TechFlow news — Convex Finance, a one-stop platform for CRV staking and liquidity mining, will launch a new cvxCRV Wrapper contract that enables additional incentives for cvxCRV staking, allows users to select reward tokens (e.g., only CRV and CVX, only 3CRV, or any user-adjustable weighted combination), and makes staked cvxCRV ERC-20 compliant.
Additionally, Convex will soon release a proposal to adjust its platform fee distribution structure to leverage the new Wrapper’s functionality. Convex aims to allocate 2% of platform fees toward buying back existing cvxCRV and staking it in the new Wrapper contract, with the goal of increasing overall Wrapper rewards while removing cvxCRV from circulation. Source link
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