- Clever users get the opportunity to deposit their high-quality tokens in a high-yielding collateral strategy and can claim their future yields.
- CLEV is the native currency of the platform, which is an ERC-20 token and runs on the Ethereum blockchain.
- CLEV simplifies and automates the process so CVX holders can earn rewards and bribes.
The crypto and decentralized finance (DeFi) world is witnessing a new wonder every day. The clever protocol is such a wonder in the DeFi sector. So, let’s determine what it is, why it is advantageous for the CVX holders, and why one should utilize it.
What is the Clever Protocol?
Clever is a decentralized finance (DeFi) protocol that simplifies and automates the process for CVX holders to make the most of the bribes and rewards. The platform has a motto of “Claim Future Yields Today!”.
It facilitates users’ depositing of high-quality tokens in a high-yielding strategy so they can claim future bribes and rewards today.
You can easily farm these future yields and use them wherever you need them. You can swap the yields to CVX and re-deposit them, which can be utilized to create leverage.
The CLEV token works as the network’s native fuel, and the experienced team of AladdinDAO established the project. The Clever protocol usually works with CVX as well as FRAX, and it has a plan to join hands with CRV in the future.
Why Should You Utilize Clever?
Clever automates the harvesting yield process with CVX and distributes the gas prices to all users. It also automates locking, voting, and collecting bribes and re-locking them in Convex as needed.
By using Clever, the future yield loan becomes non-liquidated and has no risk. It brings certainty to the funding costs. Additionally, the loan is paid automatically because the yields are harvested from collateral.
Clever becomes more appealing as you can claim almost 50% of future yields today.
How Does the Clever Token Work?
Clever platform stands as a leverage DeFi platform for CVX holders. Holders can lock their CVX and claim their 50% future yields at once in the form of clevCVX, which is a synthetic version of CVX tokens.
Users can swap their clevCVX for CVX in 2 ways: by using the Curve liquidity pool and clevCVX Furnace. To take advantage of leverage, holders can re-deposit their CVX and claim and swap them anytime. Also, you can have a maximum of 2x of your initial deposit.
The CVX tokens further would be vote-locked with Convex and can be used to vote to max the bribe income even more. All these bribes that are swapped with CVX can be claimed as clevCVX.
About CLEV Token
The platform’s native coin is CLEV. It is an ERC-20 token that is based on the Ethereum blockchain. The CLEV token was created to facilitate and optimize the decentralized finance (DeFi) within its ecosystem.
CLEV aims to provide a better user experience performance by working with platforms like Curve and Convex. The token comes with a vibrant array of functions and utilities.
This includes Vaults, Furnace, Farming, Locker, Vesting, Governance, and other functions like no liquidations, fixed funding costs, and automated yield harvesting mechanisms.
The CLEV token is governed by AladdinDAO and is devoted to promoting a low-risk, non-liquidation, and cost-effective approach for its holders.
