$CVX Fund-flow notes:
Convex Finance (yield) fee revenue jumped to 2.8 times its usual daily average of $124,000, reaching $351,000 yesterday.
When investors focused on capital flows see this kind of data, they usually ask three questions:
1) Who is paying the fees—is it due to higher trading volume, or a one-off activity?
2) How many days can this be sustained?
3) Is there a mechanism for the revenue to flow back to CVX holders?
Until these three questions are clear, don’t treat the revenue alone as a reason to buy.
#CVX Just sharing—not investment advice.