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    Convex Bribes

    1. What has the total amount of Tokens both in Token number and USD value, that has been deployed for bribes. 2. Do these bribes have significant impact in terms of Liquidity movement within Curve.

    What is Convex?

    Convex allows users to access liquidity and earn fees from Ethereum-based stablecoin exchange Curve Finance, the largest DeFi protocol with a TVL of $23 billion. Convex owns about 40% of the CRV supply so the CVX holders are receiving bribes to designate the CRV rewards to specific liquidity pools.

    Convex Bribe Metrics

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    The two graphs above show the Weekly count and volume by token. Most weeks there are 0 - 3 bribes distributed to CVX holders with each program giving $50K - $500K worth of tokens.

    CRV Reward Votes

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    There have been 24 different addresses bribing convex holdes and when these addresses pay the CVX holders the rewards on their respective pools increase for the liquidity providers.