) 1) Deposited 16883 $CRV ($8521) 2) Contract minted 16883 $cvxCRV ($5729; a $2792 loss) 3) Contract staked the 16883 $cvxCRV and returned 16883 $stkCvxCrv to the user User loses $2792 in value due to 1:1 conversion instead of swapping at market rates. Would have received about 25200 $cvxCRV if swapped at market rates"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, XXX engagements

"(8/13) Now let's look at a claiming rewards and staking example. Users who claim and stake their $CRV rewards in a single go exercise the Convex Finance: Claim Zap V3 Contract (0x3f29cB4111CbdA8081642DA1f75B3c12DECf2516). It appears that if $CRV rewards exist and are to be staked the contract calls the Curve Depositor contract mentioned above and the same process of minting $cvxCRV at a rate of 1:1 is performed. Let's look at an example in the next post"
X Link @DefiShaka 2025-10-13T07:12Z 1723 followers, 1044 engagements