What is Leveraged CVX (XCVX)?
f(x) splits CVX into a mix of 0-volatility “floating stablecoins” cvxUSD and high-volatility “leveraged” tokens xCVX. Users can supply CVX to mint either one. cvxUSD is a stablecoin based on CVX that allows users to earn the native staking yield from Convex Finance. Users can stake cvxUSD to stability pools to earn CVX staking yield while remaining pegged to the dollar. On the volatility side, like what f(x) did, xCVX offers up to 3x leverage on CVX with no funding costs or liquidation risk.
Where can you buy Leveraged CVX?
Leveraged CVX (XCVX) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for XCVX sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for XCVX. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.