CortexDAO CXD Price $ 0.000853

CortexDAO is the protocol that develops and governs index products such as the Convex Index. The Convex Index offers broad and diversified exposure to an integral part of Decentralized Finance, the Curve ecosystem. A user can gain exposure through a single deposit, receiving tokens tracking the index. The index is low-risk, giving consistent returns from liquidity rebates, and useful for diversifying both traditional and crypto portfolios. Periodic rebalancing and reinvestment are optimally executed, greatly reducing the costs associated with the Ethereum blockchain.

Cortex DAO Token (CXD) is the platform’s native utility token, used as the primary means to govern, secure, incentivize participants, and provide a default mechanism to store and exchange value. The Cortex Token is governed by the CortexDAO. 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.