Farming liquid CVX with CLever and Concentrator is now as easy as ABC!

Concentrator’s new abcCVX token automates and simplifies CLever CVX Furnace arbitrage and LP farming in one neat package, then CLever staking pumps the yield. 🚀

Since its launch, CLever has proven itself as a powerful DeFi tool for CVX holders, enabling safe, self-repaying loans against the future bribes of their CVX. In fact, it’s been so popular that the demand by clevCVX borrowers has outstripped the supply of CVX in the swap pool!

To keep CVX flowing into the swap pool (and keep the discount from getting too big), CLever relies on users farming two lesser-known yield strategies. The first is providing CVX liquidity in the clevCVX/CVX pool, then staking on CLever to earn CLEV yields. The second is using CVX to buy clevCVX from the swap pool at a discount and exchanging it for CVX over time in the Furnace. Both these strategies are profitable, but executing them is a little complicated and when the swap pool is imbalanced, CLever needs a way to increase their yields to keep up with the CVX demand.

Concentrator’s abcCVX is here to simplify and automate farming these two strategies and amplify their yields. It brings CLever to the next level by supporting borrowers’ insatiable demand for CVX while also creating a juicy new revenue stream for Concentrator. Perhaps most importantly, for CVX farmers abcCVX represents the best new liquid CVX farm in DeFi.

Forging CVX in the CLever Furnace is hard work. abcCVX is here to make it easier.

How to Use abcCVX

To get started, deposit your CVX into the abcCVX compounder on Concentrator. There is a one-day hold on deposits to this vault after which you may claim your abcCVX tokens. Once claimed, your abcCVX tokens begin earning autocompounding yields. They represent a share of the growing vault populated with clevCVX/CVX LP tokens and clevCVX, so while the number of abcCVX you have stays the same, their value grows.

Finally, stake your abcCVX in the new CLever abcCVX Vault to simultaneously earn CLEV rewards on top. That’s it!

Oh, and now that you’re earning CLEV, you can choose to periodically claim and lock it for veCLEV. veCLEV holders enjoy boosted yields (so you earn even more CLEV from your staked abcCVX) as well as a share of CLever’s revenue!

TL;DR:

1. Deposit CVX on Concentrator
2. (24 hrs later) Claim abcCVX tokens
3. Stake abcCVX on CLever Farming
4. Profit!

🚨 Don’t forget to claim your abcCVX 24h after depositing! It does not start earning until it has been claimed.🚨

abcCVX Under the Hood

ABC stands for arbitrage-bond-compound, hinting at the automation work that Concentrator is doing behind the scenes. At the heart of abcCVX is a liquidity director mechanism that automatically allocates new CVX deposits and yield harvests between the two strategies discussed earlier; the CLever CVX Furnace arbitrage strategy and the clevCVX/CVX LP farm.

Fresh CVX deposits allocated to furnace arbitrage by the director are first swapped for more clevCVX in the Curve pool, taking advantage of the discount. The resulting clevCVX is then deposited in the Furnace to convert over time for CVX. Periodically the converted CVX in the Furnace is claimed, and compounded back to the liquidity director.

On the LP farming side, CVX is deposited in the Curve clevCVX/CVX pool and the resulting LP tokens are staked on Convex to earn CRV, 3CRV, and CVX gauge rewards. Periodically all those gauge rewards are swapped into more CVX, which is then also compounded back to the liquidity director.

Combining and automating both these strategies creates a solid foundation of yield even before staking on CLever. CLever further adds great CLEV yields to abcCVX holders because they ultimately provide a continuous stream of CVX which facilitates CLever borrowing. More abcCVX reduces the clevCVX discount and opens the door for more clevCVX borrowing. In turn, more clevCVX borrowing makes abcCVX yields more valuable (since CLEV tokens represent a claim on CLever fee revenue.) It’s not magic, it’s just clever.

Advancing Concentrator and CLever’s missions

abcCVX (and eventually abcTokens for other CLever strategies!) represents yet another major step forward for both Concentrator and CLever protocols. CLever’s three-sided marketplace (borrowing, farming, and/or buying clevCVX) has, until now, focused heavily on the borrowing side. With abcCVX Concentrator gives some love to the other market participants with its “patented” 🤣 automation magic.

By providing an amazing new liquid CVX farming opportunity, participants who may not be interested in leverage or borrowing can earn high yields with almost no lockup. This is positive sum DeFi; facilitating mutually beneficial commerce between people with different needs and requirements in a totally decentralized and trustless way.

Deposit today at https://concentrator.aladdin.club/#/vaults