Convex PrismaCVXPRISMA
Convert CVXPRISMA to your currency
Last Updated on Oct 03, 2025 08:37 PM
What is Convex Prisma?
About the coin
cvxPRISMA is a tokenized version of vePRISMA, designed to enhance the utility and rewards for users within the Prisma Finance ecosystem. By holding cvxPRISMA, users can participate in the Convex platform, which is known for optimizing yield farming strategies.
Main features
The primary feature of cvxPRISMA is its ability to be staked on the Convex platform. This staking process allows users to earn a portion of the fees that would typically be available to those staking vePRISMA directly on Prisma Finance. Additionally, staking cvxPRISMA provides users with rewards in the form of Convex's native token, CVX, as well as platform-specific fees from Convex Prisma.
How it works
Users acquire cvxPRISMA as a representation of vePRISMA, which can then be staked on the Convex platform. This staking mechanism is designed to maximize the potential earnings from the Prisma Finance ecosystem by leveraging Convex's infrastructure. The rewards system is structured to provide both direct fee earnings and additional incentives through CVX tokens, enhancing the overall value proposition for cvxPRISMA holders.
Wallet for Convex Prisma
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Tangem supports networks for Convex Prisma
- Ethereum
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Convex Prisma FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Immutable (IMX) isa layer-two scalingi solution for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. It aims to address the limitations of Ethereum, such as low scalability and high transaction costs, by aiming to provide instant trading, massive scalability, and zero gas fees for minting and trading NFTs.
- A convex risk measure is called coherent if it is also. positively homogeneous, i. e.,ρ(λX) = λρ(X)for X ∈ X and λ ≥ 0. Any coherent risk measure ρ is normalized in the sense that ρ(0) = 0, and its acceptance set.
- 👍👎 The crypto Frax (FRAX) isa stablecoin that can be used in various ways within the cryptoeconomy. It can serve as a store of value or as a medium of exchange, offering a stable source of value amid volatile crypto markets.
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