What is Clever? Clever is a platform that offers a source of high returns with several asset classes available. Besides, this platform also has many special features such as using leverage with future profits. People can read some more articles below to get an overview of Clever such as:
- What is Concentrator (CTR)? Concentrator Cryptocurrency Overview
- What is Aladdin DAO (ALD)? Overview of Cryptocurrency Aladdin DAO
So, everyone, let’s find out what Clever has that’s interesting in the article below!
What is Clever?
Clever is a platform that gives users the following two advantages:
- Bring high profits to some protocol-approved assets such as CVX, FXS and CRV.
- Clever allows users to use future profits for farming, not only that these profits can continue to be staked to get a portion of future profits (a form of using leverage of trading). awake).
Clever’s Mechanism of Action
Clever’s mechanism of action
Clever’s mechanism of action is as follows:
- Step 1: Users deposit assets that can be CVX, FXS or CRV into the Clever platform. We will take CVX as an example.
- Step 2: The platform will deposit CVX into Convex to receive vlCVX in addition to users can receive clevCVX – assets representing users’ profits in the future.
- Step 3: Users can continue to deposit this clevCVX back to the platform to get profits from this asset in the future (form of leverage) or provide liquidity for the clevCVX – CVX pair to earn more profits.
- Step 4: Users can exchange clevCVX to CVX through 2 ways: swap on Curve Finance through the clevCVX – CVX liquidity pool or burn clevCVX to exchange for 1 CVX in The Future.
Clever’s revenue source will come from sharing a portion of the profits of CVX, FXS or CRV holders and depositing them into the platform. For CVX, it is 20% of the profits earned by CVX holders, and for FXS, it is ten%.
Development Roadmap
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Core Team
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Investor
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Tokenomics
Information about Clever tokens
- Token name: Clever
- Code: CLEV
- Blockchain: Ethereum
- Token classification: ERC 20
- Contract: 0xad6742a35fb341a9cc6ad674738dd8da98b94fb1
- Total supply: 1,000,000,000
Token Allocation
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Token Release
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Token Use Case
Locking CLEV in the protocol helps you receive 75% of the total revenue of the entire platform and opens the protocol governance function.
Summary
Clever is one of the protocols participating in the Convex Wars. So will the CLEV token grow when this war officially breaks out and Clever has a chance to be the winner in this tough battle.
