According to ChainCatcher's message, the Snapshot governance page shows that Convex Finance has initiated a proposal to significantly reduce the PYUSD holdings.The proposal states that Frax holds a large amount of PYUSD in its assets, but the interest is very low. Frax should diversify away from low-yield assets, and therefore it is suggested to reduce the over two million dollars of PYUSD in the Curve FRAX/PYUSD to a maximum of 500,000 dollars.The current proposal has a 99.51% opposition rate and will end on September 20.

According to ChainCatcher news and RootData data, the Convex Finance token (CVX) has increased by 38.99% in the last 24 hours, currently priced at $3.88.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of transaction fees on Curve without having to stake liquidity on Curve. At the same time, liquidity providers can invest using Convex Finance and receive higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV stakers and positions Convex Finance as an important player in the Curve wars.

ChainCatcher news, according to RootData, the Convex Finance token (CVX) has increased by 95.68% in the last 24 hours, currently priced at $4.05.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of the trading fees on Curve without having to stake liquidity on Curve.

According to ChainCatcher news and data from RootData, the Convex Finance token (CVX) has increased by 23.88% in the last 24 hours, currently priced at $2.54.Additionally, the Web3 asset data platform RootData shows that Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a portion of transaction fees on Curve without having to stake liquidity on Curve. At the same time, liquidity providers can use Convex Finance for investment and receive higher CRV and liquidity mining rewards. This provides better capital efficiency for CRV stakers and positions Convex Finance as an important player in the Curve wars.

ChainCatcher news, according to The Data Nerd monitoring, 1 hour ago, a whale withdrew 3.9 million CRV (1.24 million USD) from Binance.Subsequently, the whale transferred 3 million CRV (954,000 USD) to Convex Finance.

ChainCatcher news, according to DeFiLlama data, Unibot's profit yesterday reached $665,000, surpassing Convex and BNB Chain, currently ranking sixth.

ChainCatcher news, the one-stop platform for CRV staking and liquidity mining, Convex Finance, will launch a new cvxCRV Wrapper contract that allows for additional incentives for staking cvxCRV. Users can choose the reward token types (for example, only accepting CRV and CVX, only accepting 3CRV, or any user-adjustable weighted combination), and staking cvxCRV complies with the ERC-20 standard.In addition, Convex will soon release a proposal to adjust the platform fee distribution structure to leverage the new features of the Wrapper. Convex hopes to allocate 2% of the platform fees to buy back existing cvxCRV and stake it in the new Wrapper contract, aiming to increase the overall rewards of the Wrapper while removing cvxCRV from circulation. (source link)