What Is CortexDAO(CXD)? Complete Guide & Review About CortexDAO

What Is CortexDAO(CXD)?

CortexDAO governs the Convex Index, granting instantly-diversified exposure to a screened basket of Curve/Convex positions through the purchase of a single index token. CortexDAO is the DAO that develops and governs index products such as the Convex Index.

Important Points Table Of CortexDAO

How to Buy the Continental & Trade On Exchange?

CXD Price Live Data

The live CortexDAO price today is $0.013033 USD with a 24-hour trading volume of $4,279.38 USD. They update the CXD to USD price in real-time. This is down 5.41% in the last 24 hours. The current CoinMarketCap ranking is #5416, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy CortexDAO at the current rate, the top cryptocurrency exchange for trading in stock is currently MEXC. You can find others listed on crypto exchanges page.

CortexDAO 101

CortexDAO is the DAO that develops and governs index products such as the Convex Index.​

The DAO aims to:

1. Simplify participation in the Curve/Convex ecosystem or institutions, whales, and retail.

2. Always provide value to its users, and members of the Curve/Convex ecosystem.

3. Grow the protocol to become self-sustaining.

Contributing to the DAO

Users can contribute to the DAO by:

1. 1.Buying and locking the CXD token. This locked CXD will grant the locker token utilities.
2. 2.Contributing to DAO working groups.

Users can join the DAO and begin contributing by completing the New Member Tasks.

Token Utility

Locking the CXD token for vlCXD grants access to:

• Fee distribution. A portion of protocol revenue is distributed to CXD lockers.
• Governance. Vote to update, change, and revise protocol system parameters.
• Boosted Index returns. Holding CXD + any CortexDAO Index = increased Index APR!

They designed the CortexDAO Coin tokenomics to foster DAO growth and reward CXD lockers, those most committed to the long-term vision of the protocol. We set four goals to maximize value for CXD lockers:

1. 1.Encourage and reward DAO participation.
2. 2.Encourage CXD buy pressure.
3. 3.Encourage locking.
4. 4.Decrease sell pressure.

Deflationary Token Flywheel

A user who purchases and locks CXD can earn idxCVX. Similarly, a user who purchases and stakes idxCVX can earn CXD. This creates tokenomics that are sustainable and deflationary.

What is the Convex Index?

The Convex Index instantly grants a user diversified exposure to a portfolio of Convex strategies through a single Index Token (idxCVX) purchase.

1. 1.User purchases idxCVX with stablecoins.
2. 2.Stablecoins are pooled and deposited into a portfolio of risk-assessed Convex strategies.
3. 3.Strategies generate returns in the form of reward and incentive tokens.
4. 4.Reward and incentive tokens are harvested.
5. 5.idxCVX accrues value over time.

Benefits of the Convex Index

The Convex Index has financial properties that vastly improve the performance of almost any portfolio:

• Instant portfolio diversification. The Convex Index is comprised of a variety of Convex positions. Purchasing idxCVX grants you exposure to all of the strategies within the index at once.
• Reduced gas fees. Creating a diverse portfolio of Convex Positions yourself would be costly, requiring gas fees for each and every transaction (50+!) the index performs. Instead, a user pays just a single gas fee for purchasing the index token.
• Secure, risk-adjusted strategies. Each active strategy within the index is heavily screened through a rigorous risk assessment process before each capital deployment, saving users the headache of manually vetting strategies before each and every deposit.
• Secure, stable returns. The Convex index favors stable and steady returns over risky degen yields.
• Low correlation to DeFi blue chips, BTC/ETH, S&P500. This lowers portfolio volatility, even during bearish market conditions.
• High sharpe ratio. This demonstrates a low-risk portfolio performance with secure and steady returns.

CortexDAO Coin 2022 Roadmap

Phase 0: Foundation [Complete]

• Establish DAO Treasury
• Convex Index Litepaper Release

Phase I: Release [In-progress]

• DAO Launch
• Convex Index Launch

Phase II: Upgrade

• Fee Distribution
• Index Token Launch

Phase III: Scale

• Cross-Chain Expansion
• Launch New Enhanced Indices