[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  DefiShaka.eth [@DefiShaka](/creator/twitter/DefiShaka) on x 1703 followers Created: 2025-07-18 00:38:31 UTC It's unclear how $cvxCRV could 3x unless $CRV does as well (or more) due to the underlying tokenomics. $cvxCRV is a token that represents $CRV users have given over to @ConvexFinance to permanently stake and earn rewards (at a boosted rate to direct staking of $veCRV based on duration of lock). The price is dependent on the market balancing desire for liquid $CRV vs. yield provided by $cvxCRV. It's unclear if there is any tokenomic mechanism for $cvxCRV to 3x without $CRV appreciating by the same or larger amount. The risk is the peg could diverge further in such an environment, leaving users who no longer want staking yield with lost value. Of course, if the peg returns they can more than double their value based on the current peg! XXX engagements  **Related Topics** [crv](/topic/crv) [liquid](/topic/liquid) [$vecrv](/topic/$vecrv) [staking](/topic/staking) [convexfinance](/topic/convexfinance) [token](/topic/token) [$cvxcrv](/topic/$cvxcrv) [coins defi](/topic/coins-defi) [Post Link](https://x.com/DefiShaka/status/1946006634494648772)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
DefiShaka.eth @DefiShaka on x 1703 followers
Created: 2025-07-18 00:38:31 UTC
It's unclear how $cvxCRV could 3x unless $CRV does as well (or more) due to the underlying tokenomics. $cvxCRV is a token that represents $CRV users have given over to @ConvexFinance to permanently stake and earn rewards (at a boosted rate to direct staking of $veCRV based on duration of lock). The price is dependent on the market balancing desire for liquid $CRV vs. yield provided by $cvxCRV.
It's unclear if there is any tokenomic mechanism for $cvxCRV to 3x without $CRV appreciating by the same or larger amount. The risk is the peg could diverge further in such an environment, leaving users who no longer want staking yield with lost value. Of course, if the peg returns they can more than double their value based on the current peg!
XXX engagements
Related Topics crv liquid $vecrv staking convexfinance token $cvxcrv coins defi