Hello CVNX Holders!
Today we are gladly announcing the listing of the CVNX Governance Token on Uniswap and SushiSwap DEX.
You can trade(swap) CVNX/ETH on Uniswap V.3 and CVNX/USDT on SushiSwap DEX accordingly starting from 14th December 2021
Be a DeFi Chef with Sushi. Swap, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven…
The detailed guides on how to buy, sell CVNX and earn rewards(trading fees) are available on Crypviser Wiki
What is DEX(“Decentralized Exchange”)?
A decentralized exchange (DEX) is a cryptocurrency exchange that operates without a central authority, allowing users to transact peer-to-peer from wallet to wallet whilst maintaining complete control of their assets. DEXs reduce the risk of price manipulation, as well as hacking and theft because crypto assets are never in the custody of the exchange itself.
Uniswap V.3 (CVNX/ETH)
Uniswap is a decentralized exchange protocol built on the Ethereum blockchain. It consists of a series of smart contracts that allow anyone to directly trade with other users on the Ethereum chain.
That means you do not send tokens to an exchange for trading (trading = swapping) and your tokens are not at risk of being stolen by hackers attacking the exchange. When using decentralized exchanges like Uniswap, you don’t need to register/login, nor any KYC and AML compliance procedures.
Uniswap allows users to trade without intermediaries, with a high degree of decentralization and censorship-resistance.
All you need is a Web3 compatible Ethereum wallet like MetaMask, TrustWallet, MEW, etc.
Uniswap leaves behind the traditional architecture of digital exchange in that it has no order book. It works with a design called Constant Product Market Maker, which is a variant of a model called Automated Market Maker (AMM).
In contrast to centralized exchanges(“CEX”) that take fees for profit, Uniswap rewards its fees to community members (“Liquidity Providers”). Liquidity providers support and maintain the exchange by locking up tokens in “Liquidity Pools” to allow others to trade in a decentralized system.
A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions we will explore in this guide.
You can become a Liquidity Provider (LP) by adding an equal value of two ERC-20 tokens in a pool to create a market. In exchange for providing your funds, you will be earning a trading fee (0.30%) from each trade that happens in your pool, proportional to your share of the total liquidity.
You can find detailed information on how to trade CVNX on Uniswap and become a liquidity provider for earning rewards in Crypviser Wiki Guides
SushiSwap is another decentralized exchange(DEX) called an automated market maker (AMM). It lets users trade cryptocurrency tokens, but there are no central authority managing trades and order books. Instead, traders can exchange Ethereum ERC20 tokens on SushiSwap without having to trust anyone with their funds. Meanwhile, you can lend your crypto to special reserves called “liquidity pools” they earn fees for each trade.
You can learn more about how to trade CVNX on SushiSwap and earn liquidity pool rewards on Crypviser Wiki
Become a liquidity provider for CVNX DEX markets!
You can start earning a 0,3% fee of each trade on Uniswap and SushiSwap DEX by providing liquidity to CVNX/ETH and CVNX/USDT trading pools.
Liquidity providers create a market by depositing an equivalent value of two tokens, e.g. USDT/CVNX. In return, liquidity providers get “liquidity tokens,” which represent their share of the entire liquidity pool. These liquidity tokens can be redeemed for the share they represent in the pool.
All information about providing liquidity for CVNX and earning rewards is available in detailed guides.
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