What is the Clever Protocol and Why Should You Utilize It?

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.

The decentralized finance (DeFi) space is constantly buzzing with new and innovative protocols. One such protocol that has gained traction recently is Clever. So, let’s explore what the Clever protocol is, why it is beneficial for CVX holders, and how one can utilize it.

Clever is a DeFi protocol that streamlines and automates the process for CVX holders to make the most of the bribes and rewards. The platform’s tagline is “Claim Future Yields Today!”.

It allows users to deposit their high-quality tokens in a high-yielding strategy and claim their future bribes and rewards today.

You can easily farm these future yields and use them however you need. You can swap the yields to CVX and re-deposit them, which can be used to create leverage.

The CLEV token serves as the network’s native fuel, and the project was founded by the experienced team of AladdinDAO. The Clever protocol currently works with CVX and FRAX and has plans to integrate with CRV in the future.

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. Moreover, the loan is paid automatically because the yields are harvested from the collateral.

Clever becomes more appealing as you can claim nearly 50% of future yields today.

The Clever platform serves as a leverage DeFi platform for CVX holders. Holders can lock their CVX and claim their 50% future yields immediately 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 utilize the leverage, holders can re-deposit their CVX, 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.

The platform’s native coin is CLEV. It is an ERC-20 token that operates on the Ethereum blockchain. The CLEV token was created to facilitate and enhance decentralized finance (DeFi) within its ecosystem.

CLEV aims to provide optimal user experience performance by integrating with platforms like Curve and Convex. The token carries a wide range of functions and utilities.

This includes Vaults, Furnace, Farming, Locker, Vesting, Governance, and other features such as no liquidations, fixed funding costs, and automated yield harvesting mechanisms.

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This token is designed to cater to the needs of DeFi users, particularly those seeking to maximize their yields on Curve and Convex. It is important to note that the CLEV token is governed by AladdinDAO and is dedicated to promoting a low-risk, non-liquidation, and cost-effective approach for its holders.