$CVX Convex Finance (Yield) generated $351,000 in fee revenue over the past 24 hours, about 2.8 times its usual daily average of $124,000.
How to interpret this: fees represent the total amount users pay and generally track usage. How much of that goes to the protocol depends on the fee distribution.
To judge whether this is a trend, watch two things: first, whether fees stay elevated over the next few days; second, whether this spike was driven by a one-off event, such as a large liquidation. If it were you, would you act now or wait a little longer?
#CVX
How to interpret this: fees represent the total amount users pay and generally track usage. How much of that goes to the protocol depends on the fee distribution.
To judge whether this is a trend, watch two things: first, whether fees stay elevated over the next few days; second, whether this spike was driven by a one-off event, such as a large liquidation. If it were you, would you act now or wait a little longer?
#CVX