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You can read our announcement here.pxCVX is the cheapest liquid wrapper specifically designed for vlCVX. Known as a 'pure' liquid wrapper, each pxCVX token is directly backed by one vlCVX token, and there is no additional leverage risk.
- Llama Airforce operates a pxCVX Pounder vault, which converts the underlying incentives into more pxCVX.
- Pirex automatically re-locks CVX as vlCVX, unless a redemption is initiated.
- Pirex maintains a pxCVX/CVX liquidity pool for instant swapping, usually at a discount.
- pxCVX can be redeemed for CVX, as each pxCVX is backed 1:1 by CVX. There is a redemption fee that scales inversely with the unlock time.
By joining The Union you forward your bribe rewards to Llama Airforce, we collectively claim them, swap all of them for cvxCRV, put it in an auto-compounder and finally airdrop you the pounder shares.
- The Union does not hold custody of your CVX, you remain in full control of your tokens.
- Just like with Votium, the rewards roll over and you are not required to claim immediately.
- The airdropped rewards will auto-compound even when unclaimed.
- By also delegating to votium.eth you don't even have to worry about voting and maximizing your output.
Votium is an incentives platform where vlCVX and veCRV holders earn rewards from buyers seeking deep liquidity. Delegating/Voting carries no risk to your funds, as you always retain custody of your vlCVX and veCRV.
- Allows protocols to buy CRV emissions through Convex's governance system.
- vlCVX holders are free to accept the incentive rewards to their likings.
- Rewards roll over to the next round and claiming immediately is not required.
- Delegating to votium.eth automates voting for the best $ / vlCVX possible.